– Providing high-quality tailor-made services to companies engaged in cross-border projects is one of the key objectives of our bank, – emphasized Sergey Shaban, Deputy Chairman of the Board, Belgazprombank. – The financing instrument envisaged by the concluded agreement allows Belgazprombank to provide long-term financing on commercially favorable terms to Belarusian companies realizing investment projects and importing to Belarus capital goods, machinery, equipment, other industrial goods as well as related works and services. Moreover, cooperation in the sphere of trade finance with the German bank, enjoying broad customer base and working with a great number of export credit agencies, expands the geography of trade projects which can be financially supported by Belgazprombank.
For reference:
Belgazprombank, established in 1990 and controlled by Gazprom Group, occupies a leading position in lending to the private sector of the Belarusian economy, in particular small and medium enterprises as well as retail lending. The Bank is one of the largest financial institutions of the republic and holds leading positions in terms of introducing high-quality customer-oriented instruments for financing cross-border trade.
Helaba is one of the largest financial institutions in Germany. As at 31.12.2017 the financial institution took 9th place in terms of assets in the banking system of the country. Playing the role of the central clearing institution and service provider for 40 percent of German savings financial institutions, Helaba also offers full range of trade finance services with a view to supporting cross-border transactions of German companies. Helaba has branch offices and representatives in France, Ireland, Great Britain, the USA, Spain, China, Russia.
