Belgazprombank and Helaba agreed on long-term financing of international trade

Press office.
During the meeting in Minsk Belgazprombank and Helaba signed the general agreement on long-term financing of trade projects. In the framework of the concluded agreement Belgazprombank received an opportunity to attract funding from the German bank for 5 years and longer maturities against the insurance cover issued by the export credit agencies. The attracted funding will be used for financing foreign trade contracts between Belarusian companies and exporters from Germany and other countries participating in OECD. 

– 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.

Dear Customers! Herewith please be kindly informed about the change in the correspondent account number of Belgazprombank for payments in KZT.

Dear Clients! Please be kindly advised of the changes in the list of main Nostro correspondent accounts of Belgazprombank in USD and EUR.

Press office.

Fitch Ratings has upgraded Belgazprombank’s Viability Rating (VR) to ‘b’ from ‘b-‘. It has also affirmed the Long-Term Issuer Default Ratings (IDRs) of Belgazprombank at 'B' with Stable Outlook.

The syndication includes two tranches – 1.5 and 2 years respectively with the option to extend maturity for the same term.

Belgazprombank won the prestigious award from VTB Bank (Europe) SE - "STP Award 2017 Best in Class" for the outstanding quality of processing of commercial payments in euros in 2017. The award was presented to the Settlement Center of Belgazprombank at the ceremony during the 10th Forum held by VTB Bank (Europe) SE in Moscow for its correspondent banks.

On April 23, 2018, Belgazprombank and Export Insurance Company “KazakhExport” signed an Agreement on joint projects. The Agreement introduces a completely new for the Belarusian market instrument of financing of trade projects between the residents of Kazakhstan and Belarus.

The General Meeting of Shareholders of Belgazprombank held in Minsk examined the results for the year 2017. The shareholders appreciated the work of the bank during the past year and the 2017-2020 development strategy adopted previously. Financial results of the bank, its active position on the market, professionalism of its employees and consistency in carrying out its mission all together confirm a high status of Belgazprombank in the banking industry.

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.
Belgazprombank and the Administration of the China-Belarus Industrial Park Great Stone have signed an agreement on cooperation in order to create favourable conditions for expanding investment, trade-economic and scientific-technical cooperation.
Company `s logo