To create the unified system of export promotion in the Republic of Belarus, the President of the Republic of Belarus signed Decree No.534 dd. 25.08.2006 “On promotion of the development of export of goods (works, services)”.

For the purposes of this Decree, JSC Belagroprombank grants export credits:
• In Belarusian rubles – at the interest rate equal to 2/3 of the refinancing rate set by the National Bank of the Republic of Belarus effective on the date of execution of credit agreements;
• In foreign currency (except Russian rubles) at a commercial interest reference rate (CIRRs) under the terms of the Agreement on Officially Supported Export Credits developed by the member countries of Organization for Economic Cooperation and Development and effective on the date of execution of credit agreements;
• In Russian rubles – at the refinancing rate set by the Central Bank of the Russian Federation effective on the date of execution of credit agreements.

*Reference information: CIRR current rates are published on the official website of OECD http://www.oecd.org/, enter CIRR into the search line to get the link to the actual file. 
Export credits are granted to residents of the Republic of Belarus for the production of goods (works, services), for investments on the territory foreign countries related to the establishment of commercial organizations, and for the purchase of goods of other residents in order to lease them to non-resident companies.

Export credits are granted to non-resident companies for the payment for goods (works, services) sold by residents.

JSC Belagroprombank grants loans to legally capable and solvent organizations:

• 1. in foreign currency - to residents who have foreign currency proceeds on their accounts at JSC Belagroprombank sufficient to fulfill the obligations towards the bank under the existing and new agreements;
• 2. to nonresidents to which the following solvency ratings were assigned by the international rating agencies:
• 2.1. Legal entities of Group A - legal entities (except banks) with the following ratings:

• Moody's Investors Service - long-term rating from Aaa to Aa3
• Fitch - long-term rating from AAA to AA-
• Standard & Poor's - long-term rating from AAA toAA-
 

• 2.2. Legal entities of Group B – legal entities (except banks) with the following ratings:

• Moody's Investors Service - long-term rating from A1 to A3
• Fitch - long-term rating from A+ to A-
• Standard & Poor's - long-term rating from A+ to A-;

• 3. to legally capable non-resident unrated organizations which do not have ratings, provided that the following conditions are met:
• 3.1. the Bank provided a positive opinion with regard to the client’s legal capacity and solvency, following the analysis of the documents submitted by the client;
• 3.2. security to guarantee the performance of the obligations is sufficient to cover the Bank’s requirements, in the form of:
• 3.2.1. guarantees of the government of the country which was assigned any of the following ratings:

• Moody's Investors Service - long-term rating from Aaa to Aa3
• Fitch - long-term rating from AAA to AA-
• Standard & Poor's - long-term rating from AAA to AA-;
 

• 3.2.2. guarantee of the bank which was assigned any of the following ratings:

• Moody's Investors Service - long-term rating from Аaa to Aa3
• Fitch - long-term rating from AAA to AA-
• Standard & Poor's - long-term rating from AAA to AA-;
 

• 3.2.3. funds deposited as a security in the credit currency at least until the maturity date of the obligations under the credit agreement.

The Bank’s procedure for export credit granting is determined by the “Regulations on the procedure for granting export credits by the banks for the production and sales of goods (works, services), making investments on the territory of foreign states”, approved by the Resolution of the Council of Ministers of the Republic of Belarus dd. 21.08.2008 No.1209/9, by the Regulations on the arrangement of export credit support as part of the Decree of the President of the Republic of Belarus dd.25.08.2006 No.534 „On promotion of the development of export of goods (works, services)” in JSC Belagroprombank approved by the order of JSC Belagroprombank dd. 17.12.2012 No.732.

The export credit application will be considered provided that the Bank receives the following:

• Positive opinion of the relevant government body on the feasibility of granting a credit, stating the credit amount, its maturity and relevant calculations, 
• Decision of the Belarusian Republican Unitary Enterprise of Export-Import Insurance “Eximgarant” on the possibility to insure export risks with government support; 
• Information from the Ministry of Finance on the possibility to compensate the Bank for the losses incurred by it.