Belagroprombank and Sovcombank signed the General agreement on financing

On September 27th, 2017 in Moscow the General agreement on financing has been executed between JSC Belagroprombank and Public Joint-Stock Company "Sovcombank", one of the largest regional banks in Russian Federation.

Establishing collaboration between two institutions, which resulted in signing of the above mentioned agreement, will broaden the possibilities of Belagroprombank’s customers when considering options of financing their foreign trade contracts subject to specifics of the regional bank being a large local financing center with wide opportunities.

The Parties believe that the signing of the agreement will be the first step to the successful long-term partnership of two banks and will be the tool for prosperous implementation of Belarusian companies’ projects.

Reference: PJSC Sovcombank — universal bank, being among the list of top 20 largest banks of the Russian Federation (assets: 607 billion rubles in accordance with IFRS). Nine thousands of employees work in 2150 outlets and mini-offices in 75 regions located in 1059 localities of Russian Federation. Sovcombank has a wide experience in acquisition and fast assets integration: over recent years Sovcombank successfully effected more than 10 large deals on acquisition of banks, business directions and fintech companies. The international credit ratings assigned to Sovcombank is “B+” with “stable” forecast (Standard&Poor’s); “Ba3” with “stable” forecast (Moody’s); “BB-“ with “stable” forecast (Fitch Ratings). Credit rating in accordance with national scale: The Accounting and Corporate Regulatory Authority (ACRA) “A-“ with “stable” forecast, rating agency ”Expert RA” “ruA-“ with “stable” forecast.