Home Page Enter a question Site Map
Рус | Бел |
  Bank of Georgia Group  
You are now:  Home > News > Press Release > Belarusky Narodny Bank attracts US$ 12 million by debut syndicated loan: the agreement with EBRD was signed in London
Belarusky Narodny Bank attracts US$ 12 million by debut syndicated loan: the agreement with EBRD was signed in London
Send Print


Belarusky Narodny Bank

attracts US$ 12 million by debut syndicated loan:

the agreement with EBRD was signed in London

November 21, 2014, London – Belarusky Narodny Bank made a deal with the European Bank for Reconstruction and Development for a syndicated loan of up to US$ 12 million for the period of up to 4 years.

By this agreement Belarusky Narodny Bank will receive the syndicated two-level loan which includes the A loan of up to US $ 5 million that is provided directly by the European Bank for Reconstruction and Development (EBRD), and the B loan of up to US $ 7 million, which will be syndicated to other participants: Incofin Investment Management (Belgium) and the European Fund for Southeast Europe (EFSE, Luxembourg). The resources are provided to support the development of SMEs.

We highly appreciate trust and support of our partner, the European Bank for Reconstruction and Development, which helps us to attract much needed financial resources for SME initiative in Belarus. Moreover, we are pleased to expand the range of Belarusky Narodny Bank partners by attracting such institutions as Incofin and EFSE. The assistance and backing up of the SMEs’ progress are the key points of BNB-Bank’s activity.

We are interested in the development of the opportunities to attract cheaper long-term resources, as well as in diversification of the funding base that will enable our bank to fully meet the growing demand of the target segment (the SME) for financing. Therefore, we will continue to work in this direction”, said Mr. Constantine Tsereteli, Chief Executive Officer of Belarusky Narodny Bank.

It is a great achievement for us to conclude this agreement. With this transaction, we have attracted the first syndicated loan in the history of our bank. In spite of the difficult foreign policy and economic conditions in our region during the negotiations, the transaction has been successfully completed. Also it is worth saying that this is one of the few long-term syndicated loans in the history of Belarus, furthermore, with the composition exclusively from Western European partners, structured on the basis of English law’’, said Mr. Sergey Sabuk, Deputy CEO of Belarusky Narodny Bank.

This syndicated loan is another significant step to the successful implementation of Belarusky Narodny Bank’s strategy of international business development and attraction of foreign loans to support SMEs.

About BNB-Bank

Belarusky Narodny Bank (BNB-Bank) was founded in 1992. Its head office is located in Minsk, Niezaleznasci ave., 87а. 11 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 European Bank for Reconstruction and Development:

European Bank for Reconstruction and Development (EBRD) is an investment mechanism, created in 1991 by 61 countries and two international organizations to support the market economy and democracy in 34 countries from Central Europe to Central Asia. The EBRD is the major investor in the region that with providing its own funds, attracts significant amounts of foreign direct investment. The EBRD invests mainly in private enterprises usually together with its commercial partners.

About EFSE:

European Fund for Southeast Europe (EFSE) was established by KfW Development Bank with financial support from the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. The mission of this fund is to foster economic development and prosperity of the countries of South-Eastern Europe and the South Caucasus region. Since access to finance is a key factor of successful development of micro, small and medium-sized enterprises, EFSE aims its main activity at assisting local financial sectors to enhance their capacity to provide adequate and stable financing. It aims to enhance investments, the main EFSE development instrument, that helps EFSE to provide its partners, credit institutions, technical assistance, consulting and training services for the formation and development of operational capacity and professional managemen

About Incofin Investment Management (IM):

Incofin Investment Management (Belgium) manages Impulse Microfinance Investment Fund, the assets of which are more than 100 million euros.

Incofin IM advises investment funds with a double bottom line which pursue social and financial results and has more than US$ 550 million under the consulting fund. Incofin IM invests in microfinance institutions, producer organizations and companies in developing countries which generate developmental impact. Incofin IM’s target investees have a potential for growth and a healthy financial structure, but also attach great importance to relevant social aspects. From its head office in Belgium and offices in Colombia, Kenya and Cambodia and through the advisory team in India, the company finances and supports 119 investees in 42 countries.

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

Currency exchange rates
Buy Sell
USD 1.9010 1.9100
EUR 2.0770 2.0930
Exchange rates can vary throughout the day at 9am, 12.10pm, 14.10pm and 16pm.
Currency Conversion  
USD EUR 1.0960
USD RUB 62.0000
EUR USD 1.0840
EUR RUB 68.0000
RUB USD 63.5000
RUB EUR 69.2000
Our Locations  |  Rates&Conditions  |  Help&FAQ
Copyright © 2012 Belarusky Narodny Bank. All Rights Reserved.
+375 17 309 7 309  |  customer@bnb.by