News
16.11.2007

Meeting of the representatives of the syndicated loan arrangers with the management of JSC JSSB Belarusbank (press-release)

In recent years JSC JSSB Belarusbank considerably expanded activities in Europe and Asia and currently works in collaboration with more than 200 foreign banks, national export credit insurance agencies, forfeiting companies, financial institutions. Due to our efforts, short-term and long-term foreign assets were raised to finance the national economy.

In September 2007 in London the agreement granting a syndicated loan to JSC JSSB Belarusbank in the amount of 105 mln. USD was signed. The arrangers of the loan were Banco Finantia (Portugal), Bayern LB and Commerzbank (Germany), OJSC VTB (Russia) and VTB Europe plc (Great Britain). Assets are granted for one year with the opportunity to prolong for the same period of time. This syndicated loan was favorable both by its size and cost.  

A delegation of representatives of arranging banks is arriving on 8th of November this year in Minsk to meet with the management of JSC JSSB Belarusbank in order to discuss the implemented project and prospects for cooperation. That is traditional amongst international financial market participants after a successful transaction.

Success of the project indicates professionalism of the bank specialists operating on the international financial market. The implementation of such a large-scale project confirms once more propriety of the JSC JSSB Belarusbank strategy aimed at expanding presence on the international market.

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