News

International Bank for Economic Co-operation conducted the first transaction with Belarusbank within the framework of the General Financing Agreement concluded in July 2019.

International Bank for Economic Co-operation continues to finance foreign trade operations of Golomt Bank (Mongolia) customers.

International Bank for Economic Co-operation (IBEC) has published interim condensed IFRS financial statements for the first half of 2019. For the second year in a row, the Bank publishes semi-annual reporting, demonstrating its transparency to customers and partners.

International Bank for Economic Co-operation has provided funding of € 15.18 million to the Polish company Laude Smart Intermodal to finance the purchase of innovative intermodal freight railway containers and platforms of Russian and Belarusian production. The Chairman of the IBEC Board Denis Ivanov and the General Director of the Polish company Mr. Marcin Witczak signed the loan agreement and the surety agreement on August 27 at the IBEC headquarters. This is the first transaction to finance a Polish company in the new history of the Bank, as well as one of the most long-term projects in the current IBEC portfolio. The Agreement is signed for up to 7 years.