At the end of October 2022, ARMSWISSBANK implemented first deal with International Bank for Economic Co-operation (IBEC) in frame of recently signed General Financial Agreement.

As part of the agreement, IBEC provided ARMSWISSBANK with a trade related funds in rubles for short term financing of contracts for the supply of food products from Armenia to the Russian Federation.

ARMSWISSBANK continues to develop relationships with different international organizations in the sector of international trade, in particular for promoting international trade.

ARMSWISSBANK

ARMSWISSBANK operates in corporate and investment banking, offering traditional and innovative financial solutions used internationally. As a dynamically developing financial institution, the Bank cooperates with a number of other international organizations such as EBRD, EDB, KFW, EIB, FCI and others.

INTERNATIONAL BANK FOR ECONOMIC CO-OPERATION (IBEC)

International Bank for Economic Co-operation (IBEC) is a multilateral financial institution whose purpose is to promote the development of the economies of the Bank's member countries, foreign economic relations between economic entities of the member countries, as well as the expansion of their foreign trade relations with counterparties from other countries. Given the significant changes in the global macroeconomic picture and turbulence at global markets currently taking place, developing relationships with current partners and expanding cooperation with banks in the CIS and Asia are the key tasks that the Bank will focus on in 2023.