Belgazprombank Attracts New Loan From Gazprombank

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Belgazprombank and Bank GPB (JSC) signed the agreement on providing EUR 60 million long-term loan facility in favor of Belgazprombank. The attracted funds will be used to finance the development of small and medium-sized enterprises in the Republic of Belarus.

Belgazprombank Attracts New Loan From Gazprombank

The new loan received from one of the bank's major shareholders enhances Belgazprombank's capabilities to finance small and medium-sized enterprises and to provide them credit support on favorable terms.

Belgazprombank has a wide range of loan products developed for small and medium-sized enterprises which can be used to finance various projects including, inter alia, acquisition, creation, expansion, reconstruction, repairs of fixed assets or real estate properties, as well as working capital. The bank’s multiple regional network provides individual entrepreneurs, small and medium-sized enterprises access to the financial support of Belgazprombank in any part of the Republic of Belarus. 

Detailed information about Belgazprombank's products for small and medium-sized enterprises can be found on its website by clicking here or by phone 218-36-39

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-sized enterprises as well as retail lending. As of 1 January 2021, Belgazprombank ranked fifth in terms of regulatory capital and was one of the largest non-state-owned banks in the Republic of Belarus. Belgazprombank is included by the National Bank of the Republic of Belarus in the list of systemically important banks of the I group of importance.

Bank GPB (JSC) is one of the largest universal financial institutions in Russia and among TOP-3 largest Russian banks by all major indicators. Bank GPB (JSC) ranks third in the list of banks in Central and Eastern Europe by equity. Bank GPB (JSC) and PJSC Gazprom are the key shareholders of Belgazprombank, each holding a 49.82% stake in the bank's authorized capital.

The major shareholders of Belgazprombank, PJSC Gazprom and Bank GPB (JSC), extended the subordinated loan provided in equal shares in the total amount of RUB 4.96 bn.

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On May 25, 2021 Fitch Ratings affirmed Belgazprombank's Long-Term Issuer Default Rating (IDR) at “B” with Negative Outlook, which is the highest rating possible for Belarusian issuers capped by the country ceiling.

The Annual General Shareholders Meeting of Belgazprombank was held on 30 March 2020 in Minsk using a video conference system.

Bank GPB (JSC) issued a press release following the visit of Gulnara Khaidarshina, Deputy Head of Research Department, to the Republic of Belarus. The release confirms a positive view on economic recovery of Belarus:

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Based on performance in January-February 2021, Belgazprombank gained profit of BYN 17.4 mln, which is 4.6 times higher than for the same period of 2020.

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Fitch Ratings has affirmed Belgazprombank's ratings at the highest level possible for Belarusian issuers at present capped by the country ceiling - Long-Term Issuer Default Rating (IDR) at “B”, Negative Outlook.

Since 21 January 2021 Belgazprombank has resumed financing small and medium-sized enterprises in the framework of the Program of financial support to small and medium-sized enterprises implemented by the Development Bank of the Republic of Belarus (hereinafter – the Program).

By the decision of the Board of Directors of Belgazprombank of 15 January 2021 Nadzeya Yermakova was appointed as the Chairman of the Management Board of Belgazprombank starting from 18 January 2021.

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