Belarusbank, AK BARS BANK discuss expansion of bilateral cooperation
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22.03.2019

Belarusbank, AK BARS BANK discuss expansion of bilateral cooperation

Top executives of Belarusbank and Russia’s AK BARS BANK met in the head office of the Belarusian bank in Minsk to discuss the further expansion of the bilateral relationship.

The two financial institutions have a long history of cooperation. Recently their bilateral relationship has entered a new vigorous phase. In December 2018 AK BARS BANK arranged a syndicated loan for Belarusbank, which was characterized as the largest syndication transaction over the preceding 18 months. The transaction enabled the Belarusian bank to raise EUR 151 million.

During the meeting the parties talked about the main areas of business of the two banks and identified new ways to expand their cooperation.

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(Photo: Managing Director of AK BARS BANK Mark Rubinstein, Deputy Chairman of the Board of AK BARS BANK Yuri Mikhailov, Chairman of the Board of AK BARS BANK Zufar Garayev, First Deputy Chairman of the Board of Belarusbank Aliaksandr Paliuka, Executive Director of Belarusbank Mikhail Kulichkou, Director of Belarusbank’s International Business Department Vasili Aliakseyeu)

Following the meeting Chairman of the Board of AK BARS BANK Zufar Garayev wrote a message in Belarusbank’s Book of Honorary Guests.

For reference:

AK BARS BANK has been present in the financial market of Russia since 1993. As of March 1, 2019, the bank’s branch network comprised 233 outlets located in the cities and towns of the Russian Federation. The bank provides over 100 types of banking services to corporate and retail clients.

Communications Department 

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