Belgazprombank

Belgazprombank 2021 General Shareholders Meeting

Press office.

The Annual General Shareholders Meeting of Belgazprombank was held on 30 March 2020 in Minsk using a video conference system.

Belgazprombank 2021 General Shareholders Meeting

The agenda included the report of the Management Board and Revision Committee of Belgazprombank on the performance results for 2020, approval of annual accounting (financial) statements and transactions with related parties of Belgazprombank, distribution of profits and dividends for 2020, election of the Board of Directors and Revision Committee of Belgazprombank.

Nadzeya Yermakova, the Chairman of the Management Board, reported on the performance results of Belgazprombank for 2020.

She pointed out that during the reporting year Belgazprombank conducted its activities under challenging conditions.

As a result of a number of negative factors the Bank faced an outflow of funds from customer accounts, shift of key customers to other banks and a reduction of international credit support. In this regard, the Bank was mainly focused on maintaining actual liquidity and complying with prudential standards. This finally allowed to maintain the position of a systemically important bank of Belarus of the Ist group of importance and to ensure compliance with all the prudential requirements. The wide range of remote products and services, protection of safety of customers and employees from the beginning of the pandemic, provision of information about the ongoing epidemiological measures have much helped to reassure clients and depositors.

Taking into account the growing influence of external factors limiting the full use of media, digital and offline opportunities for promoting banking products and services, the main focus was on improving the quality and automating the work of personalized customer interaction channels (personalized mailings using notifications, SMS, e-mails, etc.). In order to respond to customers' queries promptly, a new omnichannel solution was integrated into the Bank's website (web-chat), messengers and other social networks.

In accordance with the programmes on attracting customers the Bank promoted both traditional services and newly announced solutions: POS-terminals, self-collection machines, a package of cash and settlement services. The automated transfer of geodata related to the Bank’s branches to Yandex and Google platforms was implemented.

By the end of the year the Bank achieved a balanced public attitude as a result of the complex of organizational, marketing, advertising and informational activities implemented during the year. According to the brand awareness and preference study, the share of the audience having spontaneous awareness of the brand of Belgazprombank grew constantly during the period from 2016 to 2020 with a maximum in 2020 at 33%.

The Management Board considers as its primary mission for 2021 is regaining of the market positions of Belgazprombank at the level of the beginning of 2020. In 2022 the growth of banking business will be continued following the development of the country's economy and in accordance with the guidelines of the monetary and credit policy.

In general the shareholders were satisfied with the activities of Belgazprombank and approved the report of the Management Board on the performance results for 2020. Also the new composition of the Board of Directors of Belgazprombank was elected.

Belgazprombank extended subordinated loans from shareholders
Press office.

The major shareholders of Belgazprombank, PJSC Gazprom and Bank GPB (JSC), extended the subordinated loan provided in equal shares in the total amount of RUB 4.96 bn.

Fitch Affirms Belgazprombank at “B”
Press office.

On May 25, 2021 Fitch Ratings affirmed Belgazprombank's Long-Term Issuer Default Rating (IDR) at “B” with Negative Outlook, which is the highest rating possible for Belarusian issuers capped by the country ceiling.

Gazprombank: we expect economic recovery in Belarus
Press office.

Bank GPB (JSC) issued a press release following the visit of Gulnara Khaidarshina, Deputy Head of Research Department, to the Republic of Belarus. The release confirms a positive view on economic recovery of Belarus:

Belgazprombank Results For February 2021
Press office.

Based on performance in January-February 2021, Belgazprombank gained profit of BYN 17.4 mln, which is 4.6 times higher than for the same period of 2020.

Belgazprombank Attracts New Loan From Gazprombank
Press office.

Belgazprombank and Bank GPB (JSC) signed the agreement on providing EUR 60 million long-term loan facility in favor of Belgazprombank. The attracted funds will be used to finance the development of small and medium-sized enterprises in the Republic of Belarus.

Fitch Affirms Belgazprombank’s Ratings
Press office.

Fitch Ratings has affirmed Belgazprombank's ratings at the highest level possible for Belarusian issuers at present capped by the country ceiling - Long-Term Issuer Default Rating (IDR) at “B”, Negative Outlook.

Belgazprombank and Development Bank to further support small and medium-sized enterprises
Press office.

Since 21 January 2021 Belgazprombank has resumed financing small and medium-sized enterprises in the framework of the Program of financial support to small and medium-sized enterprises implemented by the Development Bank of the Republic of Belarus (hereinafter – the Program).

About the appointment of the Chairman of the Management Board of Belgazprombank and amendments to the positions of the members of the Management Board
Press office.

By the decision of the Board of Directors of Belgazprombank of 15 January 2021 Nadzeya Yermakova was appointed as the Chairman of the Management Board of Belgazprombank starting from 18 January 2021.

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