News

International Bank for Economic Co-operation has disclosed its financial results in accordance with the International Financial Reporting Standards with an auditor’s report for the past year.

International Bank for Economic Co-operation is expanding the range of trade finance instruments with partners from the Republic of Belarus, using efficient and customer-friendly transaction schemes. The Bank issued a payment guarantee under 100% coverage by the counter-guarantee of the Belarusky Narodny Bank. Guarantee period — one year, transaction amount — 0.4 million euro.

The International Bank for Economic Co-operation and Golomt bank (Mongolia) have signed a Memorandum of Understanding. It is aimed at developing a «green economy» and denotes joint plans of financial institutions to finance environmental projects in Mongolia, IBEC member states and regions of Bank’s presence.

The International Bank for Economic Co-operation has entered into a Cooperation Agreement with the Russian Agency of Technological Development. On the part of IBEC, the document was signed by the Chairman of the Board Denis Ivanov and Member of the Board Peter Osvald, on the part of the Agency- by the General Director Sergey Zinchenko. The Agreement provides for joint support for initiatives creating and promoting advanced technologies, cooperation in improving the availability of financial and administrative resources for the implementation of investment projects in Russia and the Bank's member states, and partnership in the information and analytical field. Among the priority sectors for cooperation are engineering, pharmaceuticals, energy, petrochemistry, biotechnology, telecommunications, and the agro-industrial sector.