Belagroprombank JSC keeps up fruitful cooperation with Israel.

In March 2011 the representatives of the Israel Export Insurance Corp. Ltd. ASHRA visited Belagroprombank JSC for discussion of further cooperation within increased at the beginning of 2011 fr om 50 to 110 mln. USD dollars lim it on Belarusian banks in order to support credits and investments for realization of Israeli business transactions in Belarus. In April of this year Belagroprombank JSC obtained foreign line of credit under the cover of the Israel Export Insurance Corp. Ltd. ASHRA for 7 years on the amount 13,5 mln. euro for the financing equipment deliveries fr om Israel.

This deal with obtaining foreign line of credit for financing of import from Israel is not the first in practice of Belagroprombank JSC. Taking into account announced lim it of the Israel Export Insurance Corp. Ltd. ASHRA Belagroprombank JSC sees big potential in development of further economic cooperation with Israel.

For information: ASHRA – The Israel Export Insurance Corp. Ltd. helps to Israeli exporters to insure export credits and investments abroad for medium- and long-term period (from 1 till 10 years).

In November 2009 ASHRA for the first time supported credit line on the amount 50 mln. USD dollars for realization of Israeli business transactions in Belarus for the year 2010. This line of credits has been used by the mid of the last year for realization of projects in agricultural area of the Republic of Belarus.