ARMSWISSBANK and the International Investment Bank have signed a framework agreement within the scope of Trade Finance Support Program following the approval by the IIB of a EUR 2 mln trade finance limit for ARMSWISSBANK. Collaboration will enable the Bank to offer its customers TFP products on more competitive terms.

Within the framework of trade financing, the Bank also cooperates with its traditional partners - EBRD, ADB and the Italian UBI Bank. At the same time, the Bank is continuously working to establish cooperation with other international organizations.

International Investment Bank founded in 1970. The member countries are Bulgaria, Hungary, Vietnam, Cuba, Mongolia, the Russian Federation, Romania, Slovakia and the Czech Republic. Rated BBB+ (outlook stable) by S&P, A3 (outlook stable) by Moody’s, BBB+ (outlook stable) by Fitch and A (outlook positive) by Dagong. The IIB is focused on medium- and long-term financing of projects aimed at supporting the development of the economies of IIB member countries with positive social, environmental and economic impacts. The Bank provides loans directly, in cooperation with other financial institutions, or through partner banks.