Belgazprombank receives IFC prestigious Award of Recognition

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Belgazprombank was recognized by the International Finance Corporation (IFC) as the Most Active GTFP Issuing Bank in Europe and Central Asia for Energy Efficiency. The recognition was awarded on May 25, 2011 at IFC’s Annual GTFP Bank Partners Meeting held in Istanbul. 

Belgazprombank receives IFC prestigious Award of Recognition
Belgazprombank was among the first Belarusian banks to join the IFC GTFP Programme in 2009. Through IFC GTFP the Bank has structured transaction  in the total amount exceeding USD 55 mln, mainly those connected with energy efficiency. This is the first year that IFC has recognized Belgazprombank for its outstanding activity in the GTFP programme. 
“Belgazprombank was among the first to start intensive work aiming at development of sustainable energy in Belarus. Considering particular importance of promoting energy efficient technologies in the economy the specialized department of the Bank offers financing for projects connected with the modernization of production facilities in view of reducing energy consumption and the introduction of energy-saving technologies, in particular using the best practices of international financial institutions, as well as the Programme of the European commission for international energy cooperation, - says Sergey V. Shaban, Deputy Chairman of Belgazprombank’s Board – “This award acknowledges Belgazprombank’s operational excellence and commitment to sustainable development of Belarusian economy and represents an important achievement for the Bank. 
Launched in 2005, IFC’s Global Trade Finance Program helps to facilitate trade into and between emerging markets by providing risk mitigation on trade-related transactions with partner issuing banks such as Belgazprombank. Through the GTFP network, local financial institutions can establish working partnerships with a vast number of international and regional confirming banks in the program, thus broadening access to finance with enhanced tenors and competitive pricing terms. 

December 27, 2011 – Belgazprombank attracted a long-term subordinated loan in the amount of USD 40 mln from its parent Gazprombank. The attraction of this subordinated loan and the inclusion of the respective amounts into the calculation of Tier 2 capital are the first step towards the implementation of the shareholders’ decision on the recovery of the Bank’s capitalization, which has reduced due to the devaluation processes in the Republic of Belarus.

The international festival “Theater week with Belgazprombank has triumphantly ended with the play "We are fine" of the legendary Polish director Gjegorz Yazhin.

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On the 7th of October the International forum of theatre art «ТЕАRТ» started in Minsk within the week of Theatre with «Belgazprombank».

The contribution of Gazprom OAO and its affiliates to the authorized capitals of the companies in the banking and financial sectors efficiently facilitate the implementation of production and financial tasks of the concern.

Shareholders from Russia and Belarus met in the hotel “Europe to resume the work in 2010 and to approve the directions of bank development in 2011. These are the representatives of such well-known companies as OJSC “Gazprom, “Gazprombank (OJSC), OJSC “Beltransgaz, JV OJSC “Brestgazoapparat.

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March, 2011 - Fitch Ratings has affirmed Belgazprombank’s (BGPB) “B Long-Term and Short-Term IDRs, “D/E Individual Rating and “4 Support Rating and revised the Outlook to Negative from Stable.

Minsk, February 23, 2011 – Eurasian Development Bank (EDB) and Belgazprombank signed the the framework agreement for financing of export and import operations performed by Belgazprombank’s customers. The amount of the credit facility is USD 20 mln.

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Belgazprombank is the winner of the professional competition “The Brand of the Year in the nomination “Socially Responsible Brand (Category “Active Social Position). The solemn awarding ceremony took place on January 21st in the National History Museum.

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