New Management Board of Belgazprombank has been appointed

Press office.

On 8 December 2020 the Board of Directors of Belgazprombank unanimously adopted a decision to introduce changes to the Management Board of the bank (the decision executed by the Minutes No. 4 as of 8 December 2020).

The Management Board was formed from incumbent officers of the bank. The Deputy Chairman of the Management Board Iryna Patapava was appointed as Acting Chairman of the Management Board of Belgazprombank.

The Management Board also includes Executive Director Tatiana Avramenko, Head of Financial Institutions Iryna Antonava, Director of Corporate Business Alexander Vozhdaev, Director of Retail Business Konstantin Kiryanov, Executive Director Uladzimir Karatkevich and Deputy Chairman of the Management Board Aleksandr Sotnikov.

The Temporary Administration ceased work on 10 December 2020 pursuant to the Resolution of the National Bank of the Republic of Belarus No. 392 as of 9 December 2020.

The Management Board of Belgazprombank took over the powers and authorities to manage the bank on 11 December 2020.

Belgazprombank, having retained its position as one of the country’s largest non-state-owned banks, will continue to implement its main strategic objectives – financial support of small and medium-sized businesses and retail lending.

Press office.
Fitch Ratings has affirmed Belgazprombank's “B” Long-Term Issuer Default Rating (IDR) with Negative Outlook removing the bank’s ratings from Rating Watch Negative.

On 31 August, Belgazprombank finalized its IFRS financial statements (unaudited) for a 6-month period ended 30 June 2020.

Fitch Ratings has kept Belgazprombank’s ratings unchanged placing them on watch. The action follows the decision of the National Bank of the Republic of Belarus to introduce on 15 June 2020 (for a maximum six months) the temporary administration at Belgazprombank and suspension of powers of the management board of Belgazprombank for the period of the temporary administration.

Fitch Ratings affirmed Belgazprombank’s Long-Term Issuer Default Rating (IDR) at 'B' with Stable Outlook.

The General Shareholders Meeting of Belgazprombank was held on 27 March 2020 and approved the bank’s 2019 performance results. The difficult epidemiological situation in the world caused by the coronavirus pandemic has made its adjustments. The meeting was held using a video conference system.

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