Perfect credit history of Belarusbank is the basis for successful cooperation with international credit institutions

At a developing stage the national economy of the Republic of Belarus faces lack of own financial resources for technical reequipment and construction. Therefore the attraction of foreign funding has a great importance. The foreign credit resources of Belarusbank grew by almost USD 340 million in equivalent (65% increase) and amounted to USD 860 million as of July 1, 2010.

Over 40 new loan agreements totally amounting to USD 180 million have been concluded with the aim of financing investment projects of Belarusbank's clients for purchasing modern foreign technologies and equipment. The banks of almost all European countries are among creditors of the bank. The range of Belarusbank's partners has recently increased due to the expansion of cooperation with banks from the East and Asia (China and Taiwan).

In 2010 Belarusbank became the first among the Belarusian banks to attract a syndicated loan in the post-crisis period. The announced preliminary syndication in the amount of USD 30 million was increased two fold and the final amount of the loan reached USD 60 million. The terms and conditions of the loan are almost the same as before the crisis that evidences the permanent interest of foreign investors to Belarusbank as well as to the Belarusian economy.

Increasing of the trade financing limits, documentary and interbank operations including FOREX by USD 200 million (in equivalent) by the foreign banks in the first half year also demonstrates the interest to Belarusian economy. The limit of these operations has currently exceeded USD 1.3 billion.

Such results of cooperation with the international credit institutions became possible due to the perfect credit history of the bank starting from 1990s.

As it has already been announced in December 2009 Belarusbank became the first among other Belarusian banks to conclude a cooperation agreement (Memorandum of understanding) with Japanese export and investment insurance agency NEXI. This fact is an evidence of activation of Belarusian and Japanese relationship and will contribute to the implementation of joint projects and increase of the trade turnover between our countries.

If you have noticed any discrepancy, please, highlight it and press Ctrl+Enter
Print