The International Investment Bank (IIB) continues to develop its trade finance portfolio through active participation in transactions between the IIB’s member states and non member countries. On March 23, 2017, the Bank issued the first direct Guarantee as part of its Trade Finance Support Programme (TFSP) on behalf of the CJSC VTB Bank (Belarus) to secure payment obligations of the Atlant-M Farzeughandel JLLC, Volkswagen’s general importer in the Republic of Belarus, to Russian Volkswagen Group…  Read more

The International Investment Bank (IIB) continues to consistently expand operations under its Trade Finance Support Programme (TFSP). In February 2017, the Bank provided a short-term targeted trade related loan to Russian CB LOCKO-Bank (JSC) for the amount of USD 3 million to finance the purchase of building and finishing materials made in Poland to be imported to the Russian Federation. The deal is a first for the IIB. Firstly, this is IIB’s first deal in the area of Russian-Polish trade…  Read more

Under its Trade Finance Support Programme (TFSP), in December 2016 the International Investment Bank (IIB) concluded its first framework agreement with Russian CB LOCKO-Bank on provision of trade related loans to finance foreign trade operations, and carried out its first transaction in favour of the borrower in the amount of USD 1 million. The funds will be used to finance supplies of products from Vietnam to the Russian Federation. The transaction with CB LOCKO-Bank expands the geography of…  Read more

In November 2016, the Council of the International Investment Bank (IIB) approved a new IIB trade finance product – short term Trade related loans (TRL). Thus, the Bank continued its course to develop activities in the area of Trade Finance (TF) benefitting the IIB member states, including with the involvement of non-member countries. For the purposes of conducting TF operations, the IIB has concluded a number of Master Agreements with financial institutions from its member states and from…  Read more