Bank chronicle

Let us draw your attention to the major events in the Development Bank activities, through which over a short period of time the youngest financial and credit institution in Belarus that has a special status and a form of ownership rapidly and dynamically entered the country's banking system, becoming one of the most powerful catalysts for the further development and modernization of the national economy.

2017

January

A charity exhibition was opened in the Development Bank for selling paintings created by the charges of Minsk psychoneurologic nursing home No2.

The Development Bank became a general partner of the International Junior Football Tournament “Development Cup 2017”. The Belarusian U-17 football team took the 3rd place.

The Development Bank became the winner of the professional contest “Brand of the Year 2016” in the nomination “Socially Responsible Brand”.

February

The Resolution No91 of the Council of Ministers of the Republic of Belarus determines the additional mechanism of financing through leasing organizations of the Republic of Belarus within the frames of the Development Bank’s program of supporting small and medium-sized enterprises.

Within the frames of realizing the Government Program of Agriculture Development in the Republic of Belarus for 2016-2020 the Development Bank announced a tender for selecting investment projects for pig –breeding complexes construction.

The 3rd  Republican Winter Spartakiad of the Development Bank staff took place on the premises of health complex of JSC BATE in Minsk region.

March

The album-book of the social project of the Development Bank “Cultural Heritage of Belarus” was awarded with the 1st  Place Diploma in the special category “For contribution to preserving cultural heritage” by the LVI National Contest “Book Arts -2017”.

The Development Bank and European Bank for Reconstruction and Development signed the Memorandum of Understanding providing for combination of efforts and capacities of the parties in developing business initiative and entrepreneurship.

In the Development Bank the exhibition of innovative, applied and decorative arts achievements of pupils and staff of educational establishments of Vitebsk region was opened.

The General Shareholders’ Meeting of the Development Bank elected the new Supervisory Board.

April

The Development Bank approved of the mechanism of financing small and medium-sized enterprises through leasing operations.

May

The Chairman of the Management Board of the Development Bank Mr. S.N.Roumas is awarded by ADFIAP in the category “The Distinguished Person Award”.

The Development Bank became the partner of the international contest of start-up projects BizTech BSU StartUp Contest.

The participant of the social project “Young Tennis Aces” Vera Lapko held a tennis master class for the pupils of Children’s Home No7 of Minsk.

June

Within the frames  of the first Belarus-Africa Forum  a Framework Agreement  was signed regarding opening a USD 150 million credit facility by the Development Bank to African Export-Import Bank (Afreximbank). The credit facility is aimed at  financing export  deliveries of Belarusian goods, works, services to more than 40 countries of African continent.

In Abu-Dhabi, UAE,  the Memorandum of Understanding was signed between  the Development Bank and  Khalifa Fund for Enterprise Development (UAE), providing for  granting to the Development Bank  of a long-term credit facility in the amount of USD 25 million for implementation of joint initiatives regarding  support to projects of micro, small and medium-sized business.

Within the frames of an International Conference  “XIV CIS and Baltic States Bond Congress” the Development Bank  received an award  of Cbonds Awards CIS 2017 in the category “The best analytics of financial markets of Belarus”.

Fitch Ratings affirmed a long-term foreign currency Issuer Default Ratings for JSC Development Bank of the Republic of Belarus as B- with a stable outlook.

July

The Development Bank became  a co-manager of sovereign Eurobonds issue.

In Minsk the 3rd meeting of Joint Commission on Bilateral Cooperation between the Government of the Republic of Belarus and the Government of Lao People’s Democratic Republic  was held. The Belarusian party of the  meeting was  headed by the Chairman of the Management Board of the Development Bank S. N. Roumas

S&P Global Ratings affirmed the long-term and short-term credit ratings of JSC Development Bank of the Republic of Belarus  as B-\B  (with “Stable” outlook) .

Fitch Ratings upgraded the outlook for long-term credit rating of the Development Bank from “Stable” to “Positive”, the rating  is affirmed as “B-“.

August

An official ceremony of opening a new branch office building of JSC Development Bank of the Republic of Belarus was held in Vitebsk. During the opening ceremony the presentation of  a new illustrated book “Symphony of Centuries” was held, which was  prepared within the frames of the Development Bank’s social project “Cultural Heritage of Belarus”.

In the territory of the country complex Rancho (Gomel district, Studenaya Guta village)  the 4th Republican Tourist Rally among the employees  of JSC Development Bank of the Republic of Belarus was held .

September

The Development Bank held a festive ceremony  of closing of the School Bus  social program. During the 5 years of program realization the 330 specially equipped school buses were transferred as a sponsor support to  regional departments of education.  

The Development Bank’s subsidiary DB-Consult  was awarded with a diploma of the international exhibition “Furniture-2017” in the category “The best furniture display”.

The Development Bank defined the winners of the tender for receiving loans to implement investment projects for   the construction of  complexes for pig raising and feeding, pig farming complexes. The concessional financing shall be  granted to 2  agricultural entities.