ClientBelarusky Narodny Bank
VolumeEUR 0.4 mln
Field of activityPharma
- IBEC issued a payment guarantee under 100% counter-guarantee of the Open Joint Stock Company “Belarusian Narodny Bank”. The term - one year, transaction amount - EUR 0.4 million. The operation is aimed at financing the export of pharmaceutical and cosmetic products from Poland to Belarus.
The first guarantee transaction with the Republic of Belarus
International Bank for Economic Co-operation is expanding the range of trade finance instruments with partners from the Republic of Belarus, using efficient and customer-friendly transaction schemes. The Bank issued a payment guarantee under 100% coverage by the counter-guarantee of the Belarusky Narodny Bank. Guarantee period — one year, transaction amount — 0.4 million euro.