BNB Bank to draw €10m SME support loan from Germany’s Invest in Visions Mikrofinanzfonds
<p> MINSK, Dec 17 – PrimePress. Belarus’ BNB Bank will receive a two-year target loan in the amount of €10 million from Invest in Visions Mikrofinanzfonds (Germany), advised by Incofin Investment Management (Belgium). The credit funds will be used to support micro, small and medium-sized enterprises (SMEs), the bank’s press service said. </p> <p> </p> <p> “BNB Bank, Invest in Visions Mikrofinanzfonds and Incofin Investment Management have a long history of fruitful cooperation, with a debut joint transaction in 2014. The amount of resources raised since the start of the cooperation amounts to €32 million,” the report says. </p> <p> </p> <p> Invest in Visions Mikrofinanzfonds is a German fund that invests in financial institutions for micro-lending in developing countries. At the moment, it finances organizations in more than 40 countries. The fund aims to balance financial and social results. </p> <p> </p> <p> Incofin Investment Management is an international independent investment company registered in Belgium. It specialises in socially-oriented financing, including rural areas and agriculture. The company supports projects in more than 65 countries. </p> <p> </p> <p> BNB-Bank OJSC was founded in 1992. Its head office is located in Minsk. The bank has 16 banking centres in Minsk, Brest, Vitebsk, Gomel, Mogilev and Grodno. Bank of Georgia JSC holds 99.98% of its shares. The main strategic objective of the bank is to support medium and small businesses. End </p>
2020-12-18
Primepress
MINSK, Dec 17 – PrimePress. Belarus’ BNB Bank will receive a two-year target loan in the amount of €10 million from Invest in Visions Mikrofinanzfonds (Germany), advised by Incofin Investment Management (Belgium). The credit funds will be used to support micro, small and medium-sized enterprises (SMEs), the bank’s press service said.
“BNB Bank, Invest in Visions Mikrofinanzfonds and Incofin Investment Management have a long history of fruitful cooperation, with a debut joint transaction in 2014. The amount of resources raised since the start of the cooperation amounts to €32 million,” the report says.
Invest in Visions Mikrofinanzfonds is a German fund that invests in financial institutions for micro-lending in developing countries. At the moment, it finances organizations in more than 40 countries. The fund aims to balance financial and social results.
Incofin Investment Management is an international independent investment company registered in Belgium. It specialises in socially-oriented financing, including rural areas and agriculture. The company supports projects in more than 65 countries.
BNB-Bank OJSC was founded in 1992. Its head office is located in Minsk. The bank has 16 banking centres in Minsk, Brest, Vitebsk, Gomel, Mogilev and Grodno. Bank of Georgia JSC holds 99.98% of its shares. The main strategic objective of the bank is to support medium and small businesses. End