September, 2012, Minsk – European Bank for Reconstruction and Development and Belgazprombank signed the mandate letter with regards to EBRD’s next MSME credit facility for Belgazprombank. The amount of the credit facility is up to USD 30 mln. This is the sixth loan to be provided directly to Belgazprombank to support and develop its target customer segment – small and medium enterprises.
Belgazprombank has been cooperating with EBRD in MSME support and development since 1997. During 2004-2009 within the framework of this EBRD programme the partners entered into five loan agreements totaling to USD 55 MM.
Belgazprombank plays a very active part in EBRD MSME programme. Within the framework of the MSME programme Belgazprombank offers its lending products in all regions of the Republic of Belarus with special attention paid to the quality of services provided to customers, enhancement of lending procedures.
The long-term strategy of the Bank targeted at servicing private sector of economy is fully approved by its main shareholders, which is evidenced by several joint projects aimed at development of small and medium business
Belgazprombank’s success in the field of MSME finance is confirmed by numerous awards: since 2005 for several consecutive years Belgazprombank have been awarded the Best Bank providing its services to entrepreneurs within the national contest Best Entrepreneur of the Year.In April 2008 Belgazprombank was awarded with a diploma by Business Association of Entrepreneurships and Employers by name of Kunjavsky for a significant contribution to the development of entrepreneurship. This evidences the stability and quality of the bank’s MSME activities and its leading positions among other financial institutions. This high status is officially documented in the respective Decree by the president of the Republic of Belarus.
