belorussian- russian belgazprombank joint stock...belveb bps-sberbank market share by assets among...

Belorussian- Russian

Belgazprombank

Joint Stock

Authorized Bank of PJSC «Gazprom» in the Republic of Belarus

Macroeconomics Performance International Business Bank overview Performance

March 2017

2 Macroeconomics Performance

Moody’s

Standard&Poor’s

FitchRatings

Caa1 Stable

B- Stable

1

16

24

35

37

40

80

New Zealand

Georgia

Poland

Kazakhstan

Belarus

Russia

Ukraine

EASE OF DOING BUSINESS (189 COUNTRIES)

Source: WB-IFC Doing Business Report, 2017

INTERNATIONAL RANKING RATINGS

MAIN INDUSTRIES

B- Stable

• Mechanical engineering (production of

trucks, buses, quarry lorries, tractors,

different types of harvesters, agricultural

machines, etc.)

• Chemical and petrochemical

• Metallurgy

• Fuel-power complex

• Agriculture

• Light industry

• Food industry

International Business Bank overview Performance

DATA FOR THE YEAR 2016

Area 207 600 sq km

Population 9,5 mln

Life expectancy (2015) 73,9 years

Official languages Belarusian and Russian

Currency Belarusian Ruble (BYN)

GDP * USD 48,1 bn

GDP per capita* USD 5,1 th

Inflation rate 10,6%

Gross external debt to GDP 78,6%

Source: National Bank of the Republic of Belarus, National Statistical Committee

Name Change Rank 2017 Rank 2016

Overall ↑ 13 37 50

Starting a Business ↓ -1 31 30

Dealing with Construction Permits ↓ -3 28 25

Getting Electricity ↑ 50 24 74

Registering Property ↑ 2 5 7

Getting Credit ↑ 8 101 109

Protecting Minority Investors ↑ 20 42 62

Paying Taxes ↓ -4 99 95

Trading across Borders ↑ - 30 30

Enforcing Contracts ↑ 1 27 28

Resolving Insolvency ↑ 26 69 95

GROSS DOMESTIC PRODUCT BELARUS OVERVIEW

*USD/BYN exchange rate as of 31.12.2016

3,5 6,6 10,6

15,3 18,6 22,0

26,4 31,1

36,0 41 43,6

48,1

4,0 7,8

12,0

-4,3% -4,0% -3,6% -3,0% -2,8%

-2,5% -2,7% -3,0% -2,9% -2,8% -2,7% -2,6%

-0,5% -1,0%

0,3%

-12,0%

-10,5%

-9,0%

-7,5%

-6,0%

-4,5%

-3,0%

-1,5%

0,0%

1,5%

0

12

24

36

48

60

72

84

96

108

120

Jan

ua

ry 2

01

6

Feb

rua

ry 2

01

6

Ma

rch

20

16

Ap

ril 2

01

6

Ma

y 2

01

6

Jun

e 2

01

6

July

20

16

Au

gust

20

16

Se

pte

mb

er 2

01

6

Oct

ob

er 2

01

6

No

vem

ber

20

16

De

cem

ber

20

16

Jan

ua

ry 2

01

7

Feb

rua

ry 2

01

7

Ma

rch

20

17

GD

P g

row

th in

co

mp

ara

ble

pri

ces

(Y-0

-Y),

%

GD

P, b

n U

SD

*

GDP in 2016-2017

GDP GDP growth

Agriculture, Fishery,

Forestry

2,8%

Construction

6,3%

Transport &

Communications

6,9%

Wholesale & Retail

Trade 11,4%

Net taxes on

products

14,9%

Industry

21,9%

Other

35,8%

GDP STRUCTURE AS OF 01.04.2017

Source: National Statistical Committee of Belarus

GROSS DOMESTIC PRODUCT

3 Macroeconomics Performance International Business Bank overview Performance


*USD/BYN exchange rate as of the first day of month

STRUCTURE OF FOREIGN TRADE IN GOODS

WITH CERTAIN COUNTRIES AS OF 01.03.2017

2 0

44

2 3

42

2 3

78

2 5

16

2 7

82

2 4

71

2 6

92

2 7

79

2 5

66

2 5

12

2 7

58

2 2

58

2 4

36

-2 0

97

-2 4

31

-2 4

44

-2 6

22

-2 6

58

-2 2

69

-2 5

64

-2 5

13

-2 7

27

-2 6

37

-2 9

78

-2 2

81

-2 3

57

-900

-700

-500

-300

-100

100

300

500

700

900

-5

-3

-1

1

3

5

Feb

rua

ry 2

01

6

Ma

rch

20

16

Ap

ril 2

01

6

Ma

y 2

01

6

Jun

e 2

01

6

July

20

16

Au

gust

20

16

Sep

tem

ber

20

16

Oct

ob

er 2

01

6

No

vem

ber

20

16

Dec

emb

er 2

01

6

Jan

ua

ry 2

01

7

Feb

rua

ry 2

01

7

FOREIGN TRADE (GOODS&SERVICES),

MONTHLY BREAKDOWN, MLN USD

Export Import Balance

4 Macroeconomics Performance Bank overview Performance International Business

GROSS DOMESTIC PRODUCT FOREIGN TRADE

According to National Statistical Committee of Belarus foreign trade is essentially influenced by foreign trade

transactions with goods (89% of foreign trade turnover as of 01.03.2017)

Country Foreign Trade

Turnover, mln USD

Share in Foreign

Trade Turnover

Export,

mln USD

Export, % of

Total Export

Import,

mln USD

Import, % of

Total Import

Russia 4413 53,4% 1 737 46,0% 2 676 70,9%

Ukraine 580 7,0% 430 11,4% 150 4,0%

China 431 5,2% 78 2,1% 353 9,4%

Great Britain 369 4,5% 341 9,0% 28 0,8%

Germany 353 4,3% 162 4,3% 191 5,1%

Poland 313 3,8% 116 3,1% 197 5,2%

Netherlands 146 1,8% 121 3,2% 26 0,7%

Lithuania 141 1,7% 107 2,8% 33 0,9%

Turkey 140 1,7% 19 0,5% 120 3,2%



Source: National Bank of the Republic of Belarus


40,0 38,2 37,9 38,2 38,3 38,6 38,2 38,0 37,6

11,1

2,2 3,7 6,7 7,8 1,4 3,0 4,6 6,3

0%

20%

40%

60%

80%

100%

0

10

20

30

40

50

bn

US

D

GROSS EXTERNAL DEBT: ABSOLUTE & RELATIVE MEASURES

External Debt External Debt Servising External Debt, % of GDP

25 25 25 24 22 22 20 18 18 18 18 18 17 16 15 14

0,9 1,4 1,7 1,9

4,8 5,7 6,4 7,0

7,4 7,8 7,6 8,3 9,2

10,1 10,6

10

5

0

5

10

15

January February March April May June July August September October November December

Ref

ina

nci

ng

rate

, %

CP

I, %

CPI AND REFINANCING RATE IN 2016-2017

Refinancing rate 2016 Refinancing rate 2017 CPI 2017 CPI 2016

4,18 4,03 4,11 4,19 4,23 4,27 4,31 4,63 4,71 4,76 4,82 4,84 4,93 4,99 5,02 5,02

1,86 2,08

2,15 2,01 1,92 1,98 2,01 2,00 1,96 1,93 1,91 1,98 1,96 1,94 1,89 1,87

0,0

0,5

1,0

1,5

2,0

2,5

0

2

4

6

8

10

12

14

16

01

.01

.20

16

01

.02

.20

16

01

.03

.20

16

01

.04

.20

16

01

.05

.20

16

01

.06

.20

16

01

.07

.20

16

01

.08

.20

16

01

.09

.20

16

01

.10

.20

16

01

.11

.20

16

01

.12

.20

16

01

.01

.20

17

01

.02

.20

17

01

.03

.20

17

01

.04

.20

17

Exc

ha

nge

Ra

te, B

YN

Inte

rna

tio

na

l res

erve

s, b

n U

SD

INTERNATIONAL RESERVES

International Reserves USD/BYN

38,6 43,0 41,8

35,0 32,9

32,3

0

10

20

30

40

50

20

12

20

13

20

14

20

15

20

16

01

.04

.20

17

ASSETS (bn USD)

REGULATORY CAPITAL (bn USD)

&ADEQUACY (%)

0,6 0,7

0,6

0,3

0,5

0,1

0,0

0,2

0,4

0,6

0,8

20

12

20

13

20

14

20

15

20

16

01

.04

.20

17

PROFIT (bn USD)

1,8 1,9 1,7

1,0

1,3

1,4

0

0,5

1

1,5

2

20

12

20

13

20

14

20

15

20

16

01

.04

.20

17

RETURN ON EQUITY (%) RETURN ON ASSETS (%)

12,7 13,8 13,1

8,4 10,5

10,7

0

4

8

12

16

20

12

20

13

20

14

20

15

20

16

01

.04

.20

17

Source: National Bank of the Republic of Belarus


5

14

5

24

banks Banks with

foreign capital

State-owned

banks Other banks

GROSS DOMESTIC PRODUCT BANKING SYSTEM

5,2 5,6 5,2 4,2 4,5

4,7

20,8%

15,5% 17,4% 18,7% 18.0% 18,5%

0

5

10

15

20

25

0

2

4

6

8

10

12

20

12

20

13

20

14

20

15

20

16

01

.04

.20

17

Regulatory capital Capital adequacy

NUMBER OF BANKS:

As of 01.04.2017

49,66 %

49,66 %

0,18 %

0,49 %

OWNERSHIP STRUCTURE


Strong financial performance (profit

per employee, ROEA, ROAA)

Bank’s commitment to innovative

products and approaches to client

servicing

Sound reputation and brand

awareness as a classic universal bank

Results-driven team of professionals

Support from shareholders

High quality of assets (low NPL ratio)

and dynamics of development

KEY ADVANTAGES OF BELGAZPROMBANK

KEY INFORMATION


Source: IFRS statements

2013 2014 2015 2016

Total Assets (USD mln) 1604 1852 1625 1620

Net Profit (USD mln) 11,2 10,4 43,7 48,8

Loans to customers

(USD mln) 971,9 1048,5 965,8 986,5

Customer funds (USD

mln) 771,6 1057,2 983,3 837,2

Tier I Capital AR 16% 14% 12% 13%

Total Capital AR 16% 14% 18% 20%

85

9

94

0

1 2

83

1 6

04

1 8

52

1 6

25

1 6

20

65

1

82

3

1 0

09

1 3

19

1 5

77

1 4

16

1 3

86

207 117

274

285

275

209 234

2010 2011 2012 2013 2014 2015 2016

ASSETS, LIABILITIES & EQUITY DYNAMICS, MLN USD

Assets Liabilities Equity


Universal commercial bank;

Belgazprombank, established in 1990, is a privately owned bank with almost 100 % of its

shares owned by the largest and most reliable Russian holding i.e. Gazprom Group;

№ 6 by total assets, №5 by regulatory capital, № 4 by profit and №6 by loans in the banking

system;

A branch network of 6 regional offices, 57 smaller outlets and 135 other service points;

Approximately 1,4 mln retail customers and 30,1 thnd legal entities (including individual

entrepreneurs)*;

Number of employees: 1,9 thnd*;

FitchRatings: ‘ B-’ with ‘Stable’ outlook. Data as at 01.04.2017

*Managerial report as of 01.04.2017


26,6%

15,2%

10,0%

9,4%

7,6%

7,1%

4,6%

19,5%

42,4%

15,0%

8,1%

6,8%

5,8%

5,4%

4,6%

11,7%

MARKET SHARE IN TOTAL ASSETS

(6th)

Other Banks

41,8%

14,6%

6,6%

6,6%

6,3%

5,7%

4,5%

16,2%

MARKET SHARE IN REGULATORY

CAPITAL (5th)

45,0%

14,5%

8,6%

6,9%

5,4%

4,9%

4,5%

10,2%

MARKET SHARE IN LOANS

(6th)

Source: National Bank of the Republic of Belarus as of 01.04.2017

MARKET SHARE IN PROFIT

(4th)

9 Macroeconomics Bank overview Performance International Business

GROSS DOMESTIC PRODUCT MARKET POSITION

Other Banks

Other Banks

MTBank

Other Banks

Source: NFRS statements as of 01.04.2017

State-owned banks

65,2%

Banks with foreign capital

(assets over USD 0,5 bn)

23,5%

Belgazprombank

5,4%

Other Banks

5,9%

MARKET SHARE BY ASSETS

9,8%

5,6%

6,9%

14,3%

16,8%

21,3%

25,3%

0% 10% 20% 30%

Other

VTB Bank (Belarus)

Alfa-bank

Priorbank

Belgazprombank

BelVEB

BPS-Sberbank

MARKET SHARE BY ASSETS AMONG

BANKS WITH FOREIGN CAPITAL

Other banks

29,0%

BPS-Sberbank

16%

BelVEB 15,9%

Belgazprombank

15,2%

Priorbank 13,7%

Bank VTB 5,0%

Alfa-Bank 5,0%

REGULATORY CAPITAL

11,4%

13,5%

16,8%

19,3%

19,3%

20,6%

0% 10% 20% 30%

Priorbank

Alfa-Bank

BelVEB

Bank VTB

Belgazprombank

BPS-Sberbank

CAPITAL ADEQUACY


Belgazprombank is №3 by regulatory capital among the banks with foreign capital and has one of the highest

levels of capital adequacy among the foreign banks with assets over USD 500 mln



01.01.2015 01.01.2016 01.01.2017 01.04.2017

CAR 13,1% 18% 19,1% 19,3%

CIR 37,3% 28,6% 36,3% 60,7%

ROEA 28,1% 30,5% 27,0% 24,1%

ROAA 4,3% 3,8% 3,4% 3,0%

On-demand liquidity (min 20%)

126,9% 110,6% 61,7% 61,2%

Current liquidity (min 70%)

133,9% 239,6% 148,2% 164,3%

Short-term liquidity (min 1)

3,3 3,2 1,5 1,7

Source: Managerial Accounts, NFRS

4,7%

3,0%

2,5%

1,6%

1,2%

0,4%

0%

1%

2%

3%

4%

5%

Pri

orb

ank

Bel

gazp

rom

ban

k

Alf

a-B

ank

Bel

VEB

Ban

k V

TB

(Bel

aru

s)

BP

S-Sb

erb

ank

RETURN ON ASSETS AVERAGE

25,4% 24,1%

22,6%

14,4%

10,3%

4,4%

0%

5%

10%

15%

20%

25%

30%

Pri

orb

ank

Bel

gazp

rom

ban

k

Alf

a-B

ank

Bel

VEB

Ban

k V

TB

(Bel

aru

s)

BP

S-Sb

erb

ank

RETURN ON EQUITY AVERAGE



In terms of ROEA and ROAA Belgazprombank shows one of the highest performances among the banks with

foreign capital and assets over USD 500 mln

GROSS DOMESTIC PRODUCT FINANCIAL HIGHLIGHTS

Source: IFRS statements as of 01.01.2017

Other liabilities 1%

Debt securities issued

3%

Subordinated loans

12%

Due to financial

institutions 24%

Customer accounts

60%

LIABILITIES STRUCTURE

Other assets 2%

Non-current assets

held for sale 1%

Property, equipment &

intangible assets 4%

Cash & cash

equivalents 9%

Investments available

for sale 23%

Loans to customers

61%

ASSETS DISTRIBUTION

USD 41%

EUR 23%

BYN 26%

RUB 10%

CURRENCY STRUCTURE

CURRENCY STRUCTURE

USD 52%

EUR 22%

BYN 12%

RUB 14%



GROSS DOMESTIC PRODUCT ASSETS&LIABILITIES

48

6

72

0

97

2

1 0

48

96

6

98

6

46

0

66

6 77

2

1 0

57

98

3

83

7

2011 2012 2013 2014 2015 2016

LOAN PORTFOLIO & CUSTOMER ACCOUNTS DYNAMICS, MLN USD

Loans to customers Customer accounts

Source: Managerial Accounts as of 01.01.2017, NFRS

Source: IFRS Statements

1-30 days

6%

31-90 days

21%

91-180 days

13%

181 days-1 year

21%

More than 1 year

39%

LOANS TO CUSTOMERS BY TENOR


GROSS DOMESTIC PRODUCT LOAN PORTFOLIO

Real estate and rights

thereon 47%

Equipment and rights

thereon 13%

Liens over receivables

12%

Inventories 11%

Insurance of credit resk

exposure 3% Other 14%

LOANS STRUCTURE BY COLLATERAL


Trade 24%

Chemistry and

petrochemistry

11%

Retail portfolio

9% Metallurgy

7% Food industry

6%

Oil industry

5% Light industry

5%

Investments in

real estate

5% Machinery

construction

4% Gas

transportation

4%

Other

20%

SECTOR BREAKDOWN OF LOAN PORTFOLIO



GROSS DOMESTIC PRODUCT LOAN PORTFOLIO

2011 2012 2013 2014 2015 2016 3M2017

Share of NPL1

in Loan Portfolio,

%

0,20 1,70 0,20 0,57 1,40 1,14 0,72

Share of Problem

loans2

in Loan Portfolio,

%

0,38 2,01 0,29 1,57 1,44 1,68 1,23

1 NPL include loans with outstanding indebtedness from 1 day. 2 Problem loans include NPL & Restructured Loans.

Source: Managerial Accounts, NFRS

Managerial Accounts as of 01.04.2017, NFRS

NPL RATIOS


Proficient due diligence and risk management processes predetermine high loan portfolio quality

0,02%

0,41%

0,13%

1,37%

0,39%

0,40%

0,00%

0,50%

1,00%

1,50%

2,00%

2,50%

Legal Entities, % of corporate and MSE LP

Individuals, % of retail LP

STRUCTURE OF PROBLEM LOAN PORTFOLIO

BY NUMBER OF DAYS IN ARREARS

>180 days

31-180 days


Staff costs

42%

Depreciation &

amortization

12%

Obligatory social

contributions

9%

Expenses for AIISS2

services 7%

Remuneration to the

members of BD and

RC3

5%

Contributions to IDPF1

5%

Other

20%

OPERATING EXPENSE STRUCTURE

Net interest income

64%

Net gain on

operations with

financial instruments

at fair value through

profit or loss

19%

Net fee and

commission income

14%

Other non-interest

income

3%

OPERATING INCOME STRUCTURE

1Individuals deposits protection fund 2Automated interbank and international settlement system 3BD – Board of Directors, RC – Revision Committee


GROSS DOMESTIC PRODUCT INCOME&EXPENSES



91,0

110,2

157,3 167,1

176,7 167,4

178,4

41,3

58,1

85,7 83,5

91,8 100,8

87,4

0

20

40

60

80

100

120

140

160

180

200

2010 2011 2012 2013 2014 2015 2016

INTEREST INCOME & EXPENSE DYNAMICS, MLN USD

Interest Income

Interest Expense

Net Interest Income (including

Impairment Losses on Interest

Bearing Assets)

Net Non-Interest Income

79,3 86,4

127,3

116,5 122,7

106,2

118,4

39,2

33,6

47,3

60,9 68,7

53,5 61,3

-40

-20

0

20

40

60

80

100

120

140

2010 2011 2012 2013 2014 2015 2016

OPERATING INCOME & EXPENSE DYNAMICS, MLN USD

Operating Income

Operating Expense

Profit Before Tax and

Loss on Net Monetary

Position

Net Profit


Most banks in Belarus recognized losses under IFRS for 2011 as a result of the hyperinflationary status

assigned to Belarus and the application of IAS 29 (Financial Reporting in Hyperinflationary Economies).

Starting from 1 January 2015, the economy of Belarus is no longer considered hyperinflationary, thus the

value of non-monetary assets, liabilities and equity of the Bank presented in measuring units as at 31

December 2014, was used to form the opening balances as at 1 January 2015.

November 2013

MSME Credit Line

EUR 20 000 000

March 2014 Business Mortgage

Fin. Credit Line

EUR 20 000 000

August 2013 5 years SME

Credit Line

USD 20 000 000

May 2013 3 years SME

Credit Line

USD 45 000 000

2002-2012

USD 91 850 000

EUR 90 000 000

August 2014

Agricultural Sector Fin.Credit Line

USD10 000 000

August 2010 9 years Construction

Credit Line

USD 15 000 000

2007-Feb. 2013

USD 78 000 000

July 2013 5 years MSME

Credit Line

USD 10 000 000

February 2014 MSME A+B

Facility

30 000 000 EUR

May 2016 5 years SME

Credit Line

EUR 45 000 000

August 2010 5 years MSME

Credit Line

USD15 000 000

While the focus remains on providing services to Belarusian MSME, Belgazprombank also developed a large

international network of more than 100 FIs from more than 20 countries

February 2015

MSME Credit Line

BYN 10 MLN

August 2014

MSME Credit Line

BYR 15 MLN


GROSS DOMESTIC PRODUCT CREDIT LINES

TRADE FINANCE PARTNERS

March 2016

MSME Credit Line

BYN 15 MLN

February 2017

MSME Credit Line

BYN 28,5 MLN

Subordinated loan

USD 40 000 000

December 2011

Subordinated loan

USD 70 000 000

December 2014

USD 15 000 000

November 2005

USD 10 000 000

EUR 5 000 000

September 2006

+

Trade related

Syndicated loan

USD 35 000 000

June 2007

Trade related

Syndicated loan

USD 45 000 000

USD 35 000 000

June 2008

↑

The loan dd. June 2007 is

increased

Syndicated loan

A+B Structure

USD 30 000 000

February 2014

USD 35 000 000

November 2007

Trade related

Syndicated loan

Syndicated loan


GROSS DOMESTIC PRODUCT CAPITAL MARKETS

November 2013

Bridge Financing

EUR 20 000 000

Letters of

credit

35,0%

Confirmed

guarantees

0,2%

Financing

(with

monetary

component)

64,8%

Import LC

93,2% Export LC

6,8%

Source: Managerial Accounts as of 01.04.2017

60,3 mln

USD 92,1 mln

USD

As at the exchange rate of NBRB as of 31.03.2017

Import LC Export LC Confirmed guarantees Financing (post financing

and direct financing) Total

32 (22,5%) 4 (2,8%) 2 (1,4%) 104 (73,2%) 142

BY REGION BY ECONOMIC SECTOR

CIS (except

Russia)4,2%

CEE 9,5%

Asia (except

for those,

incl. in CIS)

7,4%

Europe

(except CEE

countries)

51,4%

Russia

24,0%

Other 3,9% Industry

57%

Processing

25%

Trade and

public

catering

8% General

commerce

3%

Lending

2%

Other

5%


GROSS DOMESTIC PRODUCT TRADE FINANCE

VOLUME

NUMBER OF TRANSACTIONS

BREAKDOWN OF TF PORTFOLIO

Source: Managerial Accounts as of 01.04.2017

«STP Quality Award January-

June 2014»

Raiffeisen Bank

International (RBI), Austria

«Best Internet-Banking

System» within the

Framework of the

Contest «Bank of the

Year 2012», Belarus

Gratitude 2013, 2011 «For

significant contribution

to the implementation of

charitable programs»

International Children’s

Charitable Foundation

Chance, Belarus

«Trade Award 2013»,

Commerzbank AG,

Germany

«Best Services for

Entrepreneurs»

within the

framework of the

Contest «Brand of

the Year 2013»,

Belarus

BACEE Gold Award in the

annual report competition

2014

«STP Award 2014»

Commerzbank AG,

Germany

Diploma «Patron of

Сulture of Belarus

2015»

Award «HR

Brand 2015» in

the «Republic»

category

The best partner bank of

Development Bank of

Belarus in the support of

SME 2015

The best Bank of the year in

the nominations «Online

Bank», «Banking Service»,

«Bank for Business», «The

most dynamic Bank among

the largest banks»

BACEE 2014 Special

Award for

Transparency in

Financial Reporting

The recognition of our efforts brings pride to all of us and confirms the invaluable price

Belgazprombank receives from its stakeholders – our shareholders, customers and employees

21 Macroeconomics International Business Bank overview Performance

GROSS DOMESTIC PRODUCT AWARDS

Award «HR

Brand 2016» in

the «Culture»

category

The best partner bank of

Development Bank of

Belarus in the support of

SME 2016

Grand Prix of «Bank of

the year» award 2016

and «The best bank

among the largest

banks» award 2016

International Children’s Charity Foundation Chance

The Foundation, established and supported by Belgazprombank, is currently recognized by

the independent Experts as the most significant non-governmental charity foundation in the

Republic of Belarus and one of the most successful projects in this field. More than 300

children received help over the recent 5 years for the total amount over USD 3 mln.

Project «Art-Belarus» The initial idea of a corporate collection «Belarus-Born Artists of the School of Paris»

developed into a nationwide project «Art-Belarus» aimed at a historical overview of the fine

arts evolution in Belarus in its plenitude and integrity.

International Theater Forum «TEART»

Annual international theater forum «TEART» conducted under the auspices of

Belgazprombank has acquired the status of one of the most important cultural events in

Belarus.

International Handball Tournament

Annual tournament «Belgazprombank’s Cup» with the participation of clubs from Russia,

the Ukraine, Poland, Spain, France, Macedonia and other countries has become one of the

most prestigious international tournaments held within former Soviet territory.

“…While, in our opinion, theatrical art demonstrates the integration of

Belarus into world culture and we try to understand the present-day

theatre and imagine the theatre of the future – the collection of art works

is a mere flashback. Such projects can be merged to fulfil one important

task – to shape our future based on our past, taking our present into

account...”

Viktar Babaryka

Chairman of the Management Board of Belgazprombank

Belgazprombank presented a large-scale international art-project «Time and creative work

of Leon Bakst» in the framework of the national historic and cultural project «Art-Belarus»

dedicated to the 150th anniversary from the artist’s birth and aimed at the provision of a

comprehensive picture of the development of national art.

Time and creative work of Leon Bakst

Successful systematic international projects in social and cultural spheres are a distinctive feature of

the Belgazprombank’s activity.

Autumn Salon of Belgazprombank

A large-scale project the main purpose of which is, on the one hand, to find the most talented artists of Belarus and support their professional development, and, on the other

hand, to facilitate the formation of the Belarusian art-market. The winners of the project will

be supported in the participation in a world famous Paris Autumn Salon.


GROSS DOMESTIC PRODUCT SOCIAL ACTIVITY

Address: 60/2 Pritytsky St., 220121 Minsk, Belarus

SWIFT: OLMPBY2X

Telex: 252104 OLIMP BY

E-mail: [email protected]

www.belgazprombank.by

BELARUSIAN MACRO • BELARUS OVERVIEW (p.2)

• GROSS DOMESTIC PRODUCT (p.3)

• FOREIGN TRADE (p.4)

• EXTERNAL DEBT INDICATORS, CPI AND REFINANCING RATE (p.5)

• BANKING SYSTEM (p.6)

BELGAZPROMBANK OVERVIEW • BRIEF INFORMATION (pp.7-8)

• MARKET POSITION (pp.9-10)

BELGAZPROMBANK FINANCIAL PERFORMANCE • FINANCIAL HIGHLIGHTS AND LIQUIDITY (p. 11)

• BALANCE SHEET RESULTS (pp.12-15)

• INCOME & EXPENSES (pp.16-17)

INTERNATIUONAL BUSINESS • COOPERATION WITN FIs (pp.18-19)

• TRADE FINANCE (p.20)

AWARDS (p.21)

SOCIAL ACTIVITY (p.22)

CONTENTS (p.23)

CONTACTS (p.24)

23 Macroeconomics International Business Bank overview Performance

GROSS DOMESTIC PRODUCT CONTENTS

Mr Sergey V. Shaban

Deputy Chairman of the Board

+375 17 229 15 35

[email protected]

Mrs Irina A. Antonova

Global Financial Institutions Head

+375 17 218 36 55

[email protected]

Mr Andrei A. Khatsenka

Head of Business Development

Financial Institutions

+375 17 218 36 55

[email protected]

Address: 60/2 Pritytsky St.,

220121 Minsk, Belarus

SWIFT: OLMPBY2X

Telex: 252104 OLIMP BY

E-mail: [email protected]

www.belgazprombank.by

belorussian- russian belgazprombank joint stock...belveb bps-sberbank market share by assets among...

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