News

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.

International Bank for Economic Co-operation is expanding its presence in the Vietnamese market. Another trade finance transaction in partnership with Saigon-Hanoi Commercial Joint Stock Bank (SHB). An import letter of credit was financed for the implementation of import operations for the supply of agricultural goods and raw materials in the amount of $ 6.4 million.

International Bank for Economic Co-operation participates in implementation of NICA, a unique international scientific project at the Joint Institute for Nuclear Research in Dubna. NICA (Nuclotron based Ion Collider fAcility) is a new accelerator complex designed at the Joint Institute for Nuclear Research (Dubna, Russia) for the purpose of studying properties of dense baryonic matter.

International Bank for Economic Co-operation implemented the first transaction under the General Agreement on Financing with the Belarusky Narodny Bank (BNB-Bank). The funds were used to implement foreign trade contracts between a Polish supplier and a Belarusian leasing company.