Reset filter
04
Feb 2020
IBEC and UBTZ discuss financial support for the development of transport infrastructure in Mongolia
News
Negotiations with the management of the Joint Stock Company Ulaanbaatar Railway (URTZ), one of the largest infrastructure companies in Mongolia, took place at the headquarters of International Bank for Economic Co-operation. The meeting was dedicated to the participation of IBEC in financing the investment program of modernization of the UBTZ, which was also attended by representatives of PwC, financial adviser of the UBTZ.
31
Jan 2020
IBEC received the second investment grade rating
Press
International rating agency Moody’s Investors Service Ltd. (Moody’s) has assigned a first-time «Baa3» foreign currency long-term issuer rating to the International Bank for Economic Co-operation (IBEC) with the stable outlook. This is the second investment level rating obtained by the bank after the start of the implementation of the updated development strategy and new business profile. In March 2017, Fitch Ratings assigned a long-term rating of BBB-, with a stable outlook, and a short-term rating of F3.
23
Jan 2020
Preliminary Results of IBEC Activities in 2019
Press
In 2019, International Bank for Economic Co-operation continued to implement its updated development strategy, focusing on key business areas (trade and syndicated financing, the SME sector and the green economy support, interbank settlements). By the end of the year, the Bank’s assets exceeded € 650 million, showing growth of more than 61% since the beginning of the year.
20
Jan 2020
Record Turnover in Trade Finance Transactions
News
IBEC has issued reimbursement obligations under two letters of credit of Belarusbank for a total amount of 15.5 million euros. The commitment period is two years. The performing and confirming bank for letters of credit is German Commerzbank, which participates in joint transactions with IBEC on a regular basis.
Information for Media
© 2024 IBEC Cookies Policy Privacy Policy Personal Data Processing Policy Site Map © 2024 IBEC
Website developed by ITECH.group