Bank BelVEB maintains financial stability and provides support to the real sector of the economy

BelVEB Bank, with the financial and guarantee support of its principal shareholder (VEB.RF), consistently adheres to its strategic development plans and provides necessary financial assistance to the real sector of the Belarusian economy.

BelVEB Bank, with the financial and guarantee support of its principal shareholder (VEB.RF), consistently adheres to its strategic development plans and provides necessary financial assistance to the real sector of the Belarusian economy.

Currently, BelVEB Bank benefits from expanded credit line support from its parent bank, and VEB.RF's high readiness to provide additional assistance to its Belarusian subsidiary, if necessary, is one of the key factors influencing BelVEB Bank's market position: it maintains financial stability, possesses an adequate level of physical liquidity, and complies with all prudential requirements of the National Bank of the Republic of Belarus.

The cooperation between VEB.RF and BelVEB Bank is particularly important for the economies of the Republic of Belarus and the Russian Federation due to the strategic significance of jointly financed integration projects aimed at developing close economic ties between the countries. In this context, BelVEB Bank plays a key role in the implementation of Russian-Belarusian integration projects financed with the participation of the VEB.RF Group in the Republic of Belarus.

Specifically, VEB.RF supports Belarusian exports to the Russian Federation and to third countries, and facilitates the implementation of projects for the export of Russian goods and services to the Republic of Belarus. Banks are effectively participating in specific projects with integration effects for the Republic of Belarus and the Russian Federation, including those related to the establishment of new production facilities and the deepening of cooperation. The parent structure also assists BelVEB Bank through trade finance instruments: it issues irrevocable reimbursement undertakings in favour of confirming banks, adds confirmations to the bank's letters of credit, and issues guarantees against counter-guarantees.

Such assistance from VEB.RF confirms the strategic partnership and interest in the timely fulfillment by BelVEB Bank of its obligations to depositors and creditors, and also expresses readiness to provide support for the effective operation of its subsidiary with clients and partners, building effective long-term relationships with them, as well as implementing ambitious projects within the framework of the Strategic Development Plan of BelVEB Bank.