Fitch affirms the ratings of Belgazprombank

Press office.

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

Fitch affirms the ratings of Belgazprombank

Fitch Ratings remains confident in the support of the Russian shareholders of Belgazprombank (jointly owned by PJSC «GAZPROM» (BBB-/Negative) and Bank GPB (JSC) (BB+/Negative)) in case of need and their commitment to the Belarus market evidenced by provision a subordinated loan in the amount of RUB 9.9 bn in the 1st quarter 2015.

According to the rating agency’s report Belgazprombank is a leader by capital adequacy ratio (end-1H2016) and pre-impairment operating profit (end-2015) among Belarusian banks with Russian ownership within TOP-6 bank ranking by total assets.

At the same time Belarus' Country Ceiling (B-) has a moderate influence on the Bank’s long-term IDR at “B-“ level.

In relation to Belgazprombank the rating actions are as follows:

  • Long-term IDR: affirmed at 'B-'; Outlook Stable
  • Short-term IDR: affirmed at 'B'
  • Viability Rating: affirmed at 'b-'
  • Support Rating: affirmed at '5'

More detailed information can be found at the official website of Fitch Ratings.

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.

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.

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.

Company `s logo