Belagroprombank Raised €13.5 Million Loan
Belagroprombank raised €13.5 million loan to finance supplies of equipment from Israel. Under the cover of the State Insurance Corporation Export ASHRA the loan has been extended for seven years again. The limit on Belarusian banks was increased in early 2011. It is to ensure that projects of Israeli business in Belarus are backed up with investments and loans. To discuss further cooperation, the representatives of the Israel Export Insurance Corp. Ltd. ASHRA visited Belagroprombank in March 2011.
Belarusian Bank looks great prospects in economic cooperation with Israel, given the limit of the Israeli State Insurance Corporation Export ASHRA. Belagroprombank has raised funds to finance imports from Israel before this time. Israeli exporters helped by Israel Export Insurance Corp. Ltd. ASHRA to insure investments abroad for long-term or medium periods and export credits.
Belagroprombank has been authorized to serve government programs according with Resolution No 849/7 of the Government and the National Bank of 18 June 2008. On 3 September 1991, Belagroprombank was registered. Belagroprombank is among the ten largest banks in Central and Eastern Europe and the largest financial and credit institution of the country. The bank has been rated by Moody’s Investors Service, Standard & Poor’s and Fitch Ratings.