News

The International Bank for Economic Co-operation has granted a long-term credit facility to HATECO Logistics (Vietnam) in the amount of EUR 20 million. The funds will be used for the construction and development of logistics infrastructure in northern Vietnam. This is the first transaction implying direct financing of a corporate client in Vietnam in the IBEC new history.

On December 3, 2021 a regular 137th meeting of the Council of the International Bank for Economic Co-operation took place. Like the previous several meetings of the Council, due to the ongoing pandemic situation, the meeting was held in the format of a videoconference.

A delegation of the International Bank for Economic Co-operation visited the Republic of Uzbekistan. Representatives of the Bank took part in the II International Financial and Banking Forum of the CIS Member States and held a series of business consultations with Uzbek partners.

The International Bank for Economic Co-operation signed a loan agreement with a subsidiary of the UniCredit banking group in Russia – UniCredit Bank. UniCredit Bank will provide IBEC with unsecured financing for 3 years in the amount of EUR 10 million, which will be used to develop and expand IBEC loan and documentary portfolio.