Key projects

In an interview for BloombergTV Mongolia, Denis Ivanov talked about IBEC activities in Mongolia, the key projects, including participation in TDBM Green Loan Program, and IBEC priorities in accordance with its country strategy for Mongolia.

The International Bank for Economic Co-operation has granted a long-term credit facility to HATECO Logistics (Vietnam) in the amount of EUR 20 million. The funds will be used for the construction and development of logistics infrastructure in northern Vietnam. This is the first transaction implying direct financing of a corporate client in Vietnam in the IBEC new history.

The International Bank for Economic Co-operation provided USD 25 million to Russian Sovcombank under a two-year syndicated loan, acting as an authorized lead arranger. The total funding comprised USD 590 million, more than double the originally announced USD 250 million. Together with IBEC, the largest Russian and international financial institutions acted as creditors, including ING Bank (Eurasia), Alfa-Bank, Rosbank, UniCredit Bank, Eurasian Development Bank, Zenit Bank, CITIBANK, CREDIT SUISSE, Intesa Bank, Raiffeisenbank, SBERBANK EUROPE AG.