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IBEC develops relations with Armenia

20
Dec
2019

International Bank for Economic Co-operation and Ardshinbank (Armenia) have provided financing under a foreign trade contract for the supply of consumer goods from Russia to Armenia. Funds in the amount of 0.6 million euros were allocated for six months.

This is the second transaction between the two banks since the General Agreement on Cooperation has been signed. In the process of its preparation, banks have worked out cooperation mechanisms for further joint operations. Armenia becomes another CIS country after the Republic of Belarus, where the trade finance instruments offered by IBEC are in demand. Given the historically established economic ties with the respective member states of the Bank, and above all with Russia, support for the development of foreign trade and economic relations with Armenia will become more and more relevant among the Bank's customers.

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IBEC finances trade relations between Russia and Armenia
25.08.2020
International Bank for Economic Co-operation continues to provide financial support to the development of foreign trade operations with the CIS states. Together with «Ardshinbank» CJSC (Armenia), IBEC finances two contracts...
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....
IBEC and SHB – sustainable and mutually beneficial partnership
IBEC and SHB – sustainable and mutually beneficial partnership
28.07.2020
International Bank for Economic Co-operation continues active expansion of its trade finance portfolio. Vietnam is one of the important markets where such operations are especially in demand this year.
IBEC supports export of the Czech Republic
IBEC supports export of the Czech Republic
14.07.2020
Международный банк экономического сотрудничества предоставил средства для финансирования сделки по поставке энергетического обор...
International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
06.07.2020
International Bank for Economic Co-operation has provided a targeted loan to the Ulaanbataar Railway (UBTZ) for the purchase of locomotives produced by the Russian Transmashholding JSC. Tied financing for a period of 11 ...
Fitch Ratings confirms Positive Outlook on International Bank for Economic Co-operation
Fitch Ratings confirms Positive Outlook on International Bank for Economic Co-operation
22.06.2020
International rating agency Fitch Ratings has confirmed positive outlook on the rating of the International Bank for Economic Co-operation in the context of the ongoing global crisis caused by the COVID-19 pandemic. On M...
International Bank for Economic Cooperation places second ruble bond issue
International Bank for Economic Cooperation places second ruble bond issue
17.06.2020
On June 15, 2020, IBEC successfully placed second bond issue on the Moscow Exchange (series 001R-02). Investors reacted positively — the issue with a total nominal value of 5 billion rubles was fully subscribed....
IBEC supports the medical industry in Bulgaria
IBEC supports the medical industry in Bulgaria
15.06.2020
International Bank for Economic Co-operation has opened a credit line to the Bulgarian Doverie United Holding, which is part of the Sopharma AD group. The amount of financing is EUR 5 million, the funds will be ...
Wide geography of IBEC trade financing
Wide geography of IBEC trade financing
10.06.2020
International Bank for Economic Cooperation has funded two more letters of credit for foreign trade contracts for the supply of polypropylene from Vietnam. The total amount is USD 3.5 million. Transactions are carried out in coope...
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