News

International Bank for Economic Co-operation to facilitate the export in its member countries supported the delivery of ground support equipment from Poland to the Republic of Belarus, issuing a short-term target loan of EUR 2,2 million. The transaction is implemented under the Master Agreement between the IBEC and Belinvestbank JSC in the beginning of 2019.

On 28 December 2018 the International bank for economic co-operation (IBEC) issued counter-guarantees to OTP Bank which in its turn issues guarantees to subsidiary of the pharma company EGIS (Hungary).

20 December 2018 International Bank for Economic Co-operation (IBEC) for the first time in its new history closed a trade finance deal in Vietnam.

The 132nd Council Meeting of the International Bank for Economic Co-operation (IBEC) at the invitation of the Cuban party took place in Varadero, the Republic of Cuba, on December 6. N. N. Kosov, Chairman of the Board of the International Investment Bank, and G. Benedek, Advisor to the Hungarian Ministry of Finance, participated in the Council Meeting of the Bank as guests.