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

The bank's 2019 performance results were approved by the General Shareholders' Meeting of Belgazprombank held on 22 March 2019 in Minsk in the conference hall of Hotel "Europe". The bank's activities in 2018 were aimed at achieving the indicators defined by the Strategic Development Plan for 2017-2020.

Belgazprombank 2019 General Shareholders' Meeting held in Minsk

Belgazprombank became the first bank in Belarus which started issuing cards of international payment system UnionPay. This was announced at the press-conference held on February 21, 2019 at the gallery Art-Belarus, which was attended by the Main Representative of UnionPay International in Russia and Belarus Sasha Fanj, the Deputy Chairman of the Managing Board of Belgazprombank Kiryl Badzei and the Director of Retail Business Development and Support Department Dmitry Furs.

Belgazprombank is the first to issue cards of international payment system UnionPay

The funded participation (consortium) agreement provides for the pooling of resourses provided by Belgazprombank, Gazprombank (Switzerland) Ltd and other foreign investors in order to participate in the funding of Belarusian companies. Purposes for which the loans can be provided are not limited and include, for instance, the financing of working capital, investment projects and trade financing.

Belgazprombank and Swiss bank entered into funded participation
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