Development Bank of the Republic of Belarus
In accordance with the Decree of the President of the Republic of Belarus of 21.06.2011 № 261 “On establishment of joint stock company “Development Bank of the Republic of Belarus” one of the primary objectives of the Development Bank is promotion of export through its financial support.
Types of support:
financing leasing companies-residents of the Republic of Belarus for purchasing goods produced by the residents of the Republic of Belarus included into the list approved by the Council of Ministers of the Republic of Belarus (hereinafter – goods included into the list) for further leasing out or selling to non-resident entities, except foreign banks;
financing non-resident companies except foreign banks for payment for goods from the list or works, services realized by residents or for preliminary payment for goods from the list, or works, services produced and (or) realized by residents of the Republic of Belarus;
financing non-resident companies except foreign banks for payment for goods from the list sold by non-resident entities and purchased by the latter from residents of the Republic of Belarus under export contracts not covered by export loans granted within the frames of this Decree
financing non-resident banks with a view of their subsequent financing of customers for payment for goods from the list or works, services realized by residents or for preliminary payment for goods from the list, or works, services produced and (or) realized by residents of the Republic of Belarus.
financing non-resident companies except foreign banks for payment for goods from the list or works, services realized by residents or for preliminary payment for goods from the list, or works, services produced and (or) realized by residents of the Republic of Belarus;
financing non-resident companies except foreign banks for payment for goods from the list sold by non-resident entities and purchased by the latter from residents of the Republic of Belarus under export contracts not covered by export loans granted within the frames of this Decree
financing non-resident banks with a view of their subsequent financing of customers for payment for goods from the list or works, services realized by residents or for preliminary payment for goods from the list, or works, services produced and (or) realized by residents of the Republic of Belarus.
The Development Bank is a single channel in Belarus of granting export loans to non-residents.
Terms of export loans granting:
Interest:
In foreign currency (except RUB) as per Commercial Interest Reference Rate (CIRR);
In RUB – at the rate of 2\3 refinancing rate fixed by the Central Bank of Russia.
In foreign currency (except RUB) as per Commercial Interest Reference Rate (CIRR);
In RUB – at the rate of 2\3 refinancing rate fixed by the Central Bank of Russia.
Financing period:
up to 5 years;
when large-scale investment projects are funded – up to 10 years.
up to 5 years;
when large-scale investment projects are funded – up to 10 years.
Amount of credit:
сurrently, the minimum export loan amount has been reduced to $ 200 thousand.
сurrently, the minimum export loan amount has been reduced to $ 200 thousand.
Minimal amount of borrower’s participation with own funds in the project should be:
no less than 15% of the contract cost.
no less than 15% of the contract cost.
Requirements to borrowers:
financial stability, the ability to provide a collateral.
financial stability, the ability to provide a collateral.
Other conditions of financial support and export financing schemes are available on line (direct link).
***
Further information is available on line (direct link) or can be requested from the Bank staff:
direct export financing issues – homich.g@brrb.by (ph.: +375 17 239 1143)
interbank export financing issues – yakimush.a@brrb.by (ph.: +375 17 309 6889)
Further information is available on line (direct link) or can be requested from the Bank staff:
direct export financing issues – homich.g@brrb.by (ph.: +375 17 239 1143)
interbank export financing issues – yakimush.a@brrb.by (ph.: +375 17 309 6889)
See also:
Presentation of direct export financing possibilities.
Development Bank bonds.
Financing of Belarus-China projects.
Small and medium enterprises (SMEs) support programme.
Export credit insurance
Presentation of direct export financing possibilities.
Development Bank bonds.
Financing of Belarus-China projects.
Small and medium enterprises (SMEs) support programme.
Export credit insurance
