Provision of a senior unsecured loan in the amount of up to €5 million equivalent in local currency (BYN 11 million) to Bank Dabrabyt, a joint-stock company incorporated in Belarus, for on-lending to local private micro, small and medium enterprises ("MSMEs").
The Project will assist Bank Dabrabyt in mobilising external funds in local currency which will help to diversify the bank's funding base and expand local currency lending to private MSMEs in Belarus.
The Project will promote local currency lending in Belarus thus supporting the development of the domestic capital market in the country and de-dollarization of the economy as well as fostering a more stable financial environment.
ETI score: 60
The Project will support competitiveness of private MSMEs by increasing the availability of financing in local currency and contribute to the competitiveness of Bank Dabrabyt by facilitating the expansion of its MSME portfolio with a focus on new and regional clients. Requirements to comply with financial covenants and portfolio quality ratios will also contribute to the resilience of the institution.
BANK DABRABYT JSC
Bank Dabrabyt is a mid-sized state-owned bank in Belarus ranked 10th by total assets among 24 banks, which translates to 1.9 per cent market share as of end-November 2019. It is one of the important providers of MSME and retail finance in Belarus with a network 24 outlets across Belarus serving almost 250,000 clients.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (2014 ESP). Bank Dabrabyt is an existing client under the TFP programme and has provided an updated ESDD questionnaire to confirm its adherence to EBRD's requirements for FIs. The bank will be required to comply with EBRD's PRs 2, 4 and 9, implement the EBRD's E&S Risk Management Procedures for Micro, SME and Corporate lending which includes adherence to the EBRD's Environmental and Social Exclusion List and submission of annual E&S reports via the Sustainability Index to the Bank. Sub-borrowers financed through Dabrabyt's loan will be required to comply with national environmental, health, safety and labour (EHSL) requirements.
Technical Cooperation and Grant Financing
Company Contact Information
(+375 17) 239-16-32
49, Kommunisticheskaya str., premises 1, 220002, Minsk, Republic of Belarus
PSD last updated
23 Dec 2019
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