Another international conference of Belarusbank took place in Frankfurt am Main (Germany) on the 5th of December 2006. The main objective of the conference was to introduce to foreign partners the strategy of Belarusbank’s presence on the international financial markets in 2007, and to attract foreign partners’ interest to the new projects of international borrowing which Belarusbank plans to implement in the near future. I.e. issuing and placement of Eurobonds, attraction of new syndicated loans and untied interbank loans.
More than 60 representatives of foreign financial and credit institutions, large clients of the bank and their foreign partners took part in the conference.
Representatives of Belarusbank headed by Deputy Chairperson of the Board Dr. Vladimir Novik emphasized positive growth dynamics of the Bank’s international presence, discussed historic aspects of international cooperation development, analyzed achievements of the bank in the field of different banking business acivities.
Taking into account presence of representatives of specific Belarusian enterprises (machinery, petrochemistry, agriculture, food industry, woodworking, trade and logistics) considerable attention was given to perspective opportunities of foreign investments in some branches of economy of the Republic of Belarus.
Representatives of foreign financial and credit institutions shared their experience of cooperation with Belarusbank. In particular Mr. Fisher, Vice-President of one of the largest European banks Commerzbank AG (Germany), noted that in recent years the banking system of Belarus shows only positive development dynamics, and Belarusbank is one of the most reliable and perspective partners for the German bank.
Mr. Johanes Heinlot, Vice-President of the bank BayernLB (Germany), which in 2006 organized two syndicated loans for Belarusbank, highlighted in his speech the considerable progress of Belarusbank in the sphere of attraction of untied financing and expressed hope for further development of effective cooperation.
The conference was aimed at attraction of financing from external capital markets through issue of Eurobonds of Belarusbank. Use of such mechanism of international borrowing would evidence the entrance of the bank to a new level of international presence.
It is obvious that a special conference for leading European financial and credit institutions became a significant step in realization of new, more ambitious projects of Belarusbank in the international financial market.
Besides holding the conference, a number of interbank agreements were signed in the frame of the visit of delegation of Belarusbank to Germany.
Term loan agreement for the amount of 6 million euro between Belarusbank and Bayern LB (Germany). This Agreement is the next step in establishment of mutually beneficial cooperation in the sphere of attracting the untied financing. Being an arranger of syndicated loans for Belarusbank in 2006, Bayern LB is also interested in direct lending to Belarusian bank.
Export master loan agreement between Belarusbank and Credit Suisse (Switzerland). The Agreement with a Swiss bank is the first in the history of Belarusbank. It will allow to extend the geography of cooperation of Belarusbank in the sphere of long-term financing attracting under the insurance cover of National Export Credit Agencies, and to optimize structure of transactions to finance investment needs of our clients with foreign credit lines.