The availability of financing instruments is one of the key factors in the development of any company. Understanding this, government agencies and organizations, business representatives initiate and hold thematic meetings where they discuss growth opportunities, exchange experience and share useful ideas.
One of those events was the Financing Fair, which took place in Minsk and all the possibilities of financial support for business in one day and in one place were presented there. At the site, representatives of the real sector of the economy learned about various financial support products that are currently available in the market, received recommendations and found out legal aspects of their use, and also discussed with colleagues the experience of using a variety of financial products.
During the business program, Alesya Yakimush, Head of the Client Management Department of the Development Bank, spoke about the main innovations of the Law of the Republic of Belarus "On Investments" and the role of the Bank in the implementation of important initiatives for the country.
"The activities of the Development Bank cover all important areas of successful functioning of organizations. We provide financial support for the implementation of investment projects both at existing production facilities and during the construction of new ones, carry out their examination and provide export support. The Development Bank also provides borrowed resources for small and medium-sized enterprises within the framework of its own program," Alesya Yakimush said.
The Head of the Client Management Department spoke about the Bank's financial instruments that can be used by organizations. In particular, she explained the conditions for lending within the framework of the program "One District – One Project", as well as for integration and included in the Target Plan projects.
Special attention was paid to new products of the Development Bank aimed at commercialization of scientific developments.
"Although they have recently begun to operate, there is already a demand for these products. Just yesterday we held talks with business representatives from Vitebsk, who are interested in introducing scientific developments into production with the support of the Development Bank. And it is not surprising, because the conditions for these products are unprecedented, and the result of such work will definitely increase the efficiency of the organization," Alesya Yakimush said and called on business representatives to pay attention to new opportunities.
She also spoke about the Development Bank's tools to support domestic exports. To promote Belarusian products and services abroad, the Bank offers several directions.
The first is the financing of resident organizations of the Republic of Belarus. The bank grants an export loan or factoring directly to the exporter. The second area is one of the main advantages of the Development Bank's export support – financing of non-residents for the purchase of domestic goods and services.
"It allows the exporter to get a unique opportunity: to increase export volumes, offering on the international market not only goods, but also resources for which the buyer can purchase them. For this purpose, the Development Bank grants an export loan directly to a foreign buyer or leasing organization for settlements with domestic exporters for the products that they supply or provided services," Alesya Yakimush said.
Interest rates are also a competitive advantage of export financing by the Development Bank. For residents, credit resources are offered in Belarusian rubles with an interest rate equal to at least 2/3 of the refinancing rate of the National Bank of the Republic of Belarus. Non-residents can also receive financing on such terms. Also, resources in Russian rubles with an interest rate of at least 2/3 of the Central Bank rate are available for foreign borrowers.
"It is worth noting that the financial instruments of the Development Bank are profitable and in demand, and together with the available expertise, they allow you to implement the most daring ideas. The results achieved by our clients constantly prove the effectiveness of interaction with the Development Bank," Alesya Yakimush summed up.
