On the New Year’s eve Belgazprombank was awarded with a well-deserved title “The Best Partner Bank” of the Development Bank for supporting small and medium enterprises (SMEs). The program of financial support for SMEs has been implemented by the Development Bank since 2014 in order to facilitate access of small and medium-sized businesses to credit resources, as well as to expand opportunities for financial leasing transactions.
Rating agency Expert RA has assigned its credit rating of ‘byAA+’ with a stable outlook to Belgazprombank. Taking into account the adjustment for country risk, when transferred from the national rating scale of the Republic of Belarus to the national rating scale of the Russian Federation, Belgazprombank was assigned a credit rating of ‘ruВBВ+’, outlook stable.
In the framework of the banking product “Export Support” realized by Belgazprombank in cooperation with JSC “Development Bank of the Republic of Belarus” the period during which micro-, small and medium enterprises (MSMEs) can receive financing has been extended till October 2023.
Belgazprombank was awarded by the international payment system Visa in the nomination «The highest PV/TV ratio in Belarus» for the highest level of non-cash payments with Belgazprombank’s Visa bank payment cards. The share of non-cash transactions in the passing year reached 65.4% while the average indicator for the banking system of the Republic of Belarus amounted to 56%.
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.
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:
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 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 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.
On 8 December 2020 the Board of Directors of Belgazprombank unanimously adopted a decision to introduce changes to the Management Board of the bank (the decision executed by the Minutes No. 4 as of 8 December 2020).
On 31 August, Belgazprombank finalized its IFRS financial statements (unaudited) for a 6-month period ended 30 June 2020.
Fitch Ratings has kept Belgazprombank’s ratings unchanged placing them on watch. The action follows the decision of the National Bank of the Republic of Belarus to introduce on 15 June 2020 (for a maximum six months) the temporary administration at Belgazprombank and suspension of powers of the management board of Belgazprombank for the period of the temporary administration.
Fitch Ratings affirmed Belgazprombank’s Long-Term Issuer Default Rating (IDR) at 'B' with Stable Outlook.
The General Shareholders Meeting of Belgazprombank was held on 27 March 2020 and approved the bank’s 2019 performance results. The difficult epidemiological situation in the world caused by the coronavirus pandemic has made its adjustments. The meeting was held using a video conference system.
