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.
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.
- It is not a coincidence that Belgazprombank has become a leader of the Program for the second consecutive year. SME support has traditionally been a priority of Belgazprombank’s activity, - pointed out Konstantin Kirijanov, Deputy Director of Retail Business Department. – The Bank offers its customers a line of loan products ensuring a qualitatively new level of lending. For instance, recently we launched a completely unique product for Belarus – ONLINE-loan. It was developed specially for individual entrepreneurs and legal entities connected to the Internet Bank system in order to provide our customers with the possibility to receive a loan without visiting the bank.
Belgazprombank also takes an active part in the development and implementation of new products and mechanisms of business financing in the framework of cooperation with JSC "Development Bank of the Republic of Belarus". In October this year two new Agreements were signed enhancing the bank’s opportunities to provide financial support to regions and women’s entrepreneurship, as well as to producers of furniture, doors and construction industry.
Financing is provided in Belarusian rubles. The key advantage of the new products is the cost of finance which is currently equals 13,5% p.a. Individual entrepreneurs, micro, small and medium enterprises, newly established enterprises and newly registered individual entrepreneurs are all eligible to become participants of the financing programs.