Media about IBEC

The International Bank for Economic Co-operation (IBEC) is expanding interbank cooperation with the Bulgarian bank Municipal Bank AD. The partners are implementing the first trade finance transaction aimed at promoting foreign trade between Bulgaria and Poland. Guarantee of 2 mil. EUR provided to IBEC to ensure compliance with the Bulgarian buyer's payment obligations to the Polish supplier under the rail supply contract. The participation of the IBEC thus contributes to the expansion and strengthening of business relations between the two member countries of the Bank.

The International Bank for Economic Co-operation (IBEC) is a multilateral development bank whose purpose is to support the development of the economies of the Bank's member countries, foreign economic relations between business entities of member countries, as well as expanding their foreign trade relations with counterparties from other countries. IBEC became the winner in the nominations  "Banking CEO of the Year Eastern Europe 2021" and "Best Trade Finance Bank Eastern Europe 2021". The Global Banking & Finance Review Award has been given since 2011 and aims to highlight best business practices in the financial sector. IBEC, which at the end of last year embarked on the implementation of the new Development Strategy for the years 2021 - 2025, is constantly increasing the volume of operations, developing product line...

Monika Dimitrova-Beecher, Deputy Minister of Finance, Vasil Golemanski, Deputy Chairman of the Board of Directors of the BSE and Denis Ivanov, Chairman of the IBEC Board gave a start to the stock exchange session.

The International Bank for Economic Co-operation has supported the Green Loan Program of the Trade and Development Bank of Mongolia (TDBM) for small and medium-sized enterprises in Mongolia. IBEC has provided loan in the amount of USD 10 million for a period of up to 3 years. The total green financing volume under the GLP program is USD 50 million and is formed both from TDBM funds and with the support of a number of other banks, including international development institutions. The full implementation period of the Program is 5 years.