News

At the end of November, the 134th meeting of the Council, the highest governing body of IBEC, was held in Vietnam. Ms. Nguyen Thi Hong, Vice-governor of the State Bank of Vietnam opened the Council meeting with welcome speech. During the meeting, key issues of the bank’s development were considered. First of all, the implementation of the updated strategy of the bank was analyzed and approved, preliminary results of the 2019 were summed up. According to the results of 10 months, the Bank’s loan and documentary portfolio for the first time exceeded 300 million euros, and the bank’s assets exceeded the mark of 500 million euros.

In Hanoi, the capital of the Republic of Vietnam, the business forum «Enhancing Trade Cooperation of Vietnam with CEE and Eurasia» was held by the International Bank for Economic Co-operation co-organized by the State Bank of Vietnam.

Prior to the IBEC «Vietnamese» week, which opens on November 27 with the business forum «Enhancing trade cooperation of Vietnam with CEE and Eurasia», the Chairman of the Bank’s Board Denis Ivanov met with the leaders of the economic bloc of the Republic of Vietnam.

International Bank for Economic Co-operation signed a loan agreement with Austrian Raiffeisen Bank International AG (RBI). RBI will provide IBEC with 10 million euros for a period of 2 years. The funds will be used in the key IBEC business profiles in accordance with the Bank’s updated development strategy. First of all, to increase trade finance operations, which is now one of the priorities and successful business lines and almost completely covers the geography of IBEC presence.