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.
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.
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.