Belarus Financial Sector Framework II



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

23 Jul 2014



Translated version of this PSD: Russian

Project Description

The EBRD is considering a multi-client, multi-product framework facility for an aggregate amount of EUR 50 million equivalent, which consolidates and extends two previous frameworks. Under the Framework facility, the EBRD will provide its Partner Financial Institutions (“PFIs”) with a full range of financial products including micro and SME credit-lines, business mortgage financing, syndicated loans, subordinated debt, convertible debt and equity. The Framework will allow the EBRD to respond quickly to challenges and opportunities in the local environment and contribute to further commercialisation of the Belarusian financial sector by enabling the PFIs to extend and/or enhance their support to the private sector in Belarus. The EBRD will also consider transactions in the non-bank financial institutions sector.

Transition Impact

The transition impact of the Framework stems from the increased level of financial intermediation through market expansion on a general level and more specifically, from the progress towards commercialisation of the banking sector. The projects under the framework will support the market expansion through the outreach of sub-loans. The progress towards commercialisation of the sector will be supported by continued development of PFI’s business standards.

The Client

Participating Banks (“PFIs”): Eligible Belarusian private and foreign owned banks, including existing EBRD clients and additional new private banks and non-bank financial institutions, subject to satisfying the eligibility criteria and required approvals.

The first sub-projects are proposed with Minsk Transit Bank (MTBank), an existing client of the Bank and an important private player in the local financial market.

EBRD Finance

BFSF II is to include all types of senior debt products (e.g. private sector SME, MSE and business mortgages), syndicated loans, subordinated loans, convertibles and equity investments as well as make proceeds of the Framework available for non-bank financial institutions, including micro-finance and leasing but not insurance companies.

Project Cost

EUR 50 million.

Environmental Impact

Categorised FI. All Partner Financial Institutions (PFIs) under the Framework will be required to comply with the EBRD's Performance Requirements 2 & 9, implement the respective environmental and social procedures as per the e-Manual, undertake the Bank's on-line E&S E-learning training for FIs and submit annual environmental and social reports to the EBRD. All new PFIs will be required to submit a completed FI E&S due diligence questionnaire and HR due diligence questionnaire to establish their compliance with PRs 2 & 9.

Technical Cooperation



Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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