Belagroprombank and Helaba (Frankfurt am Main) signed General Loan Facility Agreement

On November 16, 2017 JSC Belagroprombank and Helaba Landesbank Hessen-Thüringen (Germany) entered into the General Loan Facility Agreement for Long-term ECA-covered Buyer’s Credits.

The formation of a solid contractual framework with a bank which has a strong financial position and an extensive client network in the industrialized regions of Germany, will expand the opportunities of JSC Belagroprombank in the sphere of organization of long-term financing for its clients’ foreign trade projects and will allow the implementation of transactions on the terms fully satisfying the needs of the bank’s customers.

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Helaba Landesbank Hessen-Thüringen is one of the leading banks in the financial centre of Frankfurt with a balance sheet total of around EUR 164 billion. Helaba offers financial services to companies, banks, institutional investors and the public sector, both within Germany and internationally. At the same time, it acts as central clearing institution and service provider for 40 per cent of German savings banks. On an international level, the bank acts through branches and representative offices in Paris, London, New York, Madrid, Moscow, Shanghai and Stockholm. The bank’s long-term issuer ratings are “A” with “stable” outlook assigned by Standard & Poor's, “A1” with “stable” outlook by Moody’s and “A+” with “stable” outlook by Fitch.