Eurasian Development Bank (EDB) provides JSC Belagroprombank with USD 30 mln. loan facility
On December 28, 2016 Eurasian Development Bank and Belagroprombank have signed an agreement for USD 30 mln. renewable loan facility with a 5-year tenor.
This loan facility will be used by Belagroprombank to finance trade transactions of its clients with their partners from the EDB member states. The currency of financing can be US dollars, euro, tenge or Russian roubles.
«This year our bank has celebrated its 25th anniversary. This respectable date has been commemorated by our high achievements in all business areas including international cooperation and successful accomplishment of a series of unique deals with our foreign partners. The agreement with Eurasian Development Bank signed at the end of the anniversary year has become a peculiar finale of the festive symphony of the achievements of Belagroprombank. This loan facility will become an additional source of funds to satisfy our clients’ need for foreign trade finance at very attractive rates. It will definitely contribute to an increase of goods turnover between companies of the EDB member states and facilitate the further development of integration processes», the Press Secretary of JSC Belagroprombank commented.
JSC Belagroprombank is one of the largest state-owned banks of the Republic of Belarus which is historically constant in its top ranking in banking services and holds the second position in assets and equity amount, loan and deposit volume in the banking system of the Republic of Belarus. The Bank enjoys a broad branch network in the Republic of Belarus. The Bank ranks 787th in Top 1000 banks of the world and 18th in Top 25 banks of Central and Eastern Europe published by The Banker magazine for 2015. The Bank cooperates with more than 100 partners worldwide in trade finance sphere. The Bank has about 2 mln. retail and 50 000 corporate clients.
Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies of the EDB member states, their sustainable economic growth and expansion of mutual trade and economic relations. EDB’s charter capital totals USD 7 bln. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan.
