Belgazprombank attracted from Bank GPB (JSC) a EUR 45 mln loan for SME financing

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Belgazprombank attracted from the parent bank a EUR 45 mln 5-year loan. The attracted funds will be used to provide financial support to individual entrepreneurs and legal entities belonging to small and medium enterprises.
Belgazprombank attracted from Bank GPB (JSC) a EUR 45 mln loan for SME financing

Sergey Shaban, Deputy Chairman of the Management Board of Belgazprombank, noticed that the opening of another credit line for the purposes of providing financial support to small and medium enterprises is a remarkable event not only for Belgazprombank but also for the whole banking system of the Republic of Belarus. This is the largest line for the development of the target client segment ever attracted from one of the bank’s main shareholders. Belgazprombank received a unique opportunity to increase the volume of its credit support and to finance projects of SME and individual entrepreneurs on favorable terms.

During the last two decades Bank GPB (JSC) provides considerable assistance in supporting one of the main strategic activities of Belgazprombank – the development of private business initiative and financing of small and medium enterprises. In the past five years from the target funds provided by the parent bank Belgazprombank has rendered its clients financial support in the amount of more than USD 200 mln. The bank has developed effective lending procedures which are constantly improved in order to best meet SME financing requirements.


Belgazprombank, established in 1990 and controlled by Russia’s Gazprom Group, occupies a leading position in Belarus in lending to small and medium enterprises.
Bank GPB (JSC) enters the top 3 banks of Russia by assets size and occupies the 3rd place in the list of banks of Central and Eastern Europe. It provides services to the key sectors of Russian economy including oil, gas, chemical and petrochemical industries, mechanical engineering, metal working, transport, construction, communication, agricultural industry, trade and others. Bank GPB (JSC) has about  4 mln individual and 45 th corporate clients.

During the VI International Entrepreneurship Forum held on 14 November 2016 in Minsk JSC "Development Bank of the Republic of Belarus" announced the results of the Program on financial support of small and medium-sized enterprises (SME) being implemented in cooperation with partner-banks. For the second time Belgazprombank has become an absolute leader in terms of implemented projects and provided financing within the Program.

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

Today the General Shareholders Meeting of Belgazprombank was held in Hotel Europe in Minsk, on which the results of the bank for the year 2015 were approved.

Belgazprombank took the first place in two categories (“Mobile iOS App – 2015” and “Mobile Android App – 2015”) at the annual bank awards ceremony organized by the financial and analytical portal “Infobank” ( The ceremony took place on February 25th in Minsk Crowne Plaza.

Belgazprombank will present a large-scale international art-project «Time and creative work of Leon Bakst», dedicated to the 150th anniversary from the artist’s birth. The exhibition is to be held in the National Art Museum of the Republic of Belarus from 10 February till 17 April 2016.

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