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EBRD increased the trade finance limit for USD 4 million for Belarusky Narodny Bank
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EBRD increased the trade finance limit for USD 4 million for Belarusky Narodny Bank

The European Bank for Reconstruction and Development (EBRD) increased the trade finance limit for BNB-Bank for USD 4 million due to the Agreement with the Netherlands Development Financial Company (FMO).

It bears reminding that in the year- earlier period the EBRD increased the limit for Belarusky Narodny Bank for USD 2 million. Within the frame of cooperation with the EBRD from the beginning of 2012 Belarusky Narodny Bank provided its clients with 58 guaranties for the value of more than USD 13 million. As a result of entering into the new agreement the EBRD has extended the possible maturity of provided guaranties up to 2 years, the amount of the provided line amounts to USD 7 million. The participation agreement with FMO increases the limit for USD 4 million with one year maturity. Therefore the total limit comes to USD 11 million at the moment.

Belarusky Narodny Bank executes the integrated «SMArt Business» program for SMEs support in Belarus and in order to expand access to financing for target segment the bank also promotes accessible trade finance instruments and guaranties for SMEs. Consulting and explanatory work of the bank with mass media contributes to upgrading the level of financial literacy of business clients, and as a result of this the quantity of foreign trade transactions is constantly increasing.

Belarusky Narodny Bank cooperates with international organizations under the Trade Finance Promotion Program (TFP) of the European Bank for Reconstruction and Development since 2011. Thanks to the TFP program, which is making good headway in the world since 1999, the clients of BNB- Bank, who take part in import-export operations, are provided with the safe financial backing at the best price and fulfill common projects with partners from China, Ukraine, the Baltics, Poland, Germany, Italy, France, Тaiwan, Turkey and other countries.

We are glad that customer demands grow alongside with our possibilities. Transactions with the trade finance instruments are more and more in demand due to both economic factors (they, in many cases, are more profitable than traditional credit facilities and contribute much to the de-risking) and thanks to the qualified service, incremental customer consulting back-up from bank application to successful completion of trading activities. Therewith, the reputation of Belarusky Narodny Bank and the experience in such contracts follow-up help SMEs feel more confident in the international arena and easily expand the bounds of the projects. The extension of limits for trade finance operations will strengthen the competitive edge of BNB-Bank, allow us to attract new customers with new interesting projects and become ever much more engaged in the TFP program, – commented CEO of BNB-Bank Constantine Tsereteli.

It is a great honor for us to begin our cooperation with FMO. We are glad that long-time acquaintance led to the signing of the agreement and our bank will manage to support SMEs of Belarus even more strongly, which is of prime importance in the tumultuous economic and foreign policy environment. We are sure as well that this agreement will be a fine launch pad for the expansion of cooperation between our organizations, and hereafter we cannot exclude the attraction of a credit line for the SME support, – commented Deputy CEO of BNB-Bank Sergey Sabuk.

About BNB-Bank

Belarusky Narodny Bank (BNB-Bank) with its head office in Minsk, Nezaleznasci ave., 87а 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 is the major strategic goal of the bank. Belarusky Narodny Bank is included in the top-5 of the most effective banks in Belarus.

About «SМАrt Business»

In 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!»

Launching the program «SМАrt Business» BNB-Bank set the following goals:

1) Provide and expand the access to the financing for SMEs;

2) Improve and raise the quality standards of services;

3) Create and develop the platform of experience exchange between entrepreneurs.

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