News
02.03.2009

26 February, 2009 in Frankfurt Belarusbank and Ausfuhrkredit-Gesellschaft mbH (Germany) signed Credit Agreement for the amount of ?34,0 million.

This tied buyer credit was granted to Belarusbank against the security of the Government of the Republic of Belarus by the consortium of German banks: Ausfuhrkredit-Gesellschaft mbH, Commerzbank AG and Landesbank Baden-Württemberg that was the leader of the consortium during the project. The credit was granted for 5 years to finance production floor delivery for the purposes of gear wheels and axes of German company "Niles Simmons Industrieanlagen GmbH" processing for The Production Association of Minsk Tractor Works to total amount of €61,2 million.

Successful work experience of Belarusbank in the sphere of project financing together with leading German financial institutions made possible borrowing of German financial resources on beneficial terms to implement the project of the Production Association of Minsk Tractor Works.

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