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-/Stable) and Bank GPB (JSC) (BB+/Stable)) in case of need and their commitment to the Belarus market evidenced by the recapitalization of the bank through a subordinated loan provided to it in 2015. 

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'

For more details please refer to the agency’s webpage

On 31 July 2017 Fitch Ratings has affirmed Long-term Issuer Default Rating (IDR) of Belgazprombank at “B-“ with improved Outlook to Positive from Stable. The rating action follows the revision of Outlooks on “B-“ Belarus sovereign ratings to Positive from Stable.

Press office.
Dear clients! Hereby we would like to inform you of the changes in the payment details of Belgazprombank for transfer of funds to your accounts in USD and EUR.

Starting from July 4, 2017, International Bank Account Number (IBAN) and Bank Identification Code assigned by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) will be used by Belgazprombank for non-cash settlements within Belarus and for non-cash cross-border settlements (BIC SWIFT).

On February 1, 2017 Belgazprombank and JSC "Development Bank of the Republic of Belarus" signed a new financing agreement aimed at the development of small and medium-sized enterprises (SME) and individual entrepreneurs.

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