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Belgazprombank and Swiss bank entered into funded participation

Press office.

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.

The funded participation involving European investors’ funds attracted into the economy of Belarus is a new instrument for Belgazprombank and for the Belarusian financial sector generally, Belgazprombank reported. The launch of the funded participation allows Belgazprombank to enhance support it provides to Belarusian businesses and to offer them more attractive loans. Also it is a good opportunity for the Belgazprombank’s customers to start creating their international credit history and to gain a unique experience in project implementation in accordance with the requirements of European financial institutions’ credit expertise. 

The consortium will allow Belgazprombank in cooperation with foreign investors to finance large investment projects. In particular cases loan amounts to Belarusian entities can exceed EUR 100 million. In the framework of the consortium Belgazprombank will also continue to support its key clientele – small and medium enterprises in Belarus.

Fitch Affirms Belgazprombank at "B", Outlook Stable
Press office.
Fitch Ratings affirmed the Long-term Issuer Default Ratings (IDR) of Belgazprombank at 'B-' with Stable Outlook.
Belgazprombank 2018 General Shareholders' Meeting held in Minsk
Press office.

The bank's 2018 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 is the first to issue cards of international payment system UnionPay
Press office.

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.

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