Belarusbank pours $1.7bn in domestic projects at the expense of Chinese credits
08 July 2019
MINSK - Belarusbank has financed projects worth $1.7 billion in Belarus at the expense of credit funds provided by Chinese banks, Belarusbank Vice CEO Alexander Yegorov said in a statement.
“There are projects related to the potash industry, mechanical engineering, as well as petrochemical projects. In addition, there are certain resources of up to $100 million, which were allocated for the development of small and medium-sized enterprises," Yegorov said.
In his words, Belarusian banks are interested in the projects implemented in the China-Belarus Industrial Park Great Stone.
Belarusbank was founded in July 1991 and merged with Belarus’ Sberbank in October 1995. The state holds a 99.95% share in the bank’s statutory capital.