The International Bank for Economic Co-operation continues to support Mongolia's export-import operations through its trade finance operations. In cooperation with the Trade and Development Bank (TDB), IBEC financed the import of freight wagons.
The International Bank for Economic Co-operation provided Transport and Development Bank (TransBank), a major Mongolian commercial bank, with a trade-related loan of CNY 9.5 million for one year.
On February 16, 2023, IBEC Board Member Mr. Boyko Kotsev and Chief Specialist of the IBEC Legal Department I. Gordyushkin held a meeting with students of the Russian Foreign Trade Academy of the Ministry of Economic Development of the Russian Federation (Academy).
At the end of October 2022, the International Bank for Economic Co-operation (IBEC) signed a General Financing Agreement with Armswissbank CJSC, a new partner of IBEC in Armenia. As part of the agreement, in December 2022, IBEC provided Armswissbank with a trade related loan in the amount of 29 million rubles for up to three months. The funds received will be used to finance contracts for the supply of food products from Armenia to the Russian Federation.