Slovak online media portal «Finančné noviny»: IBEC provides a guarantee to the Municipal Bank AD for the purchase of railway rails

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.

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