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IBEC credit ratings confirmed by ACRA

12
Aug
2024
Analytical Credit Rating Agency (ACRA) affirms 'BBB+' to International Bank for Economic Co-operation, Outlook Stable, under the international scale, 'AAA(RU)', Outlook Stable, under the national scale for the Russian Federation and 'AAA(RU)' to IBEC bond issues 001P-02 (RU000A101RJ7) and 002Р-03 (RU000A108Q03).

The credit rating of the International Bank for Economic Co-operation is based on the assessments of rating factors, including the new Strategy of the Bank, approved by the IBEC Council in May 2024, strong capital adequacy and an adequate assessment of funding and liquidity.

The high level of capital adequacy allows the Bank to withstand potential risks of significant deterioration of asset quality. The gradual increase in the Bank's business volumes in the future may lead to a decrease in capital adequacy, but the Agency expects this indicator to remain strong in the medium term.

In 2023, the Bank's total assets grew mainly due to interbank trade finance loans and investments in securities. At the same time, the average quality of assets remains quite high, while the share of debt overdue by more than 90 days is low.

Under the new Strategy, the Bank plans to develop international supply chains in accordance with the needs of member countries, providing a full range of trade support tools to the corporate sector and financial institutions. The IBEC target business model defines foreign trade operations between Vietnam, Mongolia and Russia as the Bank's main strategic priority. South and East Asia, which is a priority area for all IBEC member countries, is seen as the most promising region for further business development.

IBEC has the following credit ratings:
• ‘ААА(RU)’/‘ВВВ+’ from ACRA with a stable outlook (09/08/2024)
• ‘ААА’ from CCXI with a stable outlook (04/07/2024)

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10.11.2020
The Analytical Credit Rating Agency (ACRA) has affirmed to the International Bank for Economic Co-operation its credit rating A- under the international scale and AAA (RU) under the national scale for the Russian Federation. The outlook for t...
IBEC - new strategy and sustainable development
IBEC - new strategy and sustainable development
22.10.2020
On the 57th Bank’s anniversary, Chairman of the Board Denis Ivanov speaks about the results achieved and plans for the next 5 years
IBEC opens a credit line for leasing Russian aircraft
IBEC opens a credit line for leasing Russian aircraft
19.10.2020
International Bank for Economic Co-operation will provide financing to the Russian State Transport Leasing Company (STLC) in the amount of 1.5 billion rubles. This agreement was signed by Mikhail Poluboyarinov, CEO of GTLK, a...
New deals with Golomt Bank of Mongolia
New deals with Golomt Bank of Mongolia
12.10.2020
In August and September International Bank for Economic Co-operation in partnership with Golomt Bank of Mongolia implemented a series of transactions for financial and non-financial support of Mongolia’s foreign tr...
International Bank for Economic Co-operation joins SWIFT GPI
International Bank for Economic Co-operation joins SWIFT GPI
07.10.2020
International Bank for Economic Co-operation has joined SWIFT GPI (Global Payment Innovation).
IBEC invests in green bonds of Russian Railways
IBEC invests in green bonds of Russian Railways
01.10.2020
International Bank for Economic Co-operation takes part in a subscription to new "green" bonds of the Russian Railways. The yield on securities at the time of the placement is 7.25% per annum, which corresponds to a 1.65% premium to the yield on ...
IBEC guarantees promote Russian-Uzbek trade
IBEC guarantees promote Russian-Uzbek trade
29.09.2020
International Bank for Economic Co-operation has supported the export of Russian industrial products to Uzbekistan. The guarantee in the amount of USD 5 million was issued in favor of CREDIT BANK OF MOSCOW (RF) on&n...
Business Discussions with the Deputy Prime Minister of Bulgaria
Business Discussions with the Deputy Prime Minister of Bulgaria
11.09.2020
IBEC delegation held a meeting with Ms. Mariyana Nikolova, Deputy Prime Minister of Bulgaria in charge of Economic and Demographic Policy and Minister of Tourism. Boyko Kotsev, member of the IBEC Board and former Ambassa...
IBEC supports export of Russian metallurgy to Uzbekistan
IBEC supports export of Russian metallurgy to Uzbekistan
02.09.2020
International Bank for Economic Co-operation takes part in the implementation of foreign trade contracts of the largest Russian exporter, Chelyabinsk Pipe Rolling Plant PJSC, providing for the supply of pipes of various nomen...
IBEC green investments
IBEC green investments
31.08.2020
International Bank for Economic Co-operation continues to implement its plans to support green economy and social and environmental infrastructure projects. The Bank took part in the placement of a green bond issue by th...
IBEC financial statements for the 1st half of 2020
IBEC financial statements for the 1st half of 2020
27.08.2020
International Bank for Economic Co-operation has disclosed interim financial results for the 1st half of 2020 in accordance with the international reporting standards with an auditor’s conclusion based on the results of ...
IBEC supports the development of the insurance business in the markets of its member states
IBEC supports the development of the insurance business in the markets of its member states
12.08.2020
International Bank for Economic Co-operation has signed a loan agreement with the largest Bulgarian private holding company Eurohold, whose interests are focused on insurance, leasing, and financial services. A credit line with a ...
IBEC documentary instruments for Mongolia's foreign trade
IBEC documentary instruments for Mongolia's foreign trade
03.08.2020
International Bank for Economic Co-operation has completed trade finance deals with one of its committed partners — Golomt Bank (Mongolia). IBEC issued reimbursement obligations totaling USD 3.5 million....
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