Contacts News and media Investors
En

Cash management services

Background
Implementing one of the key objectives of the Bank's mission, IBEC provides a full range of services for the settlement and management of funds in the accounts of companies.
One of the unique features of IBEC that distinguishes it from other development banks is settlement and cash services and management of funds on accounts. Maintenance of settlements in various currencies, currency control services, conversion operations, placement of free funds in deposits and other services that ensure a high level of the company's activities.
Products
Opening and maintenance of accounts
IBEC provides a full range of services for opening and maintaining settlement accounts for companies in rubles and other currencies, as well as special pledge accounts. Making settlements with counterparties using non-cash money transfers.
More
E-banking system
E-banking system based on web technologies.
More
Currency control
Set of currency control services.
More
Fixed-term deposits
A simple and profitable tool for increasing your company's free funds.
More
Foreign exchange
Conversion operations for various currency pairs.
More
Found a suitable product?
If you are interested in our offer, please send an application or call us.
Send an application
Do you have any question about our products?
If you are still not sure which product to choose, please ask a question or call us.
Ask a question
Other products
Trade finance
Trade finance
Direct and syndicated financing
Direct and syndicated financing
Treasury operations
Treasury operations

News

ACRA affirms the highest rating of IBEC
ACRA affirms the highest rating of IBEC
16.09.2022
Analytical Credit Rating Agency (ACRA) affirms the credit rating of the International Bank for Economic Co-operation under the national scale for the Russian Federation – ‘AAA(RU)’, outlook Stable, and under the international scale – ‘A-‘, outlook Negative.
Trade finance in the construction industry
Trade finance in the construction industry
08.08.2022
The International Bank for Economic Co-operation has provided a trade related loan in the amount of EUR 982 thousand for a period of 6 months to the First Investment Bank JSC (Russia).
Information on public holidays in May
Information on public holidays in May
25.04.2022
Dear Clients and Partners!  We would like to inform you about the work schedule of IBEC in May 2022 due to the public holidays in Russia:  2nd, 3rd, 9th & 10th May 2022 are public holidays in Russia, IBEC will not operate on these days.
The Chairman of the IBEC Board held a working meeting with the Head of the Mongolian Delegation in the Bank’s Council
The Chairman of the IBEC Board held a working meeting with the Head of the Mongolian Delegation in the Bank’s Council
11.04.2022
The Chairman of the IBEC Board Denis Ivanov, with the participation of IBEC Board Member from Mongolia Tserenpurev Gotov, held a working meeting in the format of a teleconference with the Head of the Mongolian Delegation to the IBEC Council, HE the Minister of Finance and the Member of the Parliament of Mongolia Javkhlan Bold.
IBEC and VietinBank join forces to finance sustainable development
IBEC and VietinBank join forces to finance sustainable development
15.03.2022
The International Bank for Economic Co-operation and one of the largest Vietnamese financial institutions VietinBank (the controlling stake belongs to the State Bank of Vietnam) signed a Memorandum of Understanding. Taking into account the new post-COVID reality, the signing took place via video conference. In Moscow, the document was signed by the Chairman of the IBEC Board Mr. Denis Ivanov, in Hanoi – by the Head of the Investment Banking, Treasury and Markets Group , Mr. Nguyen Anh Tuan. The Memorandum is aimed at contributing to the achievement of the UN Sustainable Development Goals, primarily in the field of environmental protection and the development of a "green" economy, responsible consumption and production, and combating climate change.
IBEC promotes economic ties between Central Europe and Central Asia
IBEC promotes economic ties between Central Europe and Central Asia
11.03.2022
On March 10-11, 2022, a meeting of the Commission for Economic, Scientific and Technical Cooperation of the Republics of Slovakia and Kazakhstan, organized by the Ministry of Economy of Slovakia and the Ministry of Ecology and Natural Resources of Kazakhstan, was held in Bratislava. Representatives of the International Bank for Economic Co-operation, headed by Member of the Board – Head of the Business Unit – Peter Osvald have taken part in the work of the Commission via videoconference.
IBEC has developed and adopted a methodology for mapping projects with the Sustainable Development Goals
IBEC has developed and adopted a methodology for mapping projects with the Sustainable Development Goals
04.03.2022
The Board of the International Bank for Economic Co-operation has approved the criteria for the alignment of the Bank’s projects with the UN Sustainable Development Goals. The assessment of projects for alignment with the SDGs will be integrated into the decision-making processes on financing and investing in the bonds of corporations and financial institutions. All loan applications considered by IBEC will undergo an appropriate expertise.
IBEC announced financial results of 2021
IBEC announced financial results of 2021
21.02.2022
International Bank for Economic Co-operation has published its financial results for the year 2021 in accordance with the International Financial Reporting Standards and Ernst & Young auditor's report.
IBEC – affordable loans for Romanian farmers
IBEC – affordable loans for Romanian farmers
10.02.2022
The International Bank for Economic Co-operation has provided 15 million Romanian lei to the non-bank financial company Mikro Kapital IFN S.A., one of the leaders of the Romanian national microcredit market. The deal is in the form of a revolving line of credit for a period of one year with the possibility of prolongation for another year.
IBEC Chairman Denis Ivanov interview for BloombergTV Mongolia
IBEC Chairman Denis Ivanov interview for BloombergTV Mongolia
21.01.2022
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.
IBEC supports the development of the Vietnamese stock market
IBEC supports the development of the Vietnamese stock market
17.01.2022
The International Bank for Economic Co-operation participated in an international syndicated credit facility in favor of the Vietnamese financial company VNDIRECT Securities Corporation. The total volume of the syndicated loan amounted to USD 100 million up to 1 year tenor, the share of IBEC was USD 15 million. Ten banks from Taiwan, Hong Kong and Europe took part in the deal, with Cathay United Bank from Taiwan acting as sole Mandated Lead Arranger and Bookrunner (MLAB).
International Bank for Economic Co-operation promotes the development of transport and logistics infrastructure in Vietnam
International Bank for Economic Co-operation promotes the development of transport and logistics infrastructure in Vietnam
10.01.2022
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.
Trade finance with Expobank
Trade finance with Expobank
23.12.2021
The International Bank for Economic Co-operation and the Russian Expobank implemented another deal financing import-export operations. The total amount of the IBEC loan was EUR 5 million with a financing period of up to 6 months.
Slovak online media portal «Finančné noviny»: IBEC provides a guarantee to the Municipal Bank AD for the purchase of railway rails
Slovak online media portal «Finančné noviny»: IBEC provides a guarantee to the Municipal Bank AD for the purchase of railway rails
14.12.2021
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 137th meeting of the IBEC Council
The 137th meeting of the IBEC Council
07.12.2021
On December 3, 2021 a regular 137th meeting of the Council of the International Bank for Economic Co-operation took place. Like the previous several meetings of the Council, due to the ongoing pandemic situation, the meeting was held in the format of a videoconference.
IBEC delegation visited Uzbekistan
IBEC delegation visited Uzbekistan
06.12.2021
A delegation of the International Bank for Economic Co-operation visited the Republic of Uzbekistan. Representatives of the Bank took part in the II International Financial and Banking Forum of the CIS Member States and held a series of business consultations with Uzbek partners.
Slovak online media portal «Finančné noviny»: The International Bank for Economic Co-operation has received two awards from the British media portal Global Banking & Finance Review
Slovak online media portal «Finančné noviny»: The International Bank for Economic Co-operation has received two awards from the British media portal Global Banking & Finance Review
03.12.2021
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 lines and the quality of services provided.
IBEC finances Russian car leasing
IBEC finances Russian car leasing
02.12.2021
IBEC develops cooperation with the largest Russian auto leasing company Europlan. The Bank opened a credit line for over 2 billion rubles for a period of 3 years. Financing is provided within the framework of the agreement concluded between IBEC and Europlan in June this year on the sidelines of the St. Petersburg International Economic Forum. The funds will be used to expand leasing programs for Russian small and medium-sized businesses.
IBEC guarantees ensure Eastern European trade
IBEC guarantees ensure Eastern European trade
24.11.2021
The International Bank for Economic Co-operation is expanding interbank cooperation with the Bulgarian Municipal Bank AD by implementing the first trade finance deal aimed at supporting foreign trade between Bulgaria and Poland.
IBEC makes its contribution to the reduction of the carbon footprint in Romania
IBEC makes its contribution to the reduction of the carbon footprint in Romania
22.11.2021
IBEC took part in the placement of bonds of the Romanian company Autonom, specializing in car leasing, fleet management, short-term car rental. The Bank acquired more than 10% of the issue, becoming one of the key investors in the issued securities. The annual return is 4.11%.
IBEC attracts long-term financing from the UniCredit Group
IBEC attracts long-term financing from the UniCredit Group
03.11.2021
The International Bank for Economic Co-operation signed a loan agreement with a subsidiary of the UniCredit banking group in Russia – UniCredit Bank. UniCredit Bank will provide IBEC with unsecured financing for 3 years in the amount of EUR 10 million, which will be used to develop and expand IBEC loan and documentary portfolio.
IBEC – leader in the financial market of Eastern Europe
IBEC – leader in the financial market of Eastern Europe
01.11.2021
The International Bank for Economic Co-operation has received two awards from the British media portal Global Banking & Finance Review. IBEC became a winner the following nominations "Banking CEO of the Year Eastern Europe 2021" and "Best Trade Finance Bank Eastern Europe 2021".
Memorandum of Cooperation between IBEC and the Council of Slovak Exporters
Memorandum of Cooperation between IBEC and the Council of Slovak Exporters
26.10.2021
The International Bank for Economic Co-operation and the Council of Slovak Exporters signed a Memorandum of Cooperation. The document was signed by the Chairman of the IBEC Board Denis Ivanov and the Chairman of the Council of Slovak Exporters Lukas Parizek.
IBEC invests in food security
IBEC invests in food security
25.10.2021
The International Bank for Economic Co-operation will finance the construction of an advanced poultry production unit. The agreement with the Slovak BRANKO NITRA was signed by the Chairman of the IBEC Board Denis Ivanov. The Slovak company is one of the European leaders in the production of high-quality hatching turkey eggs with almost half a century of history, with partners in more than ten European countries.
ACRA confirms the highest rating for IBEC on the national scale
ACRA confirms the highest rating for IBEC on the national scale
18.10.2021
The Analytical Credit Rating Agency (ACRA) has affirmed the credit rating of the International Bank for Economic Co-operation (IBEC, Bank) on the international scale – A- and on the national scale for the Russian Federation – AAA(RU). The outlook on the affirmed ratings is Stable.
IBEC delegation visited the Embassy of the Socialist Republic of Vietnam in Moscow
IBEC delegation visited the Embassy of the Socialist Republic of Vietnam in Moscow
13.10.2021
The Chairman of the Board of the International Bank for Economic Co-operation Denis Ivanov and IBEC delegation including a member of the Board Ms. Thinh Thi Hong, Director of the Client Relations Department Alexandra Matveeva and Head of the Project Group of the International Fund for Technological Development at IBEC Vadim Kulikov visited the Embassy of the Socialist Republic of Vietnam in the Russian Federation and held a meeting with His Excellency Ambassador Extraordinary and Plenipotentiary Mr. Dang Minh Khoi, trade representative of Vietnam in the Russian Federation Mr. Duong Hoang Minh and representatives of the Embassy.
IBEC supports Polish COVID Response programme
IBEC supports Polish COVID Response programme
11.10.2021
The International Bank for Economic Co-operation has participated in primary placement of COVID-19 Response bonds of the Polish national development bank Bank Gospodarstwa Krajowego (BGK). It is one of the oldest European development institutions, founded in 1924.
Opportunities provided by IBEC for the Bulgarian SME Sector
Opportunities provided by IBEC for the Bulgarian SME Sector
04.10.2021
A delegation of the International Bank for Economic Co-operation, headed by a member of the Board Boyko Kotsev, took part in the international conference "Financial support for SMEs – SIMExpo 2021". The event, which took place in the capital of Bulgaria, Sofia, was organized by the Bulgarian Agency for the Support of Small and Medium Enterprises and the Bulgarian Chamber of Commerce and Industry with the support of the European Union. Among the participants were Bulgarian and European businessmen, representatives of Bulgarian and European business associations, representatives of key Bulgarian and European development institutions, including the EBRD, European Investment Fund, Bulgarian Development Bank, Bulgarian Investment Agency.
IBEC expanded its “Development portfolio”
IBEC expanded its “Development portfolio”
13.09.2021
The International Bank for Economic Co-operation has acquired green Eurobonds from Ceska Sporitelna, the largest bank in the Czech Republic. Securities with maturity of 7 years were issued in the amount of EUR 500 million. The coupon is 0.5%, the yield at the offering price is 0.52%. IBEC participation amounted to EUR 3.5 million.
Moody's changed the outlook on the IBEC rating to Positive
Moody's changed the outlook on the IBEC rating to Positive
06.09.2021
On September 3, 2021 Moody’s Investors Service (“Moody’s”) has changed the outlook on the International Bank for Economic Co-operation’s (IBEC) rating from Stable to Positive and has affirmed long-term foreign currency issuer rating at ‘Baa3’.
Bloomberg TV Bulgaria: The International Bank for Economic Co-operation places its debut bond issue at the BSE
Bloomberg TV Bulgaria: The International Bank for Economic Co-operation places its debut bond issue at the BSE
02.09.2021
Bloomberg TV Bulgaria: The International Bank for Economic Co-operation places its debut bond issue at the BSE Denis Ivanov, Chairman of the Board of the International Bank for Economic Co-operation, Business Start, 02.09.2021 Author: Mikhail Mitev.
Ring-The-Bell on the Bulgarian Stock Exchange
Ring-The-Bell on the Bulgarian Stock Exchange
01.09.2021
Today, September 1, in the building of the Bulgarian Stock Exchange in Sofia, an official ceremony "Ring-The-Bell" took place, marking the listing of the Bulgarian bonds issuance of the International Bank for Economic Co-operation (IBEC). Denis Ivanov, Chairman of the IBEC Board, gave a start to the stock exchange session by symbolically ringing the stock exchange bell together with the Deputy Minister of Finance of Bulgaria and the head of the Bulgarian delegation to the IBEC Council, Monika Dimitrova-Beecher, and Deputy Chairman of the Board of Directors of the Bulgarian Stock Exchange Vasil Golemanski.
The International Bank for Economic Co-operation places its first bond issue on the Bulgarian Stock Exchange
The International Bank for Economic Co-operation places its first bond issue on the Bulgarian Stock Exchange
01.09.2021
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.
IBEC financial statements for the 1st half of 2021
IBEC financial statements for the 1st half of 2021
24.08.2021
International Bank for Economic Co-operation has published its interim financial results for the 1st half of 2021 in accordance with the international reporting standards together with an auditor's report on review.
New partner in Mongolia - Transport and Development Bank
New partner in Mongolia - Transport and Development Bank
17.08.2021
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.
IBEC loan and documentary portfolio has exceeded EUR 500 million
IBEC loan and documentary portfolio has exceeded EUR 500 million
12.07.2021
The International Bank for Economic Co-operation has summed up the preliminary results of its work in the first half of 2021. This is the first reporting period when the Bank operated in the paradigm of the new medium-term development strategy. The document, approved by the IBEC Council at the end of 2020, is based on the principle of "growth for stability", and already now the Bank's results indicate the correct approaches to its implementation. An important event was the upgrade of IBEC rating by Fitch to BBB (with a stable outlook) in March 2021 . This July, against the background of strengthening financial stability, the Bank's loan and documentary portfolio has grown by 20%, and for the first time has exceeded the figure of EUR 500 million, reaching EUR 519 million.
New Development Bank and International Bank for Economic Co-operation establish framework for cooperation
New Development Bank and International Bank for Economic Co-operation establish framework for cooperation
08.07.2021
On June 28, 2021, the New Development Bank (NDB) and the International Bank for Economic Co-operation (IBEC) signed a Memorandum of Understanding to establish a framework for strategic, technical and operational cooperation in areas of mutual interest and promote the development of long-term relations between the two institutions. The Memorandum was signed by Mr. Marcos Troyjo, NDB President, Mr. Denis Ivanov, Chairman of the IBEC Board, and Ms. Thinh Thi Hong, Member of the IBEC Board.
IBEC supports lending to small business in Mongolia
IBEC supports lending to small business in Mongolia
28.06.2021
The International Bank for Economic Co-operation continues to support trade operations of the SME sector in its member countries. The bank has supported a loan deal between the Mongolian Golomt Bank and the Russian Moscow Credit Bank (MKB). Golomt Bank, one of the leaders in the Mongolian banking sector and a traditional partner of IBEC, raised funds from MKB to finance the trade operations of its clients including small and medium-sized enterprises.
IBEC Supports Eastern European Issuers
IBEC Supports Eastern European Issuers
23.06.2021
The International Bank for Economic Co-operation has replenished its treasury portfolio with securities from Central and Eastern Europe. The total volume of purchases amounted to EUR 30 million, of which 23 million are securities for IBEC's own portfolio. Investments have replenished the loan and investment portfolio and the “development portfolio” of IBEC.
IBEC develops cooperation with the Joint Institute for Nuclear Research
IBEC develops cooperation with the Joint Institute for Nuclear Research
08.06.2021
The International Bank for Economic Co-operation and the Joint Institute for Nuclear Research (JINR) have signed a Cooperation Agreement. Two international organizations, financial and scientific, have 8 common members – all the IBEC member countries are also members of JINR. Therefore, the development of a partnership naturally fits into the logic of serving the interests of participants. It is symbolic that the signing of the document took place within the framework of the 136th Council meeting of the International Bank for Economic Co-operation. Due to pandemic restrictions, the IBEC Council is once again held online, so JINR representative, the director of the Institute, Academician of the Russian Academy of Sciences Grigory Trubnikov, also signed the agreement via remote access.
Roundtable at the SPIEF: Development Banks in the Post-COVID Period
Roundtable at the SPIEF: Development Banks in the Post-COVID Period
07.06.2021
The roundtable "Multilateral Development Banks in the Post- COVID Period: Old Challenges and New Opportunities" was held within the framework of the St. Petersburg International Economic Forum. The event was held under the patronage of the Ministry of Finance of the Russian Federation, it was attended by representatives of international financial organizations, where Russia is a member state – the World Bank, the Eurasian Development Bank, the Black Sea Trade and Development Bank, the Asian Infrastructure Investment Bank, the largest national development institute VEB.RF, and the largest Russian banks. The International Bank for Economic Co-operation was represented by its Chairman of the Management Board, Denis Ivanov, who acted as one of the key speakers.
IBEC and Europlan will help small businesses with mobility
IBEC and Europlan will help small businesses with mobility
03.06.2021
Denis Ivanov, Chairman of the IBEC Board, and Alexander Mikhailov, General Director of Europlan Leasing Company, signed a Credit Agreement at the St. Petersburg International Economic Forum. In accordance with the document, the Bank will provide Europlan with 2 billion rubles for a period of up to 3 years. The funds will be used to lease vehicles to Russian small and medium-sized businesses.
IBEС participates in the development of the Elga coal deposit
IBEС participates in the development of the Elga coal deposit
03.06.2021
On the sidelines of the SPIEF, a new promising project was drawn up – IBEC and Metpromstroy signed an Agreement of Intent on the provision of a guarantee. The document was signed by the Chairman of the IBEC Board Denis Ivanov and the President of Metpromstroy LLC Andrey Deineko.
IBEC successfully placed debut bond issue in Bulgaria
IBEC successfully placed debut bond issue in Bulgaria
03.06.2021
The International Bank for Economic Co-operation opened its credit history on the European market. IBEC has successfully completed its debut BGN-denominated bond issuance on the Bulgarian capital market, raising a 3-year unsecured funding for BGN 68 million (approx. EUR 35 million). The issue has a coupon of 1.15% per annum and is due 2024; it is rated BBB by Fitch. The transaction, facilitated by the Joint Lead Managers and Bookrunners Raiffeisenbank (Bulgaria) EAD and UniCredit Bulbank AD, attracted interest from diverse institutional investors in Bulgaria - credit institutions, pension funds, and asset managers.
IBEC becomes a member of the Green Loan Program for SMEs in Mongolia
IBEC becomes a member of the Green Loan Program for SMEs in Mongolia
03.06.2021
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.
IBEC becomes a member of the Green Loan Program for SMEs in Mongolia
IBEC becomes a member of the Green Loan Program for SMEs in Mongolia
20.05.2021
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.
IBEC signed the Code of Conduct in the Russian financial market
IBEC signed the Code of Conduct in the Russian financial market
18.05.2021
The International Bank for Economic Co-operation has joined the Code of Conduct for stock market participants. The declaration of accession was signed by the Chairman of the Board Denis Ivanov and the member of the Board Thinh Thi Hong.
Supporting SMEs trade in Poland and Uzbekistan
Supporting SMEs trade in Poland and Uzbekistan
17.05.2021
The International Bank for Economic Co-operation financed trade operations between Poland and Uzbekistan for the first time. IBEC issued a targeted trade loan to Qishloq Qurilish Bank. Among the shareholders of this bank are the Ministry of Finance of Uzbekistan and the Fund for Reconstruction and Development of the Republic of Uzbekistan. The key areas of activity of Qishloq Qurilish Bank correspond to the profile of a development institution – among its tasks are support for small and medium-sized businesses and assistance in the development of social infrastructure.
ACRA confirms the highest rating for IBEC
ACRA confirms the highest rating for IBEC
27.04.2021
The Analytical Credit Rating Agency (ACRA) has affirmed the credit rating of the International Bank for Economic Co-operation on the international scale – A- and on the national scale for the Russian Federation – AAA (RU). The outlook on the affirmed ratings is Stable.
New banking solutions for international trade
New banking solutions for international trade
26.04.2021
The International Bank for Economic Co-operation presented a project of a blockchain platform for trade finance at the 41st Online Banking Conference of the Banking Association for Central and Eastern Europe (BACEE) "Lessons from the pandemic – how the banking sector prepares for the post-COVID period".
IBEC acted as an investor in the bond markets of Central and Eastern Europe
IBEC acted as an investor in the bond markets of Central and Eastern Europe
23.04.2021
The International Bank for Economic Co-operation has taken part in a series of primary market bond deals in Central and Eastern Europe. All bonds meet the criteria of the IBEC development portfolio. The total amount of investments exceeded EUR 37 million.
IBEC and the Joint Institute for Nuclear Research - horizons for cooperation
IBEC and the Joint Institute for Nuclear Research - horizons for cooperation
13.04.2021
A delegation of the International Bank for Economic Co-operation headed by the Chairman of the Board Denis Ivanov visited the Joint Institute for Nuclear Research (JINR) in the city of Dubna. During the visit, a meeting with JINR Director Grigory Trubnikov and leading employees of the Institute took place, after which the Bank's representatives were shown the progress of work on the implementation of the flagship project – the NICA complex.
Representatives of International Bank for Economic Co-operation visited JINR
Representatives of International Bank for Economic Co-operation visited JINR
12.04.2021
On 9 April, a delegation of the International Bank for Economic Cooperation (IBEC) headed by Chairman of the IBEC Board Denis Ivanov visited JINR. The IBEC delegation also included a Member of the Board from the Slovak Republic Peter Osvald, Director of the Customer Relations Department Alexandra Matveeva, CRD Director Evgeny Podzharov, and Director of the International Fund of Technological Development (IFTD) at IBEC Vadim Kulikov. During the visit, the IBEC representatives had a meeting with JINR leaders, as well as visited VBLHEP where they were acquainted with the implementation of the JINR flagship project “NICA Complex”.
First trade finance deal with HDBank
First trade finance deal with HDBank
09.04.2021
International Bank for Economic Co-operation has started cooperation in the field of trade finance with HOCHIMINH CITY DEVELOPMENT JOINT STOCK COMMERCIAL BANK (HDBank), Vietnam. This is a forfaiting operation to repurchase a letter of credit debt in the amount of USD 4.8 million for a term of 16 months. IBEC financing ensures the procurement of equipment for the construction of solar power plants in Vietnam.
IBEC has added Eastern European bonds to its
IBEC has added Eastern European bonds to its "Development portfolio"
05.04.2021
International Bank for Economic Co-operation has replenished its treasury portfolio with securities from Central European issuers. The bank took part in bond issues of the Slovak Všeobecná úverová banka (VÚB) and the Czech gas distribution company Czech Gas Networks Investments. Both issuers meet the criteria allowing their securities to be included in the “Development portfolio” of IBEC – their activities contribute to maintaining a stable social and economic infrastructure in the member countries of the Bank.
Day of Slovakia at IBEC
Day of Slovakia at IBEC
23.03.2021
Chairman of the IBEC Board Denis Ivanov met with Ambassador Extraordinary and Plenipotentiary of Slovakia to the Russian Federation Lubomir Regak. The head of IBEC informed the Ambassador about the results of the two-year period of updating the Bank’s business model, the results of activities in 2020, the positive dynamics of international ratings, the first steps to implement the Development Strategy for 2021–2025.
Fitch upgraded IBEC’s rating to ‘BBB’
Fitch upgraded IBEC’s rating to ‘BBB’
10.03.2021
Fitch Ratings-London has revised the ratings of International Bank for Economic Co-operation (IBEC). Long-Term Issuer Default Rating (IDR) was upgraded to ‘BBB’, with Stable outlook. IBEC Short-Term rating has been upgraded to ‘F2’. In the context of the global socio-economic crisis caused by the COVID-19 pandemic, ratings upgrades are extremely rare and atypical for the international financial organizations (IFO). IBEC is only the second IFO to be upgraded by Fitch rating agency since the beginning of 2020.
IBEC acted as a co-organizer of Rosagroleasing bond issue
IBEC acted as a co-organizer of Rosagroleasing bond issue
03.03.2021
International Bank for Economic Co-operation acted as a co-organizer of the bond issue of JSC Rosagroleasing, a Russian state-owned leasing company specializing in the development and modernization of the agro-industrial complex. The bonds are placed today, March 3rd, at the Moscow Exchange. The organizers of the placement were Russian Agricultural Bank, Sovcombank, FC Otkritie Bank, International Investment Bank.
IBEC summs up the financial results of 2020
IBEC summs up the financial results of 2020
24.02.2021
International Bank for Economic Co-operation has disclosed its 2020 financial results in accordance with the International Financial Reporting Standards and Ernst&Young auditor’s report.
IBEC develops cooperation with Bashkortostan
IBEC develops cooperation with Bashkortostan
08.02.2021
Denis Ivanov, Chairman of the Board of the International Bank for Economic Co-operation, took part in the opening ceremony of the Ufa International Airport new terminal and in the meeting dedicated to the development of air transportation in the Volga Federal District of the Russian Federation. As a result of the implementation of the project worth 3 billion rubles, the total area and capacity of the air terminal complex of domestic air lines has doubled, the engineering and logistics infrastructure has been updated.
IBEC supports the export of Russian wheat
IBEC supports the export of Russian wheat
26.01.2021
International Bank for Economic Co-operation takes part in the financing of Russian wheat export. IBEC has issued a reimbursement undertaking in the amount of EUR 7.2 million for a period of more than a year as security for a letter of credit from the Trade and Development Bank of Mongolia.
IBEC takes on the role of investor in the bonds of the Council of Europe Development Bank
IBEC takes on the role of investor in the bonds of the Council of Europe Development Bank
19.01.2021
International Bank for Economic Co-operation took part in the IPO of the 10-year bonds of the Council of  Europe Development Bank.
IBEC financed the development of Russian aviation
IBEC financed the development of Russian aviation
14.01.2021
International Bank for Economic Co-operation provided a long-term loan to the Russian State Transport Leasing Company (GTLK) in the amount of 480 million rubles. At the expense of the IBEC financial resources, three localized aircrafts of the Czech brand L-410 were purchased and subsequently transferred into operation. This light aircraft is manufactured at the Ural Civil Aviation Plant in Russia.
Start of partnership with PJSB Trustbank
Start of partnership with PJSB Trustbank
29.12.2020
International Bank for Economic Co-operation continues to expand its partner network in the Asian region. The first deal with PJSB Trustbank from Uzbekistan was completed — IBEC issued a reimbursement undertaking under a letter of credit issued by Trustbank in the amount of USD 1 million.
Capitron Bank – new IBEC partner in Mongolia
Capitron Bank – new IBEC partner in Mongolia
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 the basis of a specialized platform for the meetings of collegial bodies. The only way to conduct it in a pandemic allows us to say that the Council was held simultaneously in all capitals of the IBEC member countries. The new format of the Council, to some extent, contributed to a more lively and intense dialogue, making it possible to connect to the event for many of the extremely busy heads of delegations, who are the leaders of the financial institutions of the member countries, and allowed them not to be distracted by organizational issues. Moreover, the agenda contained both traditional issues of annual performance results and a number of key topics on the further development of the Bank.
Denis Ivanov, Chairman of the Board of the International Bank for Economic Co-operation, gave an interview to the
Denis Ivanov, Chairman of the Board of the International Bank for Economic Co-operation, gave an interview to the "Eurasian Financial and Economic Herald"
12.12.2020
Denis Ivanov, Chairman of the Board of the International Bank for Economic Co-operation, gave an interview to the «Eurasian Financial and Economic Herald», in which he highlighted the peculiarities of IBEC’s activities during the pandemic and gave his assessment of the current trends in the world economy.
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 million. The issue meets the highest requirements for this type of instrument, formulated in the International Capital Markets Association (ICMA) - Green Bond Principles. The Issuer guarantees that the funds raised will be used to finance energy efficient projects in industry, agribusiness, housing, communal services and other sectors.
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 issued in favor of one of the leading European banks within the framework of the implementation of a foreign trade contract for the supply of specialized construction and loading equipment to Mongolia — mobile cranes.
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 unique state of matter — quark-gluon plasma.
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 Entrepreneurs and the Eurasian Economic Commission. Taking into account the epidemiological situation, the forum was held in the videoconference mode, which, however, had its advantages – the participants could quickly "move" between the three industry panel discussions, without missing interesting topics and speakers.
The CCI of Russia and the Bulgarian Chamber of Commerce demonstrated the investment potential of Bulgaria
The CCI of Russia and the Bulgarian Chamber of Commerce demonstrated the investment potential of Bulgaria
01.12.2020
On November 18, the presentation of the investment potential of Bulgaria, organized by the CCI of Russia and the Bulgarian CCI took place online.
The VII Moscow International Financial and Economic Forum was held on 27 November, 2020
The VII Moscow International Financial and Economic Forum was held on 27 November, 2020
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 Entrepreneurs and the Eurasian Economic Commission.
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 produced by the Chelyabinsk Pipe Plant.
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 secondary market from an international financial institution. The transaction amount is USD 2.5 million, for a period of 4 months.
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 business circles.
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, Russian and European financial institutions also took part in the transaction. IBEC financing is aimed at supporting the export of goods, works and services from the IBEC member countries – Russia, the Czech Republic and Poland – to Uzbekistan.
ACRA confirms the highest rating of IBEC on the national scale
ACRA confirms the highest rating of IBEC on the national scale
10.11.2020
The Analytical Credit Rating Agency (ACRA) has affirmed to the International Bank for Economic Co-operation its credit rating A- under the international scale and AAA (RU) under the national scale for the Russian Federation. The outlook for the affirmed ratings is Stable.
IBEC - new strategy and sustainable development
IBEC - new strategy and sustainable development
22.10.2020
On the 57th Bank’s anniversary, Chairman of the Board Denis Ivanov speaks about the results achieved and plans for the next 5 years
IBEC opens a credit line for leasing Russian aircraft
IBEC opens a credit line for leasing Russian aircraft
19.10.2020
International Bank for Economic Co-operation will provide financing to the Russian State Transport Leasing Company (STLC) in the amount of 1.5 billion rubles. This agreement was signed by Mikhail Poluboyarinov, CEO of GTLK, and Denis Ivanov, Chairman of the IBEC Management Board.
New deals with Golomt Bank of Mongolia
New deals with Golomt Bank of Mongolia
12.10.2020
In August and September International Bank for Economic Co-operation in partnership with Golomt Bank of Mongolia implemented a series of transactions for financial and non-financial support of Mongolia’s foreign trade.
International Bank for Economic Co-operation joins SWIFT GPI
International Bank for Economic Co-operation joins SWIFT GPI
07.10.2020
International Bank for Economic Co-operation has joined SWIFT GPI (Global Payment Innovation).
IBEC invests in green bonds of Russian Railways
IBEC invests in green bonds of Russian Railways
01.10.2020
International Bank for Economic Co-operation takes part in a subscription to new "green" bonds of the Russian Railways. The yield on securities at the time of the placement is 7.25% per annum, which corresponds to a 1.65% premium to the yield on Russian federal loan bonds (OFZs). This is the largest environmental bond placement on the Russian market. Great interest from investors allowed the issuer to increase the volume five times - from 20 to 100 billion rubles. The issue was recognized by the Expert RA rating agency as complying with the Green Bond Principles of the International Capital Market Association (ICMA) and the Russian national methodology developed under the supervision of VEB.RF. The funds raised will be used to finance environmental projects of Russian Railways. “The environmental agenda is one of the important priorities in the new IBEC strategy, and therefore new Russian Railways bonds with the high quality of the issuer and the green focus of investments, have taken their place in the “development portfolio” of our Bank,” said Chairman of the IBEC Board Denis Ivanov.
IBEC guarantees promote Russian-Uzbek trade
IBEC guarantees promote Russian-Uzbek trade
29.09.2020
International Bank for Economic Co-operation has supported the export of Russian industrial products to Uzbekistan. The guarantee in the amount of USD 5 million was issued in favor of CREDIT BANK OF MOSCOW (RF) on behalf of Agrobank (Uzbekistan) as a security for a loan provided to finance foreign trade contracts.
Business Discussions with the Deputy Prime Minister of Bulgaria
Business Discussions with the Deputy Prime Minister of Bulgaria
11.09.2020
IBEC delegation held a meeting with Ms. Mariyana Nikolova, Deputy Prime Minister of Bulgaria in charge of Economic and Demographic Policy and Minister of Tourism. Boyko Kotsev, member of the IBEC Board and former Ambassador of Bulgaria to Russia, provided information on the Bank’s financial support for Bulgarian oil and gas, pharmaceutical, telecommunications and insurance sectors, as well as financing of Bulgarian exports.
IBEC supports export of Russian metallurgy to Uzbekistan
IBEC supports export of Russian metallurgy to Uzbekistan
02.09.2020
International Bank for Economic Co-operation takes part in the implementation of foreign trade contracts of the largest Russian exporter, Chelyabinsk Pipe Rolling Plant PJSC, providing for the supply of pipes of various nomenclatures from Russia to Uzbekistan. IBEC confirmed several letters of credit from Uzpromstroybank for a total amount of almost USD 2 million for up to 5 months.
IBEC green investments
IBEC green investments
31.08.2020
International Bank for Economic Co-operation continues to implement its plans to support green economy and social and environmental infrastructure projects. The Bank took part in the placement of a green bond issue by the Romanian group Globalworth. Against the background of the high interest from investors — the total volume of applications exceeded the 400 million issue by 2.5 times — IBEC purchased securities in the total amount of EUR 7 million. Bonds maturing in 2026 were placed with a yield of 3.4% per annum.
IBEC financial statements for the 1st half of 2020
IBEC financial statements for the 1st half of 2020
27.08.2020
International Bank for Economic Co-operation has disclosed interim financial results for the 1st half of 2020 in accordance with the international reporting standards with an auditor’s conclusion based on the results of the review.
IBEC finances trade relations between Russia and Armenia
IBEC finances trade relations between Russia and Armenia
25.08.2020
International Bank for Economic Co-operation continues to provide financial support to the development of foreign trade operations with the CIS states. Together with «Ardshinbank» CJSC (Armenia), IBEC finances two contracts for the supply of agricultural products from Armenia to Russia. Trade loans totaling EUR 4.5 million were issued for a period of up to 1 year and once again confirm the demand and effectiveness of trade finance products offered by IBEC.
IBEC supports the development of the insurance business in the markets of its member states
IBEC supports the development of the insurance business in the markets of its member states
12.08.2020
International Bank for Economic Co-operation has signed a loan agreement with the largest Bulgarian private holding company Eurohold, whose interests are focused on insurance, leasing, and financial services. A credit line with a total limit of EUR 20 million is provided for up to 2 years for the development of insurance business in the member countries of the Bank.
IBEC documentary instruments for Mongolia's foreign trade
IBEC documentary instruments for Mongolia's foreign trade
03.08.2020
International Bank for Economic Co-operation has completed trade finance deals with one of its committed partners — Golomt Bank (Mongolia). IBEC issued reimbursement obligations totaling USD 3.5 million.
IBEC and SHB – sustainable and mutually beneficial partnership
IBEC and SHB – sustainable and mutually beneficial partnership
28.07.2020
International Bank for Economic Co-operation continues active expansion of its trade finance portfolio. Vietnam is one of the important markets where such operations are especially in demand this year.
IBEC supports export of the Czech Republic
IBEC supports export of the Czech Republic
14.07.2020
Международный банк экономического сотрудничества предоставил средства для финансирования сделки по поставке энергетического оборудования из Чехии в Республику Беларусь. В частности были выданы целевые торговые кредиты на общую сумму порядка 1 млн евро сроком до 6 месяцев банку покупателя — одному из крупнейших и стабильных партнеров МБЭС среди финансовых институтов Республики Беларусь.
International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
International and national development institutes join efforts to support the economies of Russia and Mongolia: IBEC has funded the development of Mongolia's railway infrastructure by attracting tied funding from Roseximbank JSC
06.07.2020
International Bank for Economic Co-operation has provided a targeted loan to the Ulaanbataar Railway (UBTZ) for the purchase of locomotives produced by the Russian Transmashholding JSC. Tied financing for a period of 11 years from Roseximbank JSC with the insurance coverage by EXIAR, successfully attracted in June 2020, allowed the Bank to implement the transaction with the maximum efficiency.
Fitch Ratings confirms Positive Outlook on International Bank for Economic Co-operation
Fitch Ratings confirms Positive Outlook on International Bank for Economic Co-operation
22.06.2020
International rating agency Fitch Ratings has confirmed positive outlook on the rating of the International Bank for Economic Co-operation in the context of the ongoing global crisis caused by the COVID-19 pandemic. On March 11, 2020 Fitch Ratings has revised the Outlook on IBEC, namely: Long-Term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at «BBB-». IBEC’s Short-Term IDR has been affirmed at «F3».
International Bank for Economic Cooperation places second ruble bond issue
International Bank for Economic Cooperation places second ruble bond issue
17.06.2020
On June 15, 2020, IBEC successfully placed second bond issue on the Moscow Exchange (series 001R-02). Investors reacted positively — the issue with a total nominal value of 5 billion rubles was fully subscribed.
IBEC supports the medical industry in Bulgaria
IBEC supports the medical industry in Bulgaria
15.06.2020
International Bank for Economic Co-operation has opened a credit line to the Bulgarian Doverie United Holding, which is part of the Sopharma AD group. The amount of financing is EUR 5 million, the funds will be allocated for the implementation of ongoing projects of the holding enterprises.
Wide geography of IBEC trade financing
Wide geography of IBEC trade financing
10.06.2020
International Bank for Economic Cooperation has funded two more letters of credit for foreign trade contracts for the supply of polypropylene from Vietnam. The total amount is USD 3.5 million. Transactions are carried out in cooperation with the IBEC’s permanent and largest partner in the Vietnamese market — Saigon-Hanoi Commercial Joint Stock Bank (SHB).
IBEC is developing business in Hungary
IBEC is developing business in Hungary
10.06.2020
International Bank for Economic Co-operation has carried out settlements for the supply of an indirect cooling system for a combined heat and power generation plant from Hungary to Russia. The cooling equipment is designed and manufactured by the leading European manufacturer Enexio Hungary Zrt. and contributes as a key component to the construction of a strategic infrastructure facility in the Russian Federation.
New deals with Golomt Bank
New deals with Golomt Bank
09.06.2020
International Bank for Economic Co-operation continues to develop active interbank cooperation with Golomt Bank, one of the leading financial institutions in Mongolia. Banks have implemented three trade finance transactions totaling USD 2,2 million.
© 2022 IBEC Cookies Policy Privacy Policy Personal Data Processing Policy Site Map
© 2022 IBEC
Website developed by ITECH.group