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Opening and management of correspondent accounts

JSC Belagroprombank gives the banks-contractors the opportunity to open correspondent Loro accounts and make all types of settlements in Belarussian roubles and in foreign currency.

The main standards for Banks’ cash flow service through correspondent accounts with JSC Belagroprombank are the following: 

  • opening of correspondent accounts during one bank day from the date of submission of necessary documents;
  • debiting the account within the current balance, including intraday credit entries;
  • the acceptance and performance of payment documents in national currency - «day to day» till 15.00 (Minsk time);
  • flexible approach to establishing the operational time for debiting/crediting of cash to/from accounts in foreign currency: total transparency of JSC Belagroprombank’s reporting.
  • the control for compliance of payments to current legislation of the Republic of Belarus;
  • the opportunity to open a deposit account for temporarily surplus funds, including possibility to open “overnight” deposit;
  • charging of interest to the credit balance in national currency;
  • individual approach to correspondents;
  • several options to charge fees for operations on correspondent accounts;
  • total transparency of JSC Belagroprombank’s reporting.

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