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.

2011           2012         2013          2014           2015           2016           2017

2018

January

The Development Bank became a general partner of the 14th International Junior Football Tournament “Development Cup 2018”.

The Belarusian U-17 football team took the 3rd place.

Deputy Chairman of the Management Board of the Development Bank Shved V.A. is awarded with the Certificate of Honour from Belarusian Labour Union of Banking and Finance Workers.

February

The 4th Republican Winter Spartakiad among the employees of JSC Development Bank of the Republic of Belarus took place on the premises of Health Resort Facility “Plissa” in Vitebsk region. The 1st place was taken by the team of Mogilev branch.

According to the Decree of the President of the Republic of Belarus dd 01.02.2018 No42, JSC Development Bank of the Republic of Belarus within the frameworks of  preparation and conduction of  the 2nd European Games-2019 shall render financial support to the National State TV and Radio Company  of the Republic of  Belarus for the purchase  of  movable HD- format TV stations.

The Development Bank has completed  a range of tenders to select applicants  for receiving loans for realization of investment projects within the frames of  Government Program  for Agricultural Business Development for 2016-2020.

The winners for following tenders were determined: for reconstruction of mixed fodder complexes; modernization of the production sites of district consumer cooperatives of the South-East of Mogilev region; construction of retail facilities of the South-East of Mogilev region.

March

The Development Bank delegation  participated in the Annual meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in New Delhi (India).

The album-book “The Symphony of Centuries” of the Development Bank’s social project “Cultural Heritage of Belarus” was awarded with a special diploma and commemorative token “Small Golden Folio” in the category “For Contribution to Cultural Heritage Preservation” in the 25th Minsk International Book Fair.

The Development Bank became the co-organizer of the new sovereign Eurobonds issue of the Republic of Belarus amounting to USD 600 million.

The Chairperson of the Unified Labour Union Organization of the Development Bank Sychevskaya A.I. was elected for the Presidium of the Republican Committee of the Belarusian Labour Union of Banking and Finance Workers.

The Development Bank and JSC Partnership Fund of Georgia signed Memorandum on cooperation.

The Development Bank took part in the meeting of the Belarusian-South African Committee on trade and economic cooperation in Pretoria (South Africa).

The Supervisory Board of JSC "Development Bank of the Republic of Belarus" was elected in the new composition.

April

The Development Bank has determined the winners of tenders for obtaining loans for the implementation of investment projects for the construction of dairy farms. Preferential financing will be provided to eight agricultural organizations.

The Development Bank, in partnership with the Brazilian Development Bank (BNDES), has financed the next phase of the investment project “Expansion of Belavia Airlines Air Fleet”.

The Development Bank attracted a syndicated loan of 50 million euros for 18/24 months in the Russian financial market. The transaction was made under the patronage of PJSC Bank “FC Otkritie”, acting as an organizer, creditor and credit manager (agent bank).

The Development Bank signed an agreement on the borrowing of a tied loan from a syndicate of banks formed by AKA Ausfuhrkredit-Gesellschaft mbH (Germany) and SID Bank (Slovenia) to fund the investment project of RUE “Minskenergo”.

May

The Development Bank acted as the primary sponsor of the national beauty pageant Miss Belarus 2018.

The Development Bank and Trade and Development Bank of COMESA signed an agreement on a new credit line of the Development Bank in the amount of $70 million to finance Belarusian exports to the African region.

The Development Bank and Belarusbank signed a Memorandum of Cooperation the main objective of which is to systematize approaches to further development of a long-term strategic partnership between the two largest  system-forming financial institutions of the Republic of Belarus.

The Development Bank and KfW IPEX-Bank GmbH signed the Basic Agreement on the general conditions for granting long-term loans to the Development Bank with coverage of European national export credit insurance agencies.

June

The Development Bank became the winner of the Cbonds Awards CIS 2018 in the nomination “Best Analyst for Bonds Market of Belarus” at the international conference “XV Bond Congress of CIS and Baltic States”.

The international rating agency S & P Global Ratings has affirmed the long-term and short-term credit ratings of the Development Bank at the “I/O” level with a stable outlook.

The Development Bank acted as a venue for a business forum dedicated to the development of the Belarusian-British trade and economic cooperation.

Fitch Ratings has affirmed the long-term issuer default ratings of the Development Bank at “B” with a stable outlook.

The Development Bank team took the I place at the XIV Republican tourist rally of the Belarusian Trade Union of Banking and Finance Workers.

1st Republican competition , woodcarving plein-air of “Tree Reincarnation” was held with the support of the Development Bank.

The Development Bank acted as the main partner of the annual contest “Man of Action – 2018”.

July

The project management group of the Development Bank  for Micro, Small and Medium Enterprise Access to Finance Project in the Republic of Belarus took part in  the review of investment portfolio of the World Bank in the Republic of Belarus.

August

Development Bank participated in  the Annual Shareholders’ Meeting of Eastern and Southern African Trade and Development Bank.

Pursuant to the Decree of the President of the Republic of Belarus  dd August 18, 2018 No327 the Chairman of the Management Board of the Development Bank S.N.Roumas was appointed the Prime Minister of the Republic of Belarus.

In the territory of the recreation center “Prival” in Grodno region  the 5th Republican Tourist Rally among the employees  of JSC Development Bank of the Republic of Belarus was held . The winner in the team classification  was the team of Grodno branch of the Development Bank.

The Development Bank and  Reiffeisen Leasing signed  the Master Agreement on  interaction within the frames of enhancing access to financing for  small and medium enterprises.

The statutory fund of the Development Bank  increased by BYN 245 million.