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ACRA upgrades IBEC credit rating under the international scale

30
Jan
2025
The Analytical Credit Rating Agency (ACRA) has upgraded the credit rating of the International Bank for Economic Co-operation to ‘A-’, forecast ‘Stable’ under the international scale and has confirmed the credit rating under the national scale for the Russian Federation – ‘AAA(RU)’, forecast ‘Stable’, as well as the rating of IBEC bonds of series 001P-02 (RU000A101RJ7) and series 002P-03 (RU000A108Q03) – ‘AAA(RU)’.

The credit rating has been upgraded primarily due to an improvement in the assessment of the business profile as a result of the Bank’s approval of a new Development Strategy for the period up to 2026.

Under the new Strategy, the Bank will focus on supporting international supply chains in line with the needs of member countries, providing a full range of trade support tools to the corporate sector and financial institutions. IBEC target business model defines the Bank's main strategic priorities as supporting foreign trade operations between Vietnam, Mongolia and Russia, as well as developing operations in new regions, the most promising of which is South and East Asia.

In addition to the business profile assessment, the credit rating of the International Bank for Economic Co-operation is determined by such factors as strong capital adequacy and adequate assessment of funding and liquidity.

According to the results of the first half of 2024, the Bank's net profit indicator was positive. The average quality of assets remains quite high, while the share of debt overdue by more than 90 days is low. The amount of highly liquid assets as of the end of the first half of 2024 significantly exceeded the volume of short-term liabilities.

IBEC has the following credit ratings:
• ‘ААА(RU)’/‘A-’ from ACRA with a stable outlook (29/01/2025)
• ‘ААА’ from CCXI with a stable outlook (04/07/2024)

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20.11.2020
On November 18, the Russian and Bulgarian chambers of commerce and industry held a conference dedicated to the investment prospects of the Bulgarian economy, opportunities for cooperation between Russian and Bulgarian busines...
Syndicated loan for the Uzbek Xalq Bank
Syndicated loan for the Uzbek Xalq Bank
19.11.2020
International Bank for Economic Co-operation took part in a syndicated loan for Xalq Bank (State Commercial People’s Bank). The subscription, organized by Deutsche Bank AG, raised USD 102.5 million for a period of 13 months. Together with IBEC, Rus...
ACRA confirms the highest rating of IBEC on the national scale
ACRA confirms the highest rating of IBEC on the national scale
10.11.2020
The Analytical Credit Rating Agency (ACRA) has affirmed to the International Bank for Economic Co-operation its credit rating A- under the international scale and AAA (RU) under the national scale for the Russian Federation. The outlook for t...
IBEC - new strategy and sustainable development
IBEC - new strategy and sustainable development
22.10.2020
On the 57th Bank’s anniversary, Chairman of the Board Denis Ivanov speaks about the results achieved and plans for the next 5 years
IBEC opens a credit line for leasing Russian aircraft
IBEC opens a credit line for leasing Russian aircraft
19.10.2020
International Bank for Economic Co-operation will provide financing to the Russian State Transport Leasing Company (STLC) in the amount of 1.5 billion rubles. This agreement was signed by Mikhail Poluboyarinov, CEO of GTLK, a...
New deals with Golomt Bank of Mongolia
New deals with Golomt Bank of Mongolia
12.10.2020
In August and September International Bank for Economic Co-operation in partnership with Golomt Bank of Mongolia implemented a series of transactions for financial and non-financial support of Mongolia’s foreign tr...
International Bank for Economic Co-operation joins SWIFT GPI
International Bank for Economic Co-operation joins SWIFT GPI
07.10.2020
International Bank for Economic Co-operation has joined SWIFT GPI (Global Payment Innovation).
IBEC invests in green bonds of Russian Railways
IBEC invests in green bonds of Russian Railways
01.10.2020
International Bank for Economic Co-operation takes part in a subscription to new "green" bonds of the Russian Railways. The yield on securities at the time of the placement is 7.25% per annum, which corresponds to a 1.65% premium to the yield on ...
IBEC guarantees promote Russian-Uzbek trade
IBEC guarantees promote Russian-Uzbek trade
29.09.2020
International Bank for Economic Co-operation has supported the export of Russian industrial products to Uzbekistan. The guarantee in the amount of USD 5 million was issued in favor of CREDIT BANK OF MOSCOW (RF) on&n...
Business Discussions with the Deputy Prime Minister of Bulgaria
Business Discussions with the Deputy Prime Minister of Bulgaria
11.09.2020
IBEC delegation held a meeting with Ms. Mariyana Nikolova, Deputy Prime Minister of Bulgaria in charge of Economic and Demographic Policy and Minister of Tourism. Boyko Kotsev, member of the IBEC Board and former Ambassa...
IBEC supports export of Russian metallurgy to Uzbekistan
IBEC supports export of Russian metallurgy to Uzbekistan
02.09.2020
International Bank for Economic Co-operation takes part in the implementation of foreign trade contracts of the largest Russian exporter, Chelyabinsk Pipe Rolling Plant PJSC, providing for the supply of pipes of various nomen...
IBEC green investments
IBEC green investments
31.08.2020
International Bank for Economic Co-operation continues to implement its plans to support green economy and social and environmental infrastructure projects. The Bank took part in the placement of a green bond issue by th...
IBEC financial statements for the 1st half of 2020
IBEC financial statements for the 1st half of 2020
27.08.2020
International Bank for Economic Co-operation has disclosed interim financial results for the 1st half of 2020 in accordance with the international reporting standards with an auditor’s conclusion based on the results of ...
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