Belgazprombank

Belgazprombank Results For February 2021

Press office.

Based on performance in January-February 2021, Belgazprombank gained profit of BYN 17.4 mln, which is 4.6 times higher than for the same period of 2020.

Belgazprombank Results For February 2021

As of March 1, 2021, the assets of Belgazprombank were equal to BYN 4 bn.

The bank's funding base remained stable in February. Customer funds increased by more than BYN 25 mln, including a BYN 15 mln growth in funds of corporates and small businesses. Since the beginning of the year private funding rose by more than BYN 40 mln, of which term deposits exceeded BYN 35 mln.

In February, Bank GPB (JSC) resumed comprehensive financial cooperation with Belgazprombank. In particular, Bank GPB (JSC) provided Belgazprombank a new loan in the amount of EUR 60 mln for developing small and medium-sized businesses in the Republic of Belarus, as well as restored uncovered limits on transactions with Belgazprombank in the sphere of trade finance, in money and foreign exchange markets.

Belgazprombank started an active utilization of the limit of JSC “Development Bank of the Republic of Belarus” in the framework of the program of financial support provided to small and medium-sized enterprises of the Republic of Belarus in 2021.

In February, Fitch Ratings issued a report on the bank containing key rating drivers which resulted in affirming Belgazprombank's ratings at the highest level possible for Belarusian issuers at present, capped by the country ceiling (“B”, Negative Outlook). It was noted that Belgazprombank retained a comfortable cushion of liquid assets, reasonable regulatory capital ratios, more resilient than domestic peers’ quality of loans, as well as a balanced structure of assets and liabilities.
Belgazprombank extended subordinated loans from shareholders
Press office.

The major shareholders of Belgazprombank, PJSC Gazprom and Bank GPB (JSC), extended the subordinated loan provided in equal shares in the total amount of RUB 4.96 bn.

Fitch Affirms Belgazprombank at “B”
Press office.

On May 25, 2021 Fitch Ratings affirmed Belgazprombank's Long-Term Issuer Default Rating (IDR) at “B” with Negative Outlook, which is the highest rating possible for Belarusian issuers capped by the country ceiling.

Belgazprombank 2021 General Shareholders Meeting
Press office.

The Annual General Shareholders Meeting of Belgazprombank was held on 30 March 2020 in Minsk using a video conference system.

Gazprombank: we expect economic recovery in Belarus
Press office.

Bank GPB (JSC) issued a press release following the visit of Gulnara Khaidarshina, Deputy Head of Research Department, to the Republic of Belarus. The release confirms a positive view on economic recovery of Belarus:

Belgazprombank Attracts New Loan From Gazprombank
Press office.

Belgazprombank and Bank GPB (JSC) signed the agreement on providing EUR 60 million long-term loan facility in favor of Belgazprombank. The attracted funds will be used to finance the development of small and medium-sized enterprises in the Republic of Belarus.

Fitch Affirms Belgazprombank’s Ratings
Press office.

Fitch Ratings has affirmed Belgazprombank's ratings at the highest level possible for Belarusian issuers at present capped by the country ceiling - Long-Term Issuer Default Rating (IDR) at “B”, Negative Outlook.

Belgazprombank and Development Bank to further support small and medium-sized enterprises
Press office.

Since 21 January 2021 Belgazprombank has resumed financing small and medium-sized enterprises in the framework of the Program of financial support to small and medium-sized enterprises implemented by the Development Bank of the Republic of Belarus (hereinafter – the Program).

About the appointment of the Chairman of the Management Board of Belgazprombank and amendments to the positions of the members of the Management Board
Press office.

By the decision of the Board of Directors of Belgazprombank of 15 January 2021 Nadzeya Yermakova was appointed as the Chairman of the Management Board of Belgazprombank starting from 18 January 2021.

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