Credit Operations

Dear heads of organizations and enterprises!

Belarusbank is primarily focused on supporting innovation of economic development by submitting lending resources to the manufacturing sector using knowledge intensive and resource saving technologies, that exports its products and produces import substitutes.

When providing loan support the Bank gives preference to organizations with access to foreign markets to increase country's export potential.

For purposes of further development of the agricultural sector and social sectors in rural areas connected to it, as well as to ensure food security of the Republic of Belarus, the Bank provides loans to purchasing companies that process agricultural raw materials, grants credits for their reconstruction and modernization, and for creation of high-performance, environmentally friendly technologies for foodstuff manufacturing.

Belarusbank continues stimulating development of small and medium enterprises, including development of entrepreneurial activity in small and medium cities, by providing microcredits for projects.

Lending

Belarusbank provides loans to legal entities and individual entrepreneurs (including newly established small and medium enterprises) on a short-term and long-term basis:

  • for investment activities;
  • for current activities.

Loans are provided by:

  • nonrecurrent provision of funds;
  • opening of a credit line (including a revolving line of credit).

Documents that legal entities must provide to the Bank to obtain a credit:

  • Financial and accounting statements;
  • cashflow forecast for the crediting period (when the loans are provided not for financing of current activities);
  • documents regarding collateral for obligations;
  • applicant's consent to provide a credit report drawn up in accordance with Belarusian legislation;
  • certificate of indebtedness under loans (other active operations), including overdue indebtedness, indebtedness in other banks and terms of its repayment;
  • business plan of an investment project or feasibility study of project's viability when a loan is provided for long-term (noncurrent) assets creation and flow;
  • other documents depending on the nature of a project.

If there is no any current (settlement) accounts with the bank, legal entities should additionally provide the documents necessary to open a current (settlement) bank account.

Individual entrepreneur provides the following information regarding its financial and economic activity:

  • main accounting documents for at least 3 months period (income and expenditure ledgers, books for recording proceeds from sale of goods (works, services), raw materials and supplies, accounting register used for recording of revenue receipts and of cash withdrawals in cash offices, and/or other accounting documents);
  • document confirming payment of a common tax for the last reported quarter – when paying a common tax; copy of a quarterly tax declaration (calculation) for income tax for the last reported quarter – when paying income tax; copy of a tax declaration (calculation) for tax for the last monthly date within a simplified tax system – if a simplified tax system without accounting records maintenance is applied;
  • cashflow forecast for the crediting period (when the loans are provided not for financing of current activities);
  • business plan of an investment project or feasibility study of project's viability when a loan is provided for long-term (noncurrent) assets creation and flow;
  • documents regarding collateral for obligations;
  • applicant's consent to provide a credit report drawn up in accordance with Belarusian legislation;
  • certificate of indebtedness under loans (other active operations), including overdue indebtedness, indebtedness in other banks and terms of its repayment;
  • other documents depending on the nature of a project.

A simplified package of documents is applied to microcredits.

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