The EDB and Bank BelVEB expand cooperation in the area of trade finance, treasury, and settlement and clearing transactions
Moscow, 2 March 2020. Andrey Beliyaninov, Chairman of the Management Board of the Eurasian Development Bank (EDB), and Vasil Matsiusheuski, Chairman of the Management Board of Bank BelVEB discussed cooperation in the area of investment and project operations, as well as treasury, and settlement and clearing transactions.
The sides agreed to prepare a list of EDB and Bank BelVEB’s projects eligible for financial support, enhance cooperation in the area of treasury and trade finance transactions, as well as settlement and clearing transactions relating to correspondent accounts maintained by Bank BelVEB at the EDB.
Andrey Beliyaninov informed Bank BelVEB about the EDB’s operations in Belarus, investment projects implemented with the participation of the EDB, and its plans to develop them further in the country. He expressed interest in various forms of cooperation, including joint participation in projects with Bank BelVEB’s clients.
Vasil Matsiusheuski presented the results of Bank BelVEB’s operations in 2019, including investment projects with its participation. He also told about the transformation of the bank into a fintech group, the development of an ecosystem, and the new online process for financing small and medium-sized enterprises and retailing. Bank BelVEB cooperates with companies that are included in the EDB’s investment portfolio in Belarus and most of them are its clients.
At the meeting, Vasil Matsiusheuski also expressed interest in various forms of cooperation as may be proposed by the EDB, including participation in projects with Bank BelVEB’s clients.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
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