Support of export

In accordance with the Decree of the President of the Republic of Belarus of 21.06.2011 № 261 “On establishment of joint stock company “Development Bank of the Republic of Belarus” one of the primary objectives of the Development Bank is promotion of export through its financial support.

The Development Bank provides financial support of export within the framework of the Decree of the President of the Republic of Belarus of 25.08.2006 № 534 “On the promotion of exports of goods (works, services)” (hereinafter referred to as Decree № 534) by means of:

  • financing companies not residents of the Republic of Belarus for payment for goods(works, services) realized by residents; 
  • financing non-resident banks with a view of their subsequent financing of customers for payment for goods(works, services) realized by residents.

The Decree of the President of the Republic of Belarus dd 23.02.2016 No78 “On actions to increase  the efficiency  of social and economic complex of the Republic of Belarus” stipulates that the Development Bank is a single channel of granting export loans to non-residents.

The Resolution of the Council of Ministers of the Republic of Belarus dd 06.04.2016 No279 “On approving the Regulation on the procedure of  granting  export loans by joint-stock company Development Bank of the Republic of Belarus to  non-resident entities of the Republic of Belarus and a list of  products for the purchase of which the export loans are granted” determines  the procedure  of granting export loans by the Development Bank and approves of the list of products the deliveries of which  can be financed by means of  export loans. Basing upon the list of products stipulated in the  a.m. Resolution the key area for the Development Bank to  grant export loans is  funding services or deliveries of hi-tech goods. Export loans  for payment  for purchased goods not included into the  list can be  granted  on the basis of offers from republican  state administrative bodies or other   state-owned entities under the control of the Government, as well as from  regional executive committees and Minsk City Executive Committee upon agreement  with Ministry of Economy and Ministry of Finance. 

Terms of export loans granting:


  • In foreign currency (except RUB) as per Commercial Interest Reference Rate (CIRR);
  • In RUB – at the rate of 2\3  refinancing rate fixed by the Central Bank of Russia (as  the refinancing rate from 01.01.2016  corresponds to the key rate of the Bank of Russis for the respective date, the interest rate shall make 6.67% p.a.).

Financing period:

  • up to 5 years;
  • when large-scale investment projects are concerned – up to 10 years.

Amount of credit:

  • No less than 1 mln. US Dollars (or an equivalent in other currencies).

Credit recipient’s own participation in the project should be

  • no less than 15% of the contract cost.

Requirements to credit recipient:

  • financial stability, the ability to provide a collateral.

Other conditions of export credit granting:

  • One of the obligatory conditions of export credit granting is insurance of export risks with State support by BRUEEII ”Eximgarant of Belarus” (in accordance with the Decree № 534). The cost of insurance, expenses on which are to be borne by credit recipient, depends on several factors, namely: country of supplier’s domicile, tenor of the loan, availability of collateral, etc. and averages to 1-4% per annum.

Total debt expenses borne by credit recipient consist of interest on credit and insurance expenses.

The Development Bank ranks high in the Belarusian market in terms of export crediting of non-residents of the Republic of Belarus. The advantage of working with the Development Bank in this area in comparison with other Belarusian banks is the existence of a codified simplified procedure of export credits granting.

Both state and private owned countries can be credit recipients.

In order for export credit application to be considered, the full set of documents is required.

The Development Bank actively promotes interbank cooperation based on the agreements reached with foreign banks that help to speed up the procedure of export credit granting.

Thus, the Development Bank realizes the following schemes of organizing export financing:

Scheme of export credit granting to the customer
Scheme of interbank export credit granting

Benefits for Belarusian exporters:

  • Sales volume expansion; 
  • Expansion of geography of exports without debt growth; 
  • Preferential terms of sales (deferred payment, etc); 
  • Minimization of risks of defaulting on contracts; 
  • Acceleration of turnover of shipped goods.

Package of documents required to obtain an export credit.

For additional information on methods and mechanisms of export financing, you may watch  the Bank’s presentation or contact bank employees:

Gennadi Khomitch
(Head of export financing)
Tel. +375 17 239 11 43

Alexander Savitskiy
(Chief Specialist of export financing)
Tel. +375 17 309 68 33

Vyatcheslav Chirak
(Chief Specialist of export financing)
Tel. +375 17 309 68 32

Pavel Kouchouk
(Chief Specialist of export financing)
Tel. +375 17 309 68 57

Elizaveta Bolshinskaya
(Chief Specialist of export financing)
Tel. +375 17 309 68 78