News

The International bank for economic co-operation (the IBEC) continues to strengthen its team by highly qualified professionals and in early September the IBEC Board approved nomination of two new employees to senior positions.

On August 30, 2018, the International Bank for Economic Co-operation for the first time acted as a confirming Bank under a letter of credit opened by a large Belarusian Bank in favor of a beneficiary from Bulgaria – one of the IBEC member countries.

The IBEC Chairman of the Board D. Ivanov and the member of the Board Thinh Thi Hong took part in the 16th meeting of the Working group on interbank cooperation of the intergovernmental Russian-Vietnamese Commission on trade-economic and scientific-technical cooperation, which was held from 27 to 29 August 2018 in Saint-Petersburg (the Russian Federation).

On 22 August 2018 under General financing agreement between the IBEC and the GOLOMT BANK OF MONGOLIA, the IBEC has conducted two trade financing operations in the total amount of more than $6.2 million.