News

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 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%.

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.

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".