One of the priorities of the Development Bank of the Republic of Belarus is building international cooperation in order to promote Belarusian export and attract foreign investment as well as credit resources to the economy.
The Development Bank actively cooperates with the leading international financial organizations (such as the World Bank, IMF) and maintains close links with foreign development banks (such as State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)", China Development Bank, Eurasian Development Bank, etc.).
From July 2014 JSC Development Bank of the Republic of Belarus is a special member of ADFIAP - Association of Development Financial Institutions of Asia and Pacific, ADFIAP.
Reliability of JSC “Development Bank of the Republic of Belarus” is assessed by international rating agencies Standard&Poor’s and Fitch Ratings. Audits of financial statements for twelve-month and six-month periods are carried out by KPMG company which makes part of the “Big Four” - the four largest auditor’s firms in the world.
The Bank’s internal control system in the area of anti-money laundering, preventing terrorist financing and spread of the mass destruction weapons is built in accordance with the law of the Republic of Belarus as of 30.06.2014 № 165-З “On measures against money laundering, preventing of terrorism financing and spread of mass destruction weapons".
In order to conform to the requirements of the US Foreign Account Tax Compliance Act (FATCA) the Development Bank has been registered on the portal of the US Internal Revenue Service as a participating financial institution. The FATCA ID (Global Intermediary Identification Number, GIIN) assigned to the Bank is WQUUWR.99999.SL.112 (form W-8BEN-E).
The Development Bank also maintains correspondent relations with major European and Russian banks to ensure international payments to be made to any corner of the world.
The Development Bank places great emphasis on promoting foreign trade financing. In order to ensure the observance of its clients’ economic interests within the scope of international economic activity, the Development Bank actively cooperates with foreign financial institutions and export insurance agencies (Exiar, Euler Hermes, Eximbanka SR, MEHIB, Coface, SACE, KUKE, etc.)
The Development Bank is a member of the international syndicated loan market since 2014.
Siarhei V. Staliarchuk
Head of International Business Department
Tel: +375 17 309 6647
Dmitry V. Kuleshov
Deputy Head of International Business Department–
Head of Trade and Structural Financing Department
Tel: +375 17 309 6648