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Capitron Bank – new IBEC partner in Mongolia

21
Dec
2020

International Bank for Economic Co-operation has completed the first trade finance deal with Mongolian Capitron Bank. IBEC provided a targeted trade loan for a period of 1 year to finance the supply of Russian food products to the Mongolian market. In a pandemic and tightening quarantine measures in Mongolia, this operation contributes to ensuring socio-economic stability.

This is the first practical step in the implementation of the General Agreement between the two banks, signed in November this year. Other similar deals are currently under consideration. IBEC and Capitron Bank see prospects for further development of cooperation, in particular in the trade finance sector using a wide range of available instruments.

Capitron Bank is a new IBEC partner in Mongolia. One of the most dynamically developing financial institutions in Mongolia (6th in terms of assets) has more than 40 branches and focuses on working with small and medium-sized businesses.

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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 ...
IBEC supports the development of the insurance business in the markets of its member states
IBEC supports the development of the insurance business in the markets of its member states
12.08.2020
International Bank for Economic Co-operation has signed a loan agreement with the largest Bulgarian private holding company Eurohold, whose interests are focused on insurance, leasing, and financial services. A credit line with a ...
IBEC documentary instruments for Mongolia's foreign trade
IBEC documentary instruments for Mongolia's foreign trade
03.08.2020
International Bank for Economic Co-operation has completed trade finance deals with one of its committed partners — Golomt Bank (Mongolia). IBEC issued reimbursement obligations totaling USD 3.5 million....
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