Business news
Belarus Development Bank, Eurasian Development Bank sign memorandum of understanding
Photo courtesy of the Development Bank of Belarus
MINSK, 7 June (BelTA) – The Development Bank of Belarus and the Eurasian Development Bank (EDB) signed a memorandum of understanding on the sidelines of the St. Petersburg International Economic Forum (SPIEF), BelTA learned from the website of the Belarusian bank.
The document defines the main areas of partnership between financial institutions, identifies priority areas and mechanisms of bilateral cooperation on the interbank market. “Developing partnerships with international and regional development institutions is one of the priorities of our international efforts. We have special, very fruitful and friendly relations with the EDB. The participation of the EDB in any project is a sign of high quality. The EDB is the core institution accumulating financial competencies from across the Eurasian economic space. Therefore, boosting cooperation with the EDB opens up opportunities for financing projects of Belarusian enterprises with their partners across the Eurasian region,” Chairman of the Board of the Development Bank Andrei Zhishkevich said.
The Development Bank of Belarus also signed a partnership agreement with Rosselkhozbank. The document is aimed at bolstering ties between the financial institutions primarily with an aim of promoting agricultural exports by Belarusian and Russian enterprises. “For many years Rosselkhozbank, one of the anchor banks in Russia, has gained unique knowledge and experience in the field of financial support to agriculture. Manufacture of goods competitive in foreign markets is the determining area for the agriculture industry of Belarus. The Development Bank actively finances investment projects in the national agricultural sector and we very much appreciate the openness and sincere willingness of Russian colleagues to share their experience with us,” Andrei Zhizhshkevich said.
The public joint-stock company (OAO) Development Bank of the Republic of Belarus was established in 2011. The bank's main goals include the financing of investment projects as well as projects and actions stipulated by government programs.
print version
make home page
add to bookmarks
