News

The Board of the International Bank for Economic Co-operation has approved the criteria for the alignment of the Bank’s projects with the UN Sustainable Development Goals. The assessment of projects for alignment with the SDGs will be integrated into the decision-making processes on financing and investing in the bonds of corporations and financial institutions. All loan applications considered by IBEC will undergo an appropriate expertise.

International Bank for Economic Co-operation has published its financial results for the year 2021 in accordance with the International Financial Reporting Standards and Ernst & Young auditor's report.

The International Bank for Economic Co-operation has provided 15 million Romanian lei to the non-bank financial company Mikro Kapital IFN S.A., one of the leaders of the Romanian national microcredit market. The deal is in the form of a revolving line of credit for a period of one year with the possibility of prolongation for another year.

The International Bank for Economic Co-operation participated in an international syndicated credit facility in favor of the Vietnamese financial company VNDIRECT Securities Corporation. The total volume of the syndicated loan amounted to USD 100 million up to 1 year tenor, the share of IBEC was USD 15 million. Ten banks from Taiwan, Hong Kong and Europe took part in the deal, with Cathay United Bank from Taiwan acting as sole Mandated Lead Arranger and Bookrunner (MLAB).