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Belarusbank considering yuan loans for China-Belarus industrial park resident companies

Economy 14.05.2019 | 19:24
Viktor Ananich. An archive photo
Viktor Ananich. An archive photo

MINSK, 14 May (BelTA) – Belarusbank may start lending yuans to resident companies of the China-Belarus industrial park Great Stone, BelTA learned from the bank's Chairman of the Board Viktor Ananich on 14 May.

The Belarusbank chairman of the board said: “We have an interesting proposal from the China Development Bank about lending yuans to our economy. We are now looking into possible projects in the territory of the Great Stone park.”

Viktor Ananich also reminded that Belarusbank had recently attracted €100 million on good terms from China. “We've also taken out a loan for small business from the European Investment Bank. This circle will grow larger,” the chairman of the board assured.

In his words, in 2018 Belarusbank attracted over $2 billion to the national economy. Speaking about this year's borrowing plans, Viktor Ananich explained: “We can take out some minimum amount for ourselves, but the bank's authority, its rating allow arranging loans for our companies if need be. We just need effective projects.”

Among the projects the bank is working on now the official mentioned projects of Mogilevkhimvolokno and Grodno Azot. Viktor Ananich specified that, for instance, one bank will not be able to handle Grodno Azot's project on its own due to the current limits, this is why a syndicate may likely be required.

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