Draft:Belagroprombank
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Headquarters | Minsk, Belarus |
Key people | Viktar Ananich (Chairman of the Board) |
| Products | consumer banking, corporate banking |
| Rating | B (Standard & Poor's), B (Fitch) (2017) |
| Website | www |
Belagroprombank" is a Belarusian joint-stock commercial bank controlled by the state. According to data for 2018, it is the second in the system in terms of assets. Under EU sanctions since summer 2021 Go to the “International sanctions” section. It is the parent organization of a banking holding company, which includes OJSC Turovshchina, OJSC Agroleasing, private enterprise Ozeritsky - Agro, private enterprise Agrobusinessconsult, OJSC Turov Dairy Plant, LLC Turov Frost Work.
History
[edit]Founded on September 3, 1991.
Bank ratings
[edit]The last time the FItch ratings agency published data on the banking system of Belarus was in the 4th quarter of 2021.
Fitch Ratings assigned this bank the following ratings:
Long-term – “B-” Short-term – “B” Long-term rating outlook – “Stable” Individual – “D/E” Support rating – “5”
International sanctions
[edit]On June 24, 2021, the bank was added to the EU Black List. European Union sanctions include restrictions on borrowing on EU markets and the availability of loans with a maturity of more than 90 days from European counterparties[9][10]. In August of the same year, Switzerland joined these sanctions.
In March 2022, the bank was sanctioned by Japan and the EU cut it off from SWIFT "in response to Belarus significantly facilitating and supporting Russia's invasion of Ukraine, and supporting Russia's military forces".
Switzerland and Ukraine soon joined this package of European sanctions.
On April 11, 2023, to further put pressure on Putin’s collaborators in Belarus, the Prime Minister of Canada announced additional sanctions against nine organizations associated with the Belarusian financial sector, which included Belagroprombank.
See also
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References
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