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The International Bank for Economic Co-operation actively develops factoring operations for its customers. Together with the National Factoring Company, one of the leaders of the Russian market in this area, another transaction was financed – the implementation of a contract for the supply of rolled steel from the Russian Federation to Lithuania for the production of polymer-coated materials. High-tech products are actively used in construction, engineering and shipbuilding, and agriculture.
Along with increasing portfolio of factoring operations, IBEC supports the foreign economic activity of small and medium-sized enterprises within the framework of this transaction. Another operation in partnership with the NFC gives evidence of the high demand for factoring services and witnesses the mutually beneficial partnership between the two financial institutions.
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