Belarus Development Bank pours Br108.5m into 518 SME projects in Q1 2021
<p> MINSK, Apr 27 - PrimePress. OAO Belarus Development Bank (BDB) in association with partner banks provided Br108.5 million ($42.4m) in support of 518 investment projects by Belarus’ small and medium enterprises (SMEs) in Jan-Mar 2021, the bank said in a press-release. </p> <p> </p> <p> The volume of relevant loan agreements concluded by the bank amounted to Br94.2 million ($36.8 million, $1/Br2.5615). </p> <p> </p> <p> Projects related to production activities (production of paper and cardboard, hosiery, plastic products for packing goods, outerwear, etc.) account for the largest share in the total portfolio of SME support credits (by the amount of loan agreement (financial lease (leasing) agreement) provided by the bank - 33.6%; transport activities (passenger and freight transportation) - 29.9%, trade - 19.9%. Based on the number of projects financed, micro-businesses and individual entrepreneurs make up 67% of the bank’s SME support credit programme. </p> <p> </p> <p> Since 2014, when the bank launched its SME financing programme, Belarus Development Bank has provided support to 5,538 investment projects (loan agreements and lease deals) to the tune of Br906 million ($353.7m) as of Apr 1, 2021. </p> <p> </p> <p> The total value of projects financed at the expense of the Development Bank was Br1.482 billion ($578.6 million). </p> <p> </p> <p> The Development Bank relies on 11 partner banks to implement its SME support programme: Belgazprombank, Belinvestbank, Belarusbank, Belagroprombank, MTBank, BNB-Bank, Priorbank, Alfa-Bank, BTA Bank, Bank Dabrabyt, Paritetbank and leasing companies JSC "Promagroleasing", Raiffeisen-Leasing, ASB Leasing, Intellect Leasing, Agroleasing. </p> <p> </p> <p> The Development Bank was established on June 21, 2011 after Belarusian President Alexander Lukashenko signed ordinance #261 to create open joint-stock company Bank of Development of the Republic of Belarus. </p> <p> </p> <p> The Development Bank is Belarus’ agent bank to service and repay state loans and external loans attracted against a government security and extended to finance projects included in state programs. </p> <p> </p> <p> The government holds a 96.224% stake in the Development Bank of Belarus. End </p>
2021-04-28
Primepress
Belarus Development Bank pours Br108.5m into 518 SME projects in Q1 2021
MINSK, Apr 27 - PrimePress. OAO Belarus Development Bank (BDB) in association with partner banks provided Br108.5 million ($42.4m) in support of 518 investment projects by Belarus’ small and medium enterprises (SMEs) in Jan-Mar 2021, the bank said in a press-release.
The volume of relevant loan agreements concluded by the bank amounted to Br94.2 million ($36.8 million, $1/Br2.5615).
Projects related to production activities (production of paper and cardboard, hosiery, plastic products for packing goods, outerwear, etc.) account for the largest share in the total portfolio of SME support credits (by the amount of loan agreement (financial lease (leasing) agreement) provided by the bank - 33.6%; transport activities (passenger and freight transportation) - 29.9%, trade - 19.9%. Based on the number of projects financed, micro-businesses and individual entrepreneurs make up 67% of the bank’s SME support credit programme.
Since 2014, when the bank launched its SME financing programme, Belarus Development Bank has provided support to 5,538 investment projects (loan agreements and lease deals) to the tune of Br906 million ($353.7m) as of Apr 1, 2021.
The total value of projects financed at the expense of the Development Bank was Br1.482 billion ($578.6 million).
The Development Bank relies on 11 partner banks to implement its SME support programme: Belgazprombank, Belinvestbank, Belarusbank, Belagroprombank, MTBank, BNB-Bank, Priorbank, Alfa-Bank, BTA Bank, Bank Dabrabyt, Paritetbank and leasing companies JSC "Promagroleasing", Raiffeisen-Leasing, ASB Leasing, Intellect Leasing, Agroleasing.
The Development Bank was established on June 21, 2011 after Belarusian President Alexander Lukashenko signed ordinance #261 to create open joint-stock company Bank of Development of the Republic of Belarus.
The Development Bank is Belarus’ agent bank to service and repay state loans and external loans attracted against a government security and extended to finance projects included in state programs.
The government holds a 96.224% stake in the Development Bank of Belarus. End