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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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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 finances trade relations between Russia and Armenia
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 ...
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