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.
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.
The monies intended for Belgazprombank’s further development were provided by both major shareholders in equal amounts.
“We are certain that the significant resources attracted in Russian rubles will help to strengthen the Belarusian banking system. Moreover, we are particularly pleased that the received loan was immediately used to support the system of settlements in Russian rubles for energy resources imported to the Republic of Belarus – almost the entire amount of the loan was applied to finance regional gas supply companies of the republic, noted Viktаr Babaryka, Chairman of the Management Board of Belgazprombank.
According to the head of Belgazprombank, the received loan is going to have a multiplying effect. The facilities in Russian rubles will be used to serve the main commercial segment of Belgazprombank, in particular export companies focused on Russian market, which in turn will allow to develop and support Belarusian exports to the Russian Federation at the country level.
As a result of the loan from its shareholders Belgazprombank reaches a new higher level in its segment as a financial institution ensuring safety of supplies and settlements in the energy sector and as a bank effectively serving private sector of economy.