For the first time Framework Agreement with French and Belgium banks has been signed

On September 9, 2010 a signing of Multisource Framework Agreement between Belarusbank on the one hand and BNP Paribas and BNP Paribas Fortis on the other hand took place in Paris. From Belarusbank side the Agreement is signed by Deputy Chairperson of the Board Vladimir Novik.

 

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Paris, France, Framework Agreement signing ceremony

In the center (from left to right): Oliver Paul - Global Head of Export Finance, BNP Paribas;

Vladimir Novik - Member of the Management Board, Deputy Chairperson of the Board, Belarusbank. In the background (from left to right): Bruno Cloquet - Head of Export Finance Europe, BNP Paribas; Alexandre de Vathaire - Head of Export Finance Switzerland, BNP Paribas; Yasser Henda - Deputy Global Head of Export Finance, Head of Regional Development & Origination, BNP Paribas.

 

BNP Paribas has become the first French bank which concluded Framework Agreement with Belarusbank. This Agreement offers new challenges of attracting French long-term capital into Belarus economy. Taking into account the fact that COFACE (French Export Credit Agency) for the first time set in 2010 a limit for Belarus in the amount of EUR 500 mln the conclusion of the Framework Agreement with the largest French bank becomes a natural and important step in strengthen of economic relations between Belarusian and French business. The Banker ranks BNP Paribas as the 8th biggest bank in the world and the 1st biggest in France by Tier 1 capital.

 

The third party who signed the Agreement was Belgium Fortis Bank which had joined BNP Paribas Group in May 2009 and is acting now under the name of BNP Paribas Fortis. The bank is ranked as the biggest one in Belgium by Tier 1 capital.

 

This Framework Agreement allows concluding loan agreements on its basis for attracting financing for import of French and Belgium equipment to Belarus.

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