S&P upgrades Belagroprombank to ‘B'

Photo: www.belta.by

S&P Global Ratings raised its long-term issuer credit rating on Belagroprombank to “B”, BelTA learned from the Belarusian bank.

“The international credit rating agency Standard & Poor's upgraded its long-term issuer credit rating on Belagroprombank to “B” and affirmed the 'B' short-term issuer credit rating. S&P's outlook on the bank is stable,” Belagroprombank noted.

According to the bank's representatives, the upgrade is due to the policy adopted by its top management to improve Belagroprombank's financial reliability and efficiency, optimize business processes, and strengthen the market positions. “Our new strategy is aimed at reaching the leading positions in Belarus' regions in financial assistance to the population and SMEs in addition to the high efficiency of our own operation,” the bank said.

S&P evaluates Belagropormbank's business position as stable, which “reflects the status of a large creditor of companies specializing in strategic economic sectors. S&P experts expressed confidence that “the bank will demonstrate a stable quality of assets”.

Belagroprombank is among the leaders in Belarus' banking systems in terms of the charter capital, the volume of assets and deposits. The upgraded rating will provide the bank with more comfortable conditions to raise finances, including on foreign debt capital markets.

 
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Hallo liebes Radio und ALLES GUTE zum 34.Geburtstag der deutschen Redaktion. So lange kenne ich Radio Belarus noch gar nicht, aber wenn Du liebe Jana und liebe Elena die nächsten 34 Jahre hier weiterhin am Start seit, dann bin ich es als Hörer auch, versprochen!! :-) ) LG Dietmar

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Lieber Dietmar,

vielen Dank für Deine Glückwünsche!!
Ich bin auch nicht vom Anfang an hier. Wollen wir trotzdem so viel wie möglich zusammen bleiben! ;)
Liebe Grüße und alles Gute
Jana


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