“Expert RA” assigned a credit rating to Belgazprombank at the level of “BB” on the International Scale with a “stable” outlook. Upon applying the methodology for comparing credit ratings assigned on the international rating scale with credit ratings assigned on national rating scales, “Expert RA” reviewed and assigned to Belgazprombank credit ratings of “byAAA” on the Belarus National Scale with a “stable” outlook and “ruA-” on the Russia National Scale with a “stable” outlook.
Belgazprombank’s standalone creditworthiness assessment on the Belarus National Scale was upgraded to “byAAA” from “byA+”.
The decision to assign the ratings at the highest possible level for issuers from the Republic of Belarus, which is limited by the country ceiling, was made by the agency on the basis of a combination of factors.
In its release, “Expert RA” notes the maintained share of Belgazprombank in the assets of the country’s banking system (about 4%), high asset quality, sufficient capital adequacy buffer alongside high profitability, high assessment of the liquidity position and funding profile. Expert RA continues to point out operational regulation in place in accordance with high standards of the group to which the bank belongs. The latter determines the high assessment of the corporate governance block of Belgazprombank.
The full text of the rating release by “Expert RA” is available on the agency’s official website.
For information:
“Expert RA” is the largest rating agency with a 29-year history, founded in 1997, and to date is the oldest and largest credit rating agency in Russia both by customer base and by number of employees. As at 1 July 2026 “Expert RA” maintained more than 1100 credit ratings, including 535 issuer ratings and 586 bond ratings.
Belgazprombank, established in 1990, is one of TOP-8 Belarusian banks by assets and is recognized as a systemically important bank by the National Bank of the Republic of Belarus. High capitalization (as at 1 September 2026 the regulatory capital amounted to BYN 1,2 bn) allows Belgazprombank to implement important country-scale projects, including cross-border projects, as well as to expand support for its key client segment – small and medium-sized companies – using a broad range of banking instruments and high-tech services.
