News

IBEC delegation continues its active work at the St. Petersburg International Economic Forum. On the second day, a Cooperation Agreement with the largest Russian financial development institution VEB.RF was signed. The document, which was signed by Daniil Algulyan, Deputy Chairman of VEB.RF, and Denis Ivanov, Chairman of the IBEC Board, provides for cooperation in export and trade financing, as well as in the field of investment projects implemented both in Russia and in other IBEC member states.

The delegation of the International Bank for Economic Co-operation took part in the St. Petersburg Economic Forum. One of the most noticeable Russian business events takes place on June 6–8 in the northern capital of Russia.

International Bank for Economic Co-operation implemented a series of trade finance transactions for a total amount equivalent to 5.4 million euros. Operations are designed for a period of up to 1 year and are aimed at supporting bilateral trade between member states, and also operations with third countries, in particular with Kazakhstan.

The 133rd Council Meeting of the Bank was held at IBEC headquarters in Moscow. A report on 2018 results was reviewed and approved. During the discussion, the delegations of the Bank’s member states unanimously noted the high rates of implementation of the updated development strategy, the growth of key performance indicators of the Bank, positive dynamics in the structure of operations.