Belarusbank and International Investment Bank begin cooperation (press release)

Belarusbank has started to cooperate with the International Investment Bank. In early March 2015 Belarusbank and the IIB jointly carried out a trade finance transaction related to the supply of equipment from the Czech Republic to Belarus.

Cooperation with the IIB will open new horizons for Belarusbank, primarily in the sphere of financing the foreign trade settlements between the bank’s clients and beneficiaries from the IIB member states.

Reference: The International Investment Bank is a multifunctional development bank whose aim is to foster social and economic development, improve living standards and economic cooperation within its member states (Bulgaria, Vietnam, Cuba, Mongolia, Russia, Romania, Slovakia and the Czech Republic). In November 2014 the IIB Council approved Hungary’s application for membership. Currently Hungary is making a contribution to the IIB capital.

The main fields of the IIB activity include the support of small and medium business with the help of financial intermediaries, participation in the financing of socially important infrastructure projects and the support of export and import potential of the member states. The bank has the following international ratings: Baa1 by Moody’s (outlook stable) and BBB- by Fitch (outlook stable).

Belarusbank press service

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