Belagroprombank participates in implementation of a large-scale investment project

On June 17, 2016 at JSC Belagroprombank’s premises a loan agreement was signed between FLLC BelDan and Nordic Environment Finance Corporation (NEFCO) on granting of financing for the investment project of construction of two agro–enterprises on production of bacon pork. JSC Belagroprombank is acting in the capacity of guarantor bank in this deal, issuing a respective guarantee in favour of the foreign financing corporation.

This project is significant for the agro-industrial complex of the Republic of Belarus. Modern technologies and know-how of livestock breeding will be used in the process of its implementation, which will contribute to enhancing the export potential of the country's agro-industrial complex in future.

The fact that JSC Belagroprombank’s guarantee is accepted as a collateral under the credit line to be provided is a clear evidence of a high level of confidence granted to the bank by the foreign corporation, as well as of the bank’s excellent reputation on the international markets and its image of a reliable partner for the foreign financial institutions in Belarus.

Reference: Nordic Environment Finance Corporation (NEFCO) – international financial institution, founded in 1990 by five North European countries: Denmark, Iceland, Norway, Finland and Sweden. NEFCO provides loans and investment capital with the aim of improving the environment of the Northern region, provides financing for environmental projects in different areas, including the use of renewable energy sources, in the Central and Eastern Europe countries, such as Russia, Belarus and Ukraine. The corporation's activity is focused on economically viable projects that provide regional environmental benefits. The Corporation's portfolio contains about 400 small and medium-sized projects in various areas.