Belagroprombank is the First Belarusian Bank to Sign Basic Loan Agreement with KfW IPEX-Bank

Within the framework of the 27th Frankfurt European Banking Congress “Europe into a New Era – How to Seize the Opportunities” held on November 17th, 2017 in Frankfurt am Main (Germany) there was signed a Basic Loan Agreement for the granting of loans between JSC Belagroprombank and KfW IPEX-Bank (Germany). JSC Belagroprombank is the first Belarusian bank to sign such an agreement with KfW IPEX-Bank.

The conclusion of the agreement opens a new qualitative stage in establishing a strategic partnership and developing effective cooperation between the two financial institutions. The business expertise of KfW IPEX-Bank and the bank’s active involvement in financing of infrastructure projects significant both in terms of amounts (from 50 million euros) and in terms of the degree of impact on the development of the country's economy, will extend the opportunities of the customers of JSC Belagroprombank in the course of their foreign economic activities.

Reference: Within the KfW Group, KfW IPEX-Bank is responsible for international project and export finance. Its function of providing financing to boost the German and European economy is derived from the legal mandate assigned to KfW. It offers medium- and long-term financing to support key export industries, to develop economic and social infrastructure and to fund environmental and climate protection projects. KfW IPEX-Bank operates as a legally independent group subsidiary and plays a major role in fulfilling KfW's promotional mission. It is represented in the most important economic and financial centres across the globe. The two leading rating agencies Standard & Poor's and Moody's have given KfW IPEX-Bank a long-term rating of AA+ and A2, respectively.