News

Banking Association for Central and Eastern Europe (BACEE) emphasized long-term partnership with International Bank for Economic Cooperation by the honorary diploma BACEE Award for International Partnership. Award presentation took place on the sidelines of the traditional 38th BACEE Banking Conference in Budapest in the first decade of May.

During the visit of UNCTAD delegation to Moscow, a meeting was held between UNCTAD Secretary General Mr. Mukhisa Kituyi and the Chairman of the Board of the International Bank for Economic Co-operation (IBEC) Mr. Denis Ivanov. Representatives of the Ministry of Economic Development of the Russian Federation, as the party that hosted the UNCTAD delegation, also took part in the meeting.

International Bank for Economic Co-operation carried out new trade finance operations for the total amount equivalent to USD 1 million and all-in tenor from 2 up to 12 months, including deals aimed at support of foreign trade between IBEC member states. Trade related loans were provided based on the Master Financing Agreement between IBEC and Golomt Bank (Mongolia).

International Bank for Economic Co-operation conducted another trade finance operation all-in tenor of 2 years by means of post-financing under import letter of credit issued by JSC Belagroprombank (Republic of Belarus).