Belgazprombank and Bank GPB (JSC) to finance the development of small and medium-sized enterprises

In February 2018, Belgazprombank received a new credit line from Bank GPB (JSC) in the amount of EUR 40 mln. The attracted funds will be used for the development of SMEs. Priority will also be given to the financing of property acquisition. During the last two decades Bank GPB (JSC) provides considerable assistance in supporting one of the main strategic activities of Belgazprombank – the development of private business initiative and financing of small and medium enterprises. In the past five years from the target funds provided by the parent bank Belgazprombank has rendered its clients financial support in the amount of more than USD 250 mln. The bank has developed effective lending procedures which are constantly improved in order to best meet SME financing requirements.