Fitch Affirms Belgazprombank at “B”

Press office.

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.

Fitch Affirms Belgazprombank at “B”

The ratings action is driven by potential support the bank could receive, if required, form its joint Russian owners, PJSC Gazprom (BBB/Stable) and Gazprombank (Joint-Stock Company) (BBB-/Stable), each holding a 49.82% stake. Ratings are also underpinned by Belgazprombank’s standalone profile, which is influenced, among other factors, by the bank’s assets quality.

The ratings of Belgazprombank affirmed by Fitch Ratings:

Long-term IDR: “B”, Outlook Negative; 

Short-term IDR: “B”;

Support Rating: “4”;

Viability Rating: “b”.

For full rating report, please visit the official site of Fitch Ratings at
Belgazprombank extended subordinated loans from shareholders
Press office.

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.

Belgazprombank 2021 General Shareholders Meeting
Press office.

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

Gazprombank: we expect economic recovery in Belarus
Press office.

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:

Belgazprombank Results For February 2021
Press office.

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.

Belgazprombank Attracts New Loan From Gazprombank
Press office.

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.

Fitch Affirms Belgazprombank’s Ratings
Press office.

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.

Belgazprombank and Development Bank to further support small and medium-sized enterprises
Press office.

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).

About the appointment of the Chairman of the Management Board of Belgazprombank and amendments to the positions of the members of the Management Board
Press office.

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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