Belarus’ Belagroprombank has announced a special offer (valid from till February 28, 2017) with credits for small business development available at 19% (Belarusian rubles) and 9% per annum (dollar and euro).
Belagroprombank’s SME credit offer targets finically stable self-employed businessmen and privately-owned companies with annual proceeds under $5 million and a positive credit history.
OAO Belagroprombank was registered in 1991 and is now the country’s second largest core bank. The state owns an 85.3% stake in the bank’s charter capital. Belagroprombank accounts for one fourth of Belarusian banks’ resources and over one third of the lending to the real economy. The bank’s regulatory capital stood at Br1.134 billion ($595.151 million) as of October 1.
Standard & Poor’s Ratings Services on July 27, 2015 affirmed Belagroprombank’s counterparty credit rating at ‘B-/C’, outlook stable. (Prime-TASS/Business World Magazine)
