Eurasian Development Bank provides Belgazprombank a loan for agribusiness support

Press office.

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.

Eurasian Development Bank provides Belgazprombank a loan for agribusiness support

The loan proceeds will be used to finance Belarusian companies implementing projects in agricultural sector. The investments will be made into traditional agro activities relating to production, processing and sale of agricultural products as well as into purchase of agricultural machinery and equipment produced in the member countries of EDB and sustainable agricultural projects.

- The new loan agreement with Eurasian Development Bank will help us to diversify a variety of loan operations financed out of facilities of international financial institutions. –marked Sergey Shaban, the Deputy Chairman of the Board. – At present the development of agricultural industry is very important for all countries participating in the Eurasian economic area. Customer lending under this new initiative will allow us to increase competitiveness of agricultural producers, strengthen integration tendencies in the region and expand trade and economic relations between the member states of Eurasian Development Bank.

Belgazprombank began its cooperation with EDB in 2011. Since then more than 160 export and import trade transactions have been mutually financed in the total amount exceeding USD 100 mln.

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.

Eurasian Development Bank is an international financial institution established by Russia and Kazakhstan in January 2006 to promote development of competitive markets, ensure stable economic growth and strengthen mutual trade and economic relations between its members. The share capital of EDB exceeds USD 1.5 bln. Its members include Armenia, Belarus, Kazakhstan, Kyrgyz Republic, the Russian Federation and Tajikistan.

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. 

Press office.

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.

Press office.

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.

Press office.

Such a great event – the exhibition ‘Ten centuries of Art in Belarus’ happens in our country once in a thousand years – told Uladzimir Prakaptsoŭ, the General Director of the National Art Museum at the official opening of this event.

Company `s logo