Belgazprombank finances deliveries of Russian goods to the Republic of Belarus at favorable rates

Press office.
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.
Belgazprombank finances deliveries of Russian goods to the Republic of Belarus at favorable rates

The signed agreements allow Belgazprombank to attract long-term financing from Eximbank of Russia for on-lending to Belarusian companies purchasing equipment, machinery, capital and other goods and services in Russian Federation.

– We are grateful to our colleagues for the establishment of strategic cooperation. Belgazprombank will attract resources from Eximbank of Russia at favorable rates in the framework of the High-Technology Exports Credit Support Program of the Russian Federation, - pointed out Sergey Shaban, Deputy Chairman of the Board. – For Belgazprombank’s customers it means that we can reduce almost by two times interest rates on loans in foreign currency for the purchase of Russian goods, works and services. Today we have signed agreements for the disbursement of the first two loan facilities according to which Belgazprombank will provide its customers with credits to pay for the agricultural equipment, machinery and spare parts supplied by Russian companies.

– We are delighted to start cooperation with Belgazprombank, - emphasized Levan Zolotarev, Deputy Chairman of the Board. – The arrangements achieved are a logical realization of the Eximbank of Russia’s strategy aimed at the building of long-term cooperation with financial institutions from countries where Russian export is in demand. Our product line provides for financing for the period of up to10 years. And I am sure that the start of our cooperation with one of the leading banks of the Republic of Belarus will allow us to support our clientele and facilitate more active trade between our countries.

Belgazprombank, established in 1990 and controlled by Russia’s Gazprom Group, occupies a leading position in Belarus in lending to small and medium enterprises.

Eximbank of Russia (a member of Vnesheconombank group) was founded in 1994 with a view to realizing the Russian state program focused on enhancement and support of exports of machinery products. At present it uses a vast number of instruments to provide state guarantee and finance support to the Russian non-commodity exports.

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

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.

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

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