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Belagroprombank to offer untied lending

Belagroprombank will consider the possibility of coming out into the open financial market with untied lending, Belagroprombank Deputy Chairman of the Board Sergei Kobrinsky told media on 21 July. 

In September the bank will pay out a $55 million syndicated loan and will be ready for new projects. At the beginning of the autumn Belagroprombank plans to advance into the open financial market. “September is a traditional period for livelier financial activity. We will have to determine our potential partners in order to state the structure of the deal,” he said. Sergei Kobrinsky did not reveal the details but said they will be available in early September. He added that the bank will get new partners and the geography of cooperation will expand. 

Representatives of Belagroprombank as well as other Belarusian banks took part in a roundtable session in Minsk on 21 July. The session was held as part of the visit of an Italian banking industry delegation to Belarus. According to Sergei Kobrinsky, Belagroprombank successfully cooperates with . “At present cooperation with is more than promising because unlike in other countries the cost of funding in remains the same for us,” he said. By now Belagroprombank has implemented over 100 projects worth over €50 million with .

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