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EBRD consolidates engagement with Belinvestbank

By Anton Usov

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€50 million syndicated loan to increase SME lending business, raise international profile

  • €50 million syndicated loan arranged by EBRD to benefit local small businesses
  • Up to €15 million to be provided on EBRD’s own account
  • First international syndication for Belinvestbank since 2011
Hundreds of small enterprises in Belarus will benefit from loans with longer maturities provided by Belinvestbank OJSC thanks to new resources made available through a syndicated loan arranged by the EBRD.
This will be the first international syndicated transaction for one the country’s major financial institution in almost eight years, contributing to its stronger international profile and wider partner network. The facility is recognition of Belinvestbank’s sustainable development and positive transformational changes achieved in cooperation with the EBRD.
A three-year syndicated loan of up to €50 million consists of an “A Loan” of up to €15 million provided on the Bank’s own account and a “B Loan” of up to €35 million to be provided by several international lenders from Germany, Luxemburg, Portugal, Switzerland and the USA, which have shown significant interest in the transaction.
The facility is in the framework of the pre-privatisation support provided by the EBRD to Belinvestbank under the Memorandum of Understanding signed between the Republic of Belarus and the Bank in 2015. The mobilisation of medium-term external financing will contribute to further diversification of Belinvestbank’s funding base, strengthen the structure and maturity profile of its balance sheet, and contribute to its further commercialisation.
Since the start of its operations in Belarus in 1992, the EBRD has invested over €2 billion in 95 projects in various sectors of the country's economy.
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