Fitch Improves Outlook on Belgazprombank’s Long-Term IDR to Positive from Stable

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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.

At present Belgazprombank’s rating, whose further upgrade is limited by the country ceiling, corresponds to the highest possible level assigned by Fitch Ratings to the country financial institutions. 

The revision of Outlook on Belgazprombank’s IDR reflects the likelihood of it being upgraded once the sovereign ratings are upgraded and the country ceiling is revised to “B” from “B-“. 

In relation to Belgazprombank the rating actions are as follows:

  • Long-term Foreign Currency IDR affirmed at ”B-“; Outlook revised to Positive from Stable

  • Short-term IDR affirmed at “B”

  • Support Rating affirmed at ”5”

  • Viability Rating: 'b-', unaffected 

For more details please refer to the agency’s webpage
Press office.

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

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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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