Belgazprombank has become the first Belarusian bank to complete a capital market transaction with EBRD

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On February 27, 2014 Belgazprombank and European Bank for Reconstruction and Development (EBRD) signed the loan agreement on arranging of EUR 30 million five-year two-tier syndicated loan.

Belgazprombank has become the first Belarusian bank to complete a capital market transaction with EBRD

The syndicated loan included an A loan of EUR 10 million provided by the EBRD and a B loan of EUR 20 million to come from other participants including The European Fund for Southeast Europe (EFSE), the world’s largest micro-financing financial institution. The loan proceeds will be used to provide support and assist to the development of micro, small and medium enterprises.

- We are pleased with the development of cooperation between EBRD and Belgazprombank, - pointed out Francis Delaey, Head of EBRD Representative Office in Minsk, during the solemn signing ceremony. – I think this agreement is a positive moment for Belarus  given that it has been a long time since a similar syndicated transaction was concluded, and this is a good example for other market participants.

Заместитель председателя правления Белгазпромбанка Сергей Шабан и Глава представительства ЕБРР в г. Минске Фрэнсис Делей удовлетворены развитием взаимного сотрудничества

- This is the first five-year syndicated loan provided to a Belarusian borrower, - emphasized Sergey Shaban, Deputy Chairman, Belgazprombank, - and such long tenor makes it unique. Previously the tenors of public borrowings by Belarusian banks were limited to one year. The involvement of the reputable international financial institutions will provide our bank with a unique state-of-the-art experience in execution of international capital market transactions and contribute significantly to the bank’s credit history, which is a prerequisite for further development of public borrowings. The proceeds received will be used to increase the financial support of the target client segment of small and medium companies, and thus will contribute to the achievement of one of bank’s strategic objectives of supporting the sustainable development of the country’s economy. After all, developed economies have proved repeatedly that social and economic development of any economy is driven by the developed and steadily functioning SME segment.

Belgazprombank has been participating in capital markets since 2005 and has become one of the first Belarusian banks that attracted funding through a syndicated loan. Further diversification of the funding base is considered one of the main objectives of the bank.

The financial institutions started mutually beneficial cooperation in 1996, and at the moment Belgazprombank is one of the main partners of EBRD in the Republic of Belarus. Belgazprombank is the first and only bank in Belarus that has received a loan denominated in national currency from EBRD, and was among the first banks to join the EBRD’s Trade Facilitation Program and Belarus Sustainable Energy Finance Facility (BelSEFF). The total amount of credit lines made available by EBRD to Belgazprombank under joint projects in the process of implementation reached USD 145 million.

Belgazprombank, established in 1990 and controlled by Russia’s Gazprom Group, occupies a leading position in lending to the Belarusian private sector, particularly to small and medium enterprises.

On December 16, 2014 Belgazprombank and Commerzbank AG signed the Basic Loan Agreement which gives Belgazprombank an access to long-term financing provided by the German bank under coverage of export credit agencies.

On December 19, 2014 Belgazprombank opened a correspondent account in Chinese yuans with Bank of China. Earlier, in September this year Belgazprombank opened correspondent accounts in Chinese yuans and US dollars in another Chinese bank, Agricultural Bank of China. 

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Belgazprombank was honored by Commerzbank AG with a Trade Award 2013 for high results in foreign trade financing achieved in cooperation with the German bank in 2013. This prize presented in Belarus for the first time also witnesses the recognition by the German bank of the high quality of trade finance services provided by Belgazprombank to its customers.

Belgazprombank received the Gold Award of the Banking Association for Central and Eastern Europe (BACEE) in the annual report competition.

On October 7, the Lithuanian Art Museum hosted the media preview and presentation of a documentary and educational television project “Belarus-Born Artists of the School of Paris. It was dedicated to the beginning of broadcasting on the Lithuanian television of the TV series of the same name consisting of 7 films.

IV International Theatre Forum TEART will take place in Minsk from September 27 to October 22, 2014. The audience will see 21 performancesin two programmes – international and additional off-programme “Belarus Open. Organisers of the forum are ART Corporation Visual and Performing Arts Centre and Belgazprombank OJSC, with the support of the Ministry of Culture of the Republic of Belarus.General partner is Gazprom Transgaz Belarus OJSC.

On August 28, 2014 Belgazprombank and Eurasian Development Bank (EDB) signed the USD 10 million loan agreement with five years of maturity. This is the first project committed by EBD under its new Programme on development of agricultural sector adopted in 2013.

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Non-application of OFAC sanctions to Belgazprombank (“Bank)

On April 18, within the framework of the official visit to the Republic of Belarus, Director General of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Irina Bokova visited the National Art Museum of the Republic Belarus.

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