PROJECT

Projects

Summary of Investment Information

Project Number

44845

Company Name

BELARUSKI NARODNY BANK

Date SPI Disclosed

Dec 17, 2020

Country

Belarus

Region

Europe

Projected Board Date

Dec 8, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Feb 9, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 8, 2020
Signed : Dec 22, 2020
Invested : Jan 11, 2021

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed investment consists of a financing package of up to US$20 million equivalent for Belaruski Narodny Bank (BNB-Bank or the Bank). The financing package will have a one-year tenor with a renewal option for another year. It will support the Bank’s working capital and trade-related lending program to private sector small and medium enterprises (SMEs) in Belarus (the Project).

Associated Advisory Engagement

N/A                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation