Activities

Investment Projects Financing

In line with the provisions of the Decree of the President of the Republic of Belarus No261 dd June 21, 2011 “On establishment of joint-stock company Development Bank of the Republic of Belarus” and of the Resolution of the Council of Ministers of the Republic of Belarus No 14\1 dd January 5, 2012 “On approval of a Provision regarding the procedure and terms of financing by Joint -Stock Company “Development Bank of the Republic of Belarus” of investment projects and measures providing for goods purchase to be further leased out in line with the Decision of the President of the Republic of Belarus and (or) Government of the Republic of Belarus as well as included into the programs, approved by the President of the Republic of Belarus and (or) the Government of the Republic of Belarus", JSC Development Bank of the Republic of Belarus:

  • finances the investment projects and measures providing for goods purchase to be further leased out in line with the Decision of the President of the Republic of Belarus and (or) Government of the Republic of Belarus as well as included into the programs, approved by the President of the Republic of Belarus and (or) the Government of the Republic of Belarus through granting loans for their implementation on the Bank’s behalf and at its own expense on the terms of maturity, serviceability and recoverability according to the procedure fixed by the Council of Ministers of the Republic of Belarus upon agreement with the President of the Republic of Belarus, through purchase of bonds issued by legal entities participating in government programs and measures implementation and through other legal means;
  • on a priority basis grants credit support to realization of investment projects included into government programs and measures providing for the development of agricultural sector, housing in the countryside, creation of infrastructure facilities, production of innovative commodities and implementation of innovative technologies, creation of science-based and export-oriented manufactures, as well as large investment projects in priority industrial sectors with long payback periods;
  • grants loans to legally capable and creditworthy applicants in non-cash form in Belarusian rubles and (or) foreign currency.

The loan maturity for credit facilities granted for investment projects implementation is fixed on the basis of the project payback period and shall not exceed 15 years. The volume of loans granted by JSC Development Bank of the Republic of Belarus shall not exceed 80% of the investment amount into the principle sum of the investment project.

The general criteria of investment projects financing by JSC Development Bank of the Republic of Belarus:

  • Inclusion of the investment project into programs approved by the President of the Republic of Belarus and (or) by the Government of the Republic of Belarus;
  • Economic efficiency of the project, that is correlation between the efficiency parameters calculated in the investment project business plan and criteria of economically efficient projects as specified by the respective legal acts and local regulatory legal acts of JSC Development Bank of the Republic of Belarus;
  • Financial feasibility of the project, that is sufficiency of own resources, borrowings and attracted funds for project financing within the scheduled period of time as well as possibility of repayment of long-term loans, other liabilities in full volume and in due time;
  • For foreign currency loans – if the project is currency-regaining and (or) has sufficient amount of foreign currency profits for liabilities to JSC Development Bank of the Republic of Belarus to be fulfilled in full;
  • Clear strategy of project implementation – availability of justified novelty of the project concept, its technical and technological feasibility;
  • High level of project readiness to be practically implemented and credited funds to be utilized, obligatory pre-investment research including marketing research, availability of basis of design (justification of investments) in cases established by legislation, authorizations and land allocation acts;
  • Participation in the project with own or other raised finance (from 20%);
  • Availability of security (investment vehicles, established for the purposes of government programs and measures implementation).

The economic efficiency, financial feasibility and currency regaining of an investment project are assessed on the basis of the investment project business plan submitted to JSC Development Bank of the Republic of Belarus or on the basis of other document in cases established by legislation or by local regulatory legal acts of JSC Development Bank of the Republic of Belarus.