trade finance limit for USD 4 million for Belarusky Narodny Bank
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).
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
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.
executes the integrated «SMArt Business»
SMEs support in Belarus and in order to expand access to financing
for target segment
the bank also promotes accessible trade finance
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.
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.
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.
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.
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