Belarusbank has repaid on schedule the 145 USD million syndicated loan. This loan has been attracted in December 2010. The foreign banks Credit Suisse AG, OTP Bank Plc., VTB Bank (Deutschland) AG and a number of Russian banks (OJSC Promsvyazbank, OJSC Alpha-Bank etc.) acted as arrangers.
Timely fulfillment of obligations by the leading financial institution of the country is another positive sign for foreign partners concerning stable performance of Belarusbank and the financial system as a whole. The Bank once again has proved its impeccable reputation and added this successful transaction to its external market borrowing history.
According to the estimates of foreign experts, investing in the financial system of the Republic of Belarus and Belarusbank in particular combines attractive cost of funds with reliability and appears to be a good alternative to investing in companies and countries with higher ratings. Timely and complete fulfillment of obligations to foreign lenders discovers new opportunities for borrowing in the debt capital markets and makes more favorable market conditions expectable in future.