News

During the visit of UNCTAD delegation to Moscow, a meeting was held between UNCTAD Secretary General Mr. Mukhisa Kituyi and the Chairman of the Board of the International Bank for Economic Co-operation (IBEC) Mr. Denis Ivanov. Representatives of the Ministry of Economic Development of the Russian Federation, as the party that hosted the UNCTAD delegation, also took part in the meeting.

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 15, 2019 international credit rating agency Fitch Ratings-London affirmed previously assigned to International Bank for Economic Co-operation (IBEC) investment-grade ratings, namely: Long-Term Issuer Default Rating (IDR) at BBB-, with a Stable Outlook, and Short-Term IDR at ‘F3’.

On February 27 and 28, 2019 an event of a conceptually new format called «IBEC Days» took place in the Republic of Poland under the auspices of the International Bank for Economic Co-operation (IBEC).