Belgazprombank

Belgazprombank will streamline USD 20 mln to facilitate foreign trade

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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.

Belgazprombank will streamline USD 20 mln to facilitate foreign trade

The Facility includes direct funding as well as confirmation of obligations under L/Cs, guarantees, etc. More than 50% of the credit line will be applied to finance customers’ operations which promote mutual trade between the EDB’s member states.

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.
The Facility includes direct funding as well as confirmation of obligations under L/Cs, guarantees, etc. More than 50% of the credit line will be applied to finance customers’ operations which promote mutual trade between the EDB’s member states.
 
Belgazprombank’s accession to the EDB’s Programme devoted to the development of trade finance instruments is extending the scope of trade facilitation programmes offered by international financial institutions and available to Belgazprombank. In 2004 Belgazprombank joined the EBRD TFP and owing to the active promotion of the respective products to the market the volume of available credit line has been repeatedly increased and in 2010 reached USD 40 mln. In 2009 Belgazprombank accessed the IFC GTFP with initial USD 10 mln of credit line which was then increased to USD 60 mln during 2009-2010. Cooperation with EDB in TF area will allow Belgazprombank to promote the goods of its customers to the new markets, discover the new distribution channels and revive prior economic relations.
 
“The implementation of this project will allow the Bank to extend its external funding sources for on-lending to the enterprises engaged in international trade, - said Sergey Shaban, Deputy Chairman of Belgazprombank – This agreement will contribute to increasing of trade volumes between the EDB member states and to fostering of integration processes between them. We hope that in the future other participants will join the programme and with the EDB’s assistance we will be able to promote further growth of mutual trade between CIS countries accounting for over 50% of foreign trade balance of Belarus.
 
Belgazprombank is the authorized bank of Gazprom Group in Belarus and has been working in banking business since 1990. Bank is among the Top 10 Belarusian banks occupying the 7th place in terms of assets and capital.
 
Eurasian development bank (EDB) is the international financial organization founded in order to foster economic growth of member states, promotion of trade relations between them and development of integration processes in Eurasian region. The EDB’s member states are: Russia, Kazakhstan, Belarus, Armenia and Tajikistan.

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».

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. 

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.

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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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