Belgazprombank

Belgazprombank demonstrates high quality of financial reporting

Press office.

Belgazprombank received the award of the Banking Association for Central and Eastern Europe (BACEE) in the annual financial statements competition.

Belgazprombank demonstrates high quality of financial reporting

Once again Belgazprombank has been awarded with the Special Award of the Banking Association for Central and Eastern Europe (BACEE) for professional preparation, high transparency and quality disclosure of the financial statements prepared in accordance with the international standards for 2014.

The competition of annual financial statements during which the experts of BACEE select the best annual reports of banks from Central and Eastern Europe is held since 2013. And for the two consecutive years Belgazprombank is among the best banks. The award confirms the high professionalism of the Bank’s staff involved in the financial statements preparation. Also it reflects international recognition of the transparency of the Bank’s accounting procedures and will increase confidence of foreign financial institutions in developing business with Belgazprombank.

BACEE is a non-profit banking association founded in 1996 with the goal of promoting business relations of its member banks with financial institutions of Central and Eastern Europe. At present it has 32 member banks from 18 countries including Hungarian Export Credit Agency MEHIB, International Bank of Azerbaijan, International Investment Bank, Intesa Sanpaolo SpA., Societe Generale, UniCredit Bank Austria AG and others.

On 8 December, 2015 Belgazprombank and Development Bank of the Republic of Belarus signed the agreement on the mutual financing of startup companies.

On November 26, 2015 in Minsk Sergey Shaban, Deputy Chairman of the Board, Belgazprombank, and Levan Zolotarev, Deputy Chairman of the Board, Eximbank of Russia, signed documentation giving rise to full-scale cooperation between the banks in the sphere of financial support of trade between the Russian Federation and the Republic of Belarus.

During the V International Entrepreneurship Forum the Development Bank expressed gratitude to the partner banks for their active cooperation within the program of financial support for small and medium-sized enterprises, initiatives and assistance in creating new mechanisms to support the entrepreneurship.

Belgazprombank and AK BARS Bank (the Russian Federation) realized the first transaction under the insurance cover of the Russian Agency for Export Credit and Investment Insurance (EXIAR). In accordance with the terms of the interbank agreement Belgazprombank attracted funds to finance the project of its customer relating to the purchase of products from a Russian exporter.

Press office.

Fitch Ratings has affirmed the Long-term Issuer Default Ratings (IDR) of Belgazprombank at 'B-' with Stable Outlook.

Belgazprombank was granted the prestigious award for the high quality of international payments «STP Award 2014, Excellent quality in the delivery of commercial payments and financial institutions transfers».

On March 17, 2015 in Minsk Sergey Shaban, Deputy Chairman of the Board of Belgazprombank, and Marck Wengrzik, Managing Director of AKA Ausfuhrkredit-Gesellschaft mbH, signed the basic agreement according to which Belgazprombank can attract long-term loan facilities from AKA covered by Euler Hermes and other export credit agencies.

Belgazprombank and Development Bank of the Republic of Belarus signed the agreement on the procedure for interaction within the framework of small and medium-sized businesses financing in 2015.

Belgazprombank attracted a long-term subordinated loan from its shareholders – Gazprom and Gazprombank (Joint – stock Company). The loan facilities were disbursed in Russian rubles in the amount equivalent to 150 million US dollars.

Company `s logo