The EDB and Russian banks arrange a syndicated loan for Belarusbank

28 December 2018

Moscow, 28 December 2018. The Eurasian Development Bank (EDB) became a mandated lead arranger of and participant in a syndicated loan for Belarusbank (Belarus). The two-year loan totals EUR 151 million.

Fourteen banks participate in the loan, which will be used for general corporate purposes and to finance trade contracts of Belarusbank’s clients involving the supply of goods, equipment and services to Belarus.

“The project is in the financial sector, which is one of the EDB’s target areas in accordance with its strategy for 2018-2022, and envisions the advancement of economic integration between the Bank’s member states, which is one of the Bank’s investment priorities,” Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at the EDB, commented.

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. 

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)     

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)     

pressa@eabr.org

www.eabr.org

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