Belgazprombank

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.

Belgazprombank Attracts New Loan From Gazprombank
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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.

Fitch Affirms Belgazprombank’s Ratings

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).

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

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.

About the appointment of the Chairman of the Management Board of Belgazprombank and amendments to the positions of the members of the Management Board
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Fitch Ratings has affirmed Belgazprombank's “B” Long-Term Issuer Default Rating (IDR) with Negative Outlook removing the bank’s ratings from Rating Watch Negative.
Fitch Affirms Belgazprombank at “B”

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).

New Management Board of Belgazprombank has been appointed

On 31 August, Belgazprombank finalized its IFRS financial statements (unaudited) for a 6-month period ended 30 June 2020.

Belgazprombank key performance results for 8M 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 places Belgazprombank’s ratings on watch

Fitch Ratings affirmed Belgazprombank’s Long-Term Issuer Default Rating (IDR) at 'B' with Stable Outlook.

Fitch affirms Belgazprombank at ‘B’, Outlook Stable

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.


Belgazprombank 2020 General Shareholders' Meeting
Fitch Ratings affirmed the Long-term Issuer Default Ratings (IDR) of Belgazprombank at 'B' with Stable Outlook.
Fitch Affirms Belgazprombank at "B", Outlook Stable

The bank's 2019 performance results were approved by the General Shareholders' Meeting of Belgazprombank held on 22 March 2019 in Minsk in the conference hall of Hotel "Europe". The bank's activities in 2018 were aimed at achieving the indicators defined by the Strategic Development Plan for 2017-2020.

Belgazprombank 2019 General Shareholders' Meeting held in Minsk

Belgazprombank became the first bank in Belarus which started issuing cards of international payment system UnionPay. This was announced at the press-conference held on February 21, 2019 at the gallery Art-Belarus, which was attended by the Main Representative of UnionPay International in Russia and Belarus Sasha Fanj, the Deputy Chairman of the Managing Board of Belgazprombank Kiryl Badzei and the Director of Retail Business Development and Support Department Dmitry Furs.

Belgazprombank is the first to issue cards of international payment system UnionPay

The funded participation (consortium) agreement provides for the pooling of resourses provided by Belgazprombank, Gazprombank (Switzerland) Ltd and other foreign investors in order to participate in the funding of Belarusian companies. Purposes for which the loans can be provided are not limited and include, for instance, the financing of working capital, investment projects and trade financing.

Belgazprombank and Swiss bank entered into funded participation

Dear Customers! Herewith please be kindly informed about the change in the correspondent account number of Belgazprombank for payments in KZT.

Changes in the list of main Nostro accounts for payments in KZT

Dear Clients! Please be kindly advised of the changes in the list of main Nostro correspondent accounts of Belgazprombank in USD and EUR.

Information about changes in the list of main Nostro accounts
Press office .

Fitch Ratings has upgraded Belgazprombank’s Viability Rating (VR) to ‘b’ from ‘b-‘. It has also affirmed the Long-Term Issuer Default Ratings (IDRs) of Belgazprombank at 'B' with Stable Outlook.

Fitch upgraded Belgazprombank’s Rating
During the meeting in Minsk Belgazprombank and Helaba signed the general agreement on long-term financing of trade projects.
Belgazprombank and Helaba agreed on long-term financing of international trade
The syndication includes two tranches – 1.5 and 2 years respectively with the option to extend maturity for the same term.
Belgazprombank attracted a syndicated loan in the amount of EUR 117.5 mln

Belgazprombank won the prestigious award from VTB Bank (Europe) SE - "STP Award 2017 Best in Class" for the outstanding quality of processing of commercial payments in euros in 2017. The award was presented to the Settlement Center of Belgazprombank at the ceremony during the 10th Forum held by VTB Bank (Europe) SE in Moscow for its correspondent banks.

Belgazprombank awarded for high quality EUR payments processing
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