Select your city:
Moscow

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

JSC "Belagroprombank" signs EUR 30,000,000 syndicated term loan facility

 
25 August 2006

JSC Vneshtorgbank and Moscow Narodny Bank Limited (Mandated Lead Arrangers and Bookrunners) and a consortium of lenders have signed into a EURO 30,000,000 Trade Related Syndicated Term Loan Facility for JSC "Belagroprombank" (BAPB or the Bank).

The loan has a maturity of 1 year with an extension option for another year and pays a margin of 4,00% p.a.

The deal was well received in the market and increased from the launch amount of EURO 15,000,000. The following banks have joined the Facility: Joint Stock Commercial Bank - Bank of Moscow; Donau-Bank AG; Finantia Securities Limited (Co-Arrangers); AKA Ausfuhrkredit Gesellschaft mbH; "Bank TuranAlem" JSC; London Forfaiting Company Ltd; JSC "Nurbank" (Lead Managers); Atlantic Forfaitierungs AG; BRE Bank SA; FBN Bank (UK) Ltd; SC Parex banka; Vnesheconombank (Managers).

This 12-months` facility for BAPB sets a new benchmark for state-owned banks in the Belarusian market.

BAPB was founded in 1991 and is the second largest bank in Belarus by assets and equity. As of January 1, 2006 the equity of BAPB amounted to EURO 500 million. According to "Interfax-1000" it ranked the 46th largest bank in the CIS in 2005 by assets.

The bank is 99% state owned and specializes on corporate banking, mainly to the agri-producing sector and lending under government programs. In recent years BAPB has developed a strong position in the Belarusian retail banking market.

BAPB is rated by B-/B by Fitch with "stable" outlook.


Back to the list



VTB group news subscribe
  • E-mail subscribe
  • RSS lent
    Subscribe
    Subscribe
Download the list of cities.....