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Belarusbank and Stadler Rail Group AG discuss cooperation prospects (press release)

28.05.2014

A delegation from Stadler Rail Group AG visited Belarusbank on May 23, 2014 to outline further cooperation prospects. According to Belarusbank Chairman of the Board Siarhei Pisaryk, the bank is going to further support investment initiatives of its customers, which are the leading Belarusian companies.  

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Chief Financial Officer of Stadler Rail Group AG Hansruedi Geel was particularly interested to dwell on the organization of banking business and the level of authority in the sphere of cooperation with foreign investors. In his words, Stadler Minsk JSC is functioning as the base station of the Swiss company in Eastern Europe. In turn, Siarhei Pisaryk assured representatives of Stadler Rail Group AG that Belarusbank can offer flexible cooperation schemes, prompt decision-making, confidentiality, individual approach and access to the whole range of banking services and products.

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Cooperation history

March 19, 2010. Belarusbank and Zürcher Kantonalbank signed an agreement to guarantee the supply of 10 Flirt electric trains made by Stadler Bussnang AG to Belarusian Railways. The value of the contract was EUR 61.5 million.  

2012. Establishment of a joint company called Elektricheskiy Transport (present name Stadler Minsk, has account with Belarusbank).

April 16, 2013. Belarusbank, UBS AG, Credit Suisse and Zürcher Kantonalbank signed an agreement to guarantee the supply of 6 Flirt electric trains to Belarus. The value of the contact was EUR 46 million.  

September 17, 2013. Representatives of Belarusbank and Stadler Rail AG met to discuss the most promising cooperation opportunities.

April 25, 2014. Belarusbank, UBS AG, Credit Suisse, Zürcher Kantonalbank signed another agreement to cover the supply of 2 Flirt trains (EUR 20.3 million).

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Belarusbank press service

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