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Foreign financial community investigates possibilities for extension of business relations with Belarusbank (press release)

24.03.2016

International conference Republic of Belarus: Trade Finance 2016 opened in Minsk on March 16, 2016.

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The conference brought together representatives of the banking, corporate and insurance sectors, and foreign investment community from Austria, Germany, Czech Republic, Poland, Russia, Slovakia, Japan, China, Italy, Finland etc. to analyze opportunities and development strategy in the area of trade finance.

Review of the Belarusian economic climate and prospects of the country's economy, the role of Belarus in the global financial arena, need of the Belarusian market for export and trade finance – these macrolevel issues were complemented by the topic of opportunities of Belarusbank in international trade finance and syndicated lending.

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Belarusbank acted as the General Sponsor. Commenting the bank’s participation in the event Chairman of the Board of Belarusbank Siarhei Pisaryk highlighted its relevance and expediency.

“In view of the emerging trends in global economy, certain economic sanctions against Russia and turbulence in Ukraine, our country can offer favorable business opportunities in the region for foreign investors,” underlined Siarhei Pisaryk. “In the context of geopolitical instability banks have a special role. Belarusbank aims at meeting the needs of economy and at the same time develops international business, attracting billions of dollars to the national economy. The number may grow as our foreign partners make sure of our openness and integrity. This conference serves to help that, as here our partners will get a macroeconomic review, case analysis in the financial sector and examine risks associated with Belarusbank”.

At the forum western partners demonstrated willingness to engage in constructive dialogue. For Belarusbank the development of international business is a priority. And this means a wide range of products in the sphere of trade and tied financing, documentary operations, export and pre-export credit in cooperation with national and international insurance companies, and assistance in holding business meetings, presentations, consultations both in Belarus and abroad. In the last 5 years the bank managed to attract foreign credit resources in the amount of 15 bln dollars in equivalent to the national economy.

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The conference includes topic threads, presentations and analysis of successful transactions in the area of trade finance in the Republic of Belarus, and extended meetings with participation of export credit agency (ECA club in Minsk).

 

Press service of Belarusbank

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