Interbank preferential financing of Belarusian exports
Belarusbank may provide interbank export financing as part of the implementation of Decree of the President of the Republic of Belarus No. 534 "On promoting the Development of Export of Goods (Works, Services)" on the following conditions:
- In Chinese yuan, Russian and Belarusian rubles (other currencies may be considered);
- Up to 100% of the value of the export contract (for a period less than 1 year) and up to 85% of the value of the export contract (for a period more than 3 years);
- Insurance – insurance coverage of Eximgarant of Belarus;
- The list of goods to be financed is determined by the Resolution of the Council of Ministers of the Republic of Belarus dated 05.05.2021 No. 262 "On Export Support and Insurance";
- The cost of financing is determined by the Resolution of the Council of Ministers of the Republic of Belarus dated January 24, 2023 No. 58 "On the Conditions of Export Financing":
|
Goods |
Currency |
EAEU member states |
Some countries of Asia, Africa and Latin America (”Far arc countries”) |
Other countries |
|
Investment goods |
BYN |
2/3 of the refinancing rate of the National Bank of the Republic of Belarus |
1/2 of the refinancing rate of the National Bank of the Republic of Belarus |
3/5 of the refinancing rate of the National Bank of the Republic of Belarus |
|
RUB |
2/3 of the key rate of the Bank of Russia |
1/2 of the key rate of the Bank of Russia |
3/5 of the key rate of the Bank of Russia |
|
|
CNY |
1-year LPR |
1-year LPR minus 0.75 |
1-year LPR minus 0.25 |
|
|
Intermediate, consumer-oriented and other goods (works, services) |
BYN |
4/5 of the refinancing rate of the National Bank of the Republic of Belarus |
2/3 of the refinancing rate of the National Bank of the Republic of Belarus |
3/4 of the refinancing rate of the National Bank of the Republic of Belarus |
|
RUB |
4/5 of the key rate of the Bank of Russia |
2/3 of the key rate of the Bank of Russia |
3/4 of the key rate of the Bank of Russia |
|
|
CNY |
1-year LPR plus 1.25 |
1-year LPR minus 0.25 |
1-year LPR plus 0.25 - |
Interaction steps:
- Export contract / draft of Export contract
- Exporter's application to Belarusbank
- Importer's application to Importer's bank
- Deal structuring between above mentioned banks
- Conclusion of a loan agreement between the Importer's bank and the Importer
- Conclusion of an interbank loan agreement upon getting insurance coverage and approval by the Ministry of Finance of the Republic of Belarus
- Payment under the Export contract using funds of an interbank loan.
For export financing using the interbank lending mechanism, please contact:
International Business Department
Tel.: + 375 17 309 06 88
Tel. +375 (17) 309 05 32
E-mail: export.finance@belarusbank.by
