New Structure of the Account Number in IBAN format

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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).

New Structure of the Account Number in IBAN format

The change in the account numbers and Bank Identification Code of Belgazprombank is stipulated by Resolutions of the Board of the National Bank of the Republic of Belarus No. 440 “On the Structure of the Account Number” (hereinafter – “Resolution No. 440”) dated July 27, 2015 and No. 472 “On Approving the Instructions on Procedures for Assigning Bank Identification Codes by the National Bank of the Republic of Belarus and Maintaining the Reference Book of Bank Identification Codes of Participants Carrying out Payments in the Territory of the Republic of Belarus” dated August 7, 2015.

The new structure of the account number and Bank Identification Code determined in accordance with international standards will allow to identify settlement participant in a unique manner, will accelerate the payment processing and reduce operational risks and costs when processing the payments.

The following steps will be followed by Belgazprombank in the framework of introduction of IBAN and BIC SWIFT:

  • by December 1, 2016 IBAN numbers were assigned to all correspondent accounts, temporary and other accounts opened with Belgazprombank in the name of banks and non-banking financial institutions;
  • till July 4, 2017 payment documents will be accepted / formed with the use of existing account numbers;
  • starting from July 4, 2017 only new account numbers (IBAN format) will be used for settlements.

Since July 4, 2017 the current Bank Identification Code of Belgazprombank 153001742 will be changed to BIC SWIFT – OLMPBY2X.

For more detailed information please click here.

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.

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

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.

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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