Narodny Bank signed the agreement
the Development Bank of the Republic of Belarus to support SMEs
signed the agreement with the Development Bank of
the Republic of Belarus
and became one of the pilot participants of the program of financing
of small and medium enterprises.
signing ceremony of the agreement between Belarusky Narodny Bank and
the Development Bank was held on August 12, 2014.
As a result the long-term program aimed at providing financial
small and medium enterprises was launched. Primary
to finance micro, small and medium enterprises which conduct their
business in industrial and service sector.
the borrowers of credit resources with clear and obvious requirements
at acceptable price.
under the program includes all the steps of the
of SMEs from the very establishment to the sustainable functioning,
into new markets.
Credit resources are granted for 5 years.
rate is limited and differs from the predominant interest rates in
existing market in
a favorable way.
Bank invited several financial institutions to the pilot
participation in the program that possess required experience and
expertise at SME lending: BNB- Bank, Bank BelVEB and
the solemn ceremony of signing the agreement participated CEO of the
National Bank of the
Republic of Belarus Nadezhda Ermakova, Deputy Prime Minister of the
Republic of Belarus Piotr Prokopovich, Minister of Economic Affairs
of the Republic of Belarus Nikolay Snopkov, CEO of the Development
Bank Sergey Rumas, CEO of Bank BelVEB Pavel Kallaour, CEO of
Belgazprombank Victor Babariko, Deputy CEO of BNB-Bank Sergey Sabuk.
received under the entered agreement will be
used by Belarusky Narodny Bank for extension of loans to SMEs both in
the capital city and regions of Belarus. The clients’
financing needs for
modernization, building, capital
assets (buildings, constructions, machinery, vehicles,
equipment) for their industrial activities or rendering
will be met.
of SMEs to financial resources which are essential for realization of
investment projects and moreover, will provide targeted support by
funds in favor of more effective of the suggested initiatives.
this agreement and the start of the program is definitely the
remarkable event not only for Belarusky Narodny Bank, but also for
the overall business community. It indisputably confirms our
qualification and potential. More than 5 years the support of
is the major strategic objective of Belarusky Narodny Bank. And as a
result, in spring 2014 BNB- Bank, amalgamating different financial
and non- financial instruments announced the start of the “SМАrt
Business: Art of doing business” program supporting SMEs
order to meet the
constant high demand for SME loans
our bank discovers
the possibilities to draw the resources on favorable terms. At the
moment the amount of credit lines from foreign banks and development
institutions, such as IFC, EBRD, Triple Jump, NEFCO amounts to about
45 mln.USD. And now after signing of the agreement between our
bank and the Development Bank it will become possible to offer
financing in BYR on favorable terms. Moreover, being aware of the
of our clients, we realize that long-term cheap money in local
currency will allow SMEs
to become able
to meet competition,
contributing to employment, implementation of technological
and promotion of import substitution and capture of the domestic
market , and thus – to foster economic development and
prosperity in the future», – commented Deputy CEO of
BNB-Bank Sergey Sabuk.
Narodny Bank (BNB-Bank) with its head office in Minsk, Nezaleznasci
was founded in 1992. 10 service centers of BNB-Bank are
located in 4 cities of Belarus (Minsk, Gomel, Brest, Vitebsk).
Major shareholders are Bank of Georgia (79,99%) and IFC
(19,99%). BNB-Bank provides wide
range of services
for legal entities and individuals. Supporting of SMEs
the major strategic goal of the bank. Belarusky Narodny Bank is
included in the top-5 of the most effective banks in Belarus.
April 2014 by means of amalgamation of different financial and
non-financial services in a single set of measures, Belarusky Narodny
Bank announced the beginning of the «SМАrt Business»
program aimed at supporting of SMEs
in Belarus under the slogan «Art
of doing business!»
the program «SМАrt Business»
set the following goals:
Provide and expand the access to the financing
Improve and raise
the quality standards
Create and develop the platform of experience exchange between