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BNB-Bank attracted a new syndicated facility in the amount of USD 20 mln
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09.08.2016

BNB-Bank attracted a new syndicated facility in the amount of USD 20 mln

Belarusky Narodny Bank and the European Bank for Reconstruction and Development (EBRD) concluded a new syndicated loan agreement in the amount of USD 20 million.

Participants of the deal are European financial organizations, some of them are tapping the Belarusian market for the first time. The facility consists of 2 parts: USD 5 million and USD 15 million. USD 5 million is provided by the EBRD, and the remaining USD 15 million will be provided by four European financial institutions, i.e. Dutch development bank FMO, Bank im Bistum Essen eG (BIB), the European Fund for Southeast Europe (EFSE) and Triodos Investment Management.

This facility is unique for the bank due to the record amount of funds from many new participants from Western European countries as well as due to the long maturity – up to 4 years.

It is necessary to note that this is not the first syndicated deal for BNB-Bank: in 2014 2 agreements were concluded with the EBRD and IFC in the amounts of USD 12 mln and USD 13 mln accordingly.

The attracted funds will be used for development of private business lending.

In the press-conference after the official signing of the loan agreement took part: EBRD Senior Banker and Head of the Financial Institutions Team in Belarus Valdas Vitkauskas, EBRD Principal Banker of Financial Institutions Department Jahan Shamsiev, EBRD Senior Banker of Loan Syndications Christian Kleboth, First Deputy Chairman of the Board of the National Bank of the republic of Belarus Taras Nadolny, Director of the Entrepreneurship Department of the Ministry of Economics of the Republic of Belarus Petr Arushanyants and CEO of BNB-Bank Constantine Tsereteli.

The deal evidences that BNB-Bank and the banking system generally have gained confidence of Western financial institutions. Attraction of external resources into the country for growth and development of small and medium enterprises is one of our key tasks. This is the third project materialized by BNB-Bank on the international syndicated lending market, the amount of the project essentially exceeds the previous deals. BNB-Bank accords a thank to all the participants of the syndicated facility and congratulates on the successful deal, BNB CEO Constantine Tsereteli pointed out.

This is a significant deal for both the EBRD and BNB-Bank as well as for development of private business in Belarus. Due to utilizing the facility small and medium enterprises will get access to long-term financing, which is of great importance for development and business expansion of local private companies, – EBRD Head of the Financial Institutions Team in Belarus Valdas Vitkauskas stated.

BNB-Bank pays special attention to active attraction of foreign investments to Belarus and systematic development of cooperation with international financial institutions in order to reinforce the funding base of support of small and medium enterprises.

BNB-Bank reached significant results in this sphere due to professional management and high level of organization of international business in the bank. As of 1 August the amount of funds attracted from Western investors was USD 76 mln.

About the European Fund for Southeast Europe

The European Fund for Southeast Europe (EFSE) fosters economic development and prosperity in 16 low- and middle-income countries in Southeast Europe and the Caucasus by ensuring adequate and sustainable financing for MSMEs. The fund’s local partners on-lend EFSE investments as long-term financing primarily to micro and small enterprises and provide access to capital to private households in the form of home improvement loans. The EFSE is the first public-private partnership of its kind and was the first privately managed development fund to leverage private monies to finance micro, small and medium enterprises (MSMEs) in the regions it serves.

Additional information is available at www.ebrd.com

About Belarusky Narodny Bank

Belarusky Narodny Bank (BNB-Bank) was established in 1992. Its head office is located in Minsk, Nezavisimosti ave., 87а. Fifteen service centers of BNB-Bank are located in 5 cities of Belarus (Minsk, Gomel, Brest, Vitebsk, Mogilov). The major shareholders are Bank of Georgia (79,99%) and IFC (19,99%). BNB-Bank provides wide range of services to legal entities and individuals. Support of SMEs is the major strategic goal of the bank.

Belarusky Narodny Bank was named the most dynamic bank of Belarus. By the end of 2015 Belarusky Narodny Bank was the forth in the Rating of the most effective Belarusian banks. Also by the end of 2015 Belarusky Narodny Bank moved to the 12th position among 26 Belarusian banks by three key indicators: assets, gross loan portfolio and volume of client deposits. In 2015, the financial literacy project of the bank was recognized as the best project in the area of corporate social responsibility.

In 2014 Belarusky Narodny Bank launched “SMArt Business” program for support of SMEs in Belarus with the motto “Art of running business” which comprehends a combination of different financial and non-financial services in the single package. Main aims of the program are:

1) to provide and broaden access of SMEs to financing;

2) to improve and raise standards of service quality;

3) to create and develop the platform of experience exchange between entrepreneurs

 
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