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.
As of March 1, 2021, the assets of Belgazprombank were equal to BYN 4 bn.
The bank's funding base remained stable in February. Customer funds increased by more than BYN 25 mln, including a BYN 15 mln growth in funds of corporates and small businesses. Since the beginning of the year private funding rose by more than BYN 40 mln, of which term deposits exceeded BYN 35 mln.
In February, Bank GPB (JSC) resumed comprehensive financial cooperation with Belgazprombank. In particular, Bank GPB (JSC) provided Belgazprombank a new loan in the amount of EUR 60 mln for developing small and medium-sized businesses in the Republic of Belarus, as well as restored uncovered limits on transactions with Belgazprombank in the sphere of trade finance, in money and foreign exchange markets.
Belgazprombank started an active utilization of the limit of JSC “Development Bank of the Republic of Belarus” in the framework of the program of financial support provided to small and medium-sized enterprises of the Republic of Belarus in 2021.
In February, Fitch Ratings issued a report on the bank containing key rating drivers which resulted in affirming Belgazprombank's ratings at the highest level possible for Belarusian issuers at present, capped by the country ceiling (“B”, Negative Outlook). It was noted that Belgazprombank retained a comfortable cushion of liquid assets, reasonable regulatory capital ratios, more resilient than domestic peers’ quality of loans, as well as a balanced structure of assets and liabilities.
