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 to 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:
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:
Amount of credit:
Minimal amount of borrower’s participation with own funds in the project should be:
Requirements to borrowers:
Other conditions of export credit granting:
Total Borrower’s expenses on debt servicing consist of interest on loan and insurance costs.
The advantage of working with the Development Bank in this area is the existence of a codified simplified procedure of export loans granting.
The borrowers can be both state owned and private companies.
In order for export credit application to be considered, the non-resident borrower has to submit a full set of documents.
The Development Bank actively promotes interbank cooperation based on the agreements reached with foreign banks that help to speed up the procedure of export loan granting.
Benefits for Belarusian exporters:
The additional information regarding means and mechanisms of export financing is available from the bank’s presentations (direct export financing, interbank export financing) and from the specialists of the Development Bank.
Tel.: + 375 17 309 68 32, 309 68 33, 309 68 57, 309 68 78
Fax: +375 17 292 70 16
Tel.: + 375 17 309 66 48, 239 11 33, 239 11 40
Fax: + 375 17 292 70 16