Credit card with the discount: the new product of JSC Belagroprombank
JSC Belagroprombank has started the issue of credit cards of the international payment service provider MasterCard* together with the loyalty program “Motsnaya kartka” the first in the Republic of Belarus.
The presentation of the new product “Credit card with the discount” took place on February 7, 2017 at the central office of JSC Belagroprombank during the press conference with the participation of JSC Belagroprombank representatives, MasterCard, LLC ProfMarketSystem and journalists.
The speakers of the press-conference: the Deputy Chairman of the Board of JSC Belagroprombank Vitali Kruk (at the center), the Head of Retail Banking department of JSC Belagroprombank Alexander Ledyan (the second on the left), the Vice-President of MasterCard in the Republic of Belarus Vadim Golovchits (the second on the right), the CEO of LLC ProfMarketSystem Oleg Zakharov (the first on the right)
The Deputy Chairman of the Board of JSC Belagroprombank Vitali Kruk has opened the press-conference on the occasion of the new card product launch of JSC Belagroprombank “Credit card with the discount”
The Deputy Chairman of the Board of JSC Belagroprombank Vitali Kruk has opened the press-conference:
– It is pleasant that JSC Belagroprombank has become the first bank in the Republic of Belarus which has offered the credit card of MasterCard with the loyalty program “Motsnaya kartka”. I am sure that it is going to become an interesting and useful new product for many Belarusians who are counting money. The product is multi-purpose as it accumulates all the possibilities of the modern payment instrument together with the “discount” card.
The presentation of the first credit card of the international payment service provider MasterCard in the Republic of Belarus together with the loyalty program “Motsnaya kartka”
In July, 2016 JSC Belagroprombank began to issue debit payment cards of the international payment service provider MasterCard with the loyalty program “Motsnaya kartka” the first in the Republic of Belarus.
And the “Credit card with the discount” of JSC Belagroprombank is the next product on the basis of MasterCard, a new one in the Belarusian market, intended to make purchase of goods in trade and service enterprises more convenient and less expensive. Today in our bank we have the favorable offer for those who will get the specified card among the first. The bank runs a campaign according to which for the borrowers signed the credit agreement before the 28th of April, 2017, the size of an interest rate within the first 180 days will make only 18% per annum, – Vitali Kruk has summed up.
During the press-conference the Head of Retail Banking department of JSC Belagroprombank Alexander Ledyan let guests of event into the details of the new loan product of JSC Belagroprombank.
The Vice-President of MasterCard in the Republic of Belarus Vadim Golovchits
– Together with our partners JSC Belagroprombank and “Motsnaya kartka" we continue to work on promoting and growth of non-cash settlement in the Belarusian market. Non-cash settlement and modern payment instruments give a number of advantages to cardholders, trade enterprises, banks, for the country in general. We hope that the new product will be appreciated and demanded because it combines a set of possibilities which will allow to make payment of daily purchases even more conveniently and favourably, – the Vice-President of MasterCard in the Republic of Belarus Vadim Golovchits comments.
The CEO of LLC ProfMarketSystem Oleg Zakharov
– The features of the loyalty program “Motsnaya kartka” in combination with a credit card are the following: complete package of discounts are applied to the price of goods according to a trade enterprise (service) policy paying by “Credit card with the discount” in distinction from “deferred payment cards”, – the CEO of LLC ProfMarketSystem Oleg Zakharov said at the meeting with journalists.
According to our card we apply a new concept - the term of “deferred payment parity” - is the term with which all your payments on the credit (a principal amount of loan and rate) will be equal to goods cost without discount (if you pay by “deferred payment card” the goods are paid for the cost without discount).
The “Credit card with the discount” provides to the client the choice to repay loan before the end of the “deferred payment parity” term – and receive economy on purchase at the expense of discount; to repay loan during the term of “deferred payment parity” and pay the bank the same amount as the price of the goods, if you pay by “deferred payment card”; to repay loan by five years, regulating payments on the credit according to the repayment ability.We are sure that the product first of all will be interesting to people who are used to count the money, take benefits, and they do not want to pay up on the credits at the expense of goods’ higher prices.
The discount according to a new card can be received in more than 3 thousand shops all over the country. It is possible to receive the maximum discount for goods providing one-time coupons which the client can receive for the saved-up points on “Motsnaya kartka” and in the coupon system “Compliment from the Bank”.
Background information:
JSC Belagroprombank has been operating since 1991. The main share in the authorized fund of the bank belongs to the Republic of Belarus represented by the State Property Committee - 85.3%.
The Bank holds the second stable position in the banking system of the Republic of Belarus on all essential points of business development: equity amount, assets, credit investments, amount of attracted funds of the population. The Bank forms more than 15% of the equity of the whole banking system; over 1/5 of credit resources have been provided by the Bank to business entities. The number of clients-individuals is over 2 mln people, and of corporate clients is over 48 thousand as of year-end 2016.
JSC Belagroprombank annually improves its position in the Top 1000 World Banks, as well as in the ranking 25 largest banks in Central and Eastern Europe according to an authoritative British magazine “The Banker”. As of year-end 2015 JSC Belagroprombank is named the “Best Bank in Belarus” according to the magazine bne IntelliNews.
MasterCard (NYSE: MA) is a technologic company engaged in the global payment industry. We manage the world’s quickest network on processing of payments that combines consumers, financial institutions, trading companies, governmental and business organizations in over 210 countries and territories. Products and solutions by MasterCard allow to tackle everyday tasks, for example, to make purchases, to travel, to run business and to manage finances easier, safer and more efficient.
LLC ProfMarketSystem is a developer of the republican loyalty program “Motsnaya Kartka”. It performs legal, technical and organizational support of the loyalty program “Motsnaya Kartka”. The loyalty program “Motsnaya Kartka” is a republican coalitional loyalty program that combines discount programs of over 300 trading networks of the Republic of Belarus on one bank payment card. 11 banks, 300 trading networks, shops and merchants offering discounts in more than 3 thousand merchants all over the country are engaged in the program. The credit cards with the logo of the loyalty program “Motsnaya Kartka” are issued by 10 banks of the payment systems BELCARD and MasterCard.
