Background

IBEC supports export of Polish pharmaceuticals

International Bank for Economic Co-operation acted as a partner in the export program for the export of Polish pharmaceutical products. IBEC confirmed the standby letter of credit issued by Alfa-Bank CJSC, Belarus. The beneficiary of the transaction is the largest Polish company operating in the pharmaceutical field.

Alfa-Bank CJSC is a part of Alfa-Group - one of the largest private financial and industrial consortiums in the CIS, and ranks eighth among Belarusian banks in terms of assets and capital, and the second year in a row holds fourth place in the banking system of the Republic of Belarus in terms of the volume of issued letters of credit and guarantees with a market share of about 10%.

It can be affirmed that IBEC financial products are becoming more and more in demand in key European and international markets. This confirms their quality and reliability, and emphasizes the specialization of the bank as a settlement and financial partner among interregional development institutions.

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