Belagroprombank Signed Credit Agreement
OREANDA-NEWS. September 18, 2007. JSC "Belagroprombank" signed credit agreement with financial organization Deere Credit, Inc. in Washington (USA). This agreement allows financing of agricultural John Deere engineering delivery for Belarusian enterprises–customers of JSC “Belagroprombank”.
JSC "Belagroprombank" is the first Belarusian bank, which concluded credit agreement with non-banking financial organization – resident of the United States of America. Realization of direct financing scheme will allow to attract considerable volumes of credit resources on non-connected basis, i.e. without insurance cover of export credit agencies. It will save time necessary for crediting, what will provide better satisfaction of bank customers’ requirements in financing. Signing of this credit agreement is evidence of further expansion of cooperation and forms of interaction of JSC "Belagroprombank" with international financial institutions, and also the result of systematic work of JSC "Belagroprombank" in financing of projects of bank customers, planning the delivery of goods from the United States.
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