IBEC continues to support the real sector of the Russian economy

In December 2022, IBEC provided trade related facility to a new client, the Polyplast Group of Companies, in a total amount of up to 1 billion rubles.

Polyplast is Russia's largest manufacturer of industrial chemical products: high-tech modifying, functional, technological components and additives for key industries. The products of the companies can significantly improve the properties of building materials, paints and varnishes, metal products, detergents and are used, among other things, for the construction of the most important infrastructure projects in the Russian Federation, implemented in severe weather conditions, for the production of building mixtures, adhesives. By decision of the Ministry of Industry and Trade of the Russian Federation, the Polyplast Group of Companies is included in the list of systemically important companies of the Russian Federation.

IBEC's borrowers are the Group's three main plants located in the Sverdlovsk, Tula and Leningrad regions. The term of the line is 24 months, the term of tranches is up to 12 months. IBEC lending is aimed at facilitating the trading activities of factories, developing export supplies, and, taking into account the purpose of the products produced, at ensuring rational consumption and production patterns.

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