Belgazprombank

Fitch Ratings places Belgazprombank’s ratings on watch

Press office.

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

The ratings of Belgazprombank remain at the highest possible level for issuers from Belarus which is capped by the “B” Country Ceiling:

  • Long-term IDR “B”;
  • Short-term IDR “B”;
  • Support Rating “4”;
  • Viability Rating “b”.

The National Bank of the Republic of Belarus has confirmed its readiness to provide liquidity support to Belgazprombank in foreign and national currency in case of need. 

The bank’s ratings on watch could be removed if both (i) the period of the temporary administration is short-lived and does not result in significant erosion of the bank’s standalone credit profile; (ii) Belgazprombank’s owners regain control of the bank and retain their commitment to the market and to supporting Belgazprombank, if needed. 

For more details please visit Fitch Ratings webpage.
Fitch affirms Belgazprombank at ‘B’, Outlook Stable
Press office.

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

Belgazprombank 2020 General Shareholders' Meeting
Press office.

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.


Fitch Affirms Belgazprombank at "B", Outlook Stable
Press office.
Fitch Ratings affirmed the Long-term Issuer Default Ratings (IDR) of Belgazprombank at 'B' with Stable Outlook.
Belgazprombank 2019 General Shareholders' Meeting held in Minsk
Press office.

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 is the first to issue cards of international payment system UnionPay
Press office.

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 and Swiss bank entered into funded participation
Press office.

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.

Changes in the list of main Nostro accounts for payments in KZT
Press office.

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

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

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

Fitch upgraded Belgazprombank’s Rating
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.

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