News

On March 29, 2019 International Bank for Economic Co-operation conducted another trade finance operation in the total amount of EUR 1,8 million and all-in tenor of 6 months under the Master Financing Agreement between IBEC and Belinvestbank JSC.

On March 27, 2019 International Bank for Economic Co-operation (IBEC) published audited financial statements in accordance with IFRS, which comprise the financial position as at December 31, 2018. Over the last year, the Bank has achieved significant results in its key activities. On the basis of a stable and relatively sound platform, the new senior management started a full-scale transformation along with aggressive business development. In 2018 IBEC with strong support from its shareholders made a lot of important steps towards transformation into an efficient modern financial institution.

On March 27, 2019 representatives of the International Bank for Economic Cooperation took part in the conference “Development of Trade Exchange between Russia and the Visegrad Four (V4) Countries in Current Conditions” organized by the Economic Section of the Polish Embassy in Moscow in cooperation with the Moscow Chamber of Commerce and Industry with the participation of representatives from the V4 countries: Czech Republic, Hungary, Poland and Slovakia.

On March 27, 2019 International Bank for Economic Co-operation conducted 2 trade finance transactions aimed at support of foreign trade between IBEC’s member states for the total amount of USD 0,4 million and all-in tenor of 1 year.