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New partner in Mongolia - Transport and Development Bank

17
Aug
2021

In July 2021, the International Bank for Economic Co-operation and Mongolian Transport and Development Bank signed a General Agreement on the implementation of trade finance transactions in order to develop partnerships and joint support for export-import operations of Mongolian companies.

Within the framework of the agreement with Transport and Development Bank, a number of trade finance transactions totaling USD 3.3 million has already been implemented through the provision of targeted trade loans for up to 1 year. In particular, IBEC provided financing for import contracts for the supply of special trucks from Australia and petrochemical products from Singapore to Mongolia.

A new partner bank contributing to the expansion of the Mongolian counterparties is another evidence of the importance of the Mongolian direction for the IBEC, which implements a number of large-scale infrastructure and socially important projects in the country, including in the field of green finance and actively supports the SME sector by working with leading national financial institutions.

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21.12.2020
International Bank for Economic Co-operation has completed the first trade finance deal with Mongolian Capitron Bank.
IBEC – growth for stability. Bank’s Council approved a new development strategy for 2021-2025
IBEC – growth for stability. Bank’s Council approved a new development strategy for 2021-2025
15.12.2020
The 135th Meeting of the Council of the International Bank for Economic Co-operation was held on December 8. For the first time in the Bank’s history, the meeting was held in a unique videoconference format on&nbs...
IBEC participates in a new green bonds issuance
IBEC participates in a new green bonds issuance
10.12.2020
International Bank for Economic Co-operation acted as a co-underwriter for the issue of green bonds of the Russian Center-Invest Bank. The securities were placed in the sustainable development sector of the Moscow Exchange in the amount of RUB 300 mi...
Trade finance deal with Trade and Development Bank of Mongolia
Trade finance deal with Trade and Development Bank of Mongolia
09.12.2020
International Bank for Economic Co-operation has implemented the first documentary trade finance transaction (irrevocable reimbursement obligation issuance) with the Trade and Development Bank of Mongolia (TDBM). The reimbursement obligation was...
A unique scientific complex is launched with the support from IBEC
A unique scientific complex is launched with the support from IBEC
07.12.2020
The Joint Institute for Nuclear Research in Dubna has commissioned the first stage of the NICA complex. This is a superconducting accelerator that has no analogues in the world, which allows one to obtain a uni...
IBEC Chairman takes part in the Forum of Euro-Asian Cooperation
IBEC Chairman takes part in the Forum of Euro-Asian Cooperation
01.12.2020
The Financial and Business Association of Euro-Asian Cooperation held the 7th annual forum "Greater Eurasia in Search of New Forms and Directions of Cooperation".The event was held with the support of the Russian Union of Industrialists and Entrep...
Support for Russian metallurgical exports
Support for Russian metallurgical exports
30.11.2020
International Bank for Economic Cooperation continues its policy of supporting the export potential of the participating countries. The Bank completed transactions to ensure the supply of Russian metallurgical products to Uzbekistan – steel pipes p...
IBEC opened a portfolio of forfaiting transactions
IBEC opened a portfolio of forfaiting transactions
27.11.2020
International Bank for Economic Co-operation is expanding its range of trade finance instruments. The first forfaiting deal is implemented — IBEC bought out the obligations of the Vietnamese SHB Bank in the seconda...
IBEC takes part in the presentation of the Bulgaria investment potential
IBEC takes part in the presentation of the Bulgaria investment potential
20.11.2020
On November 18, the Russian and Bulgarian chambers of commerce and industry held a conference dedicated to the investment prospects of the Bulgarian economy, opportunities for cooperation between Russian and Bulgarian busines...
Syndicated loan for the Uzbek Xalq Bank
Syndicated loan for the Uzbek Xalq Bank
19.11.2020
International Bank for Economic Co-operation took part in a syndicated loan for Xalq Bank (State Commercial People’s Bank). The subscription, organized by Deutsche Bank AG, raised USD 102.5 million for a period of 13 months. Together with IBEC, Rus...
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