OREANDA-NEWS. On 04 May 2009 was announced, that Belarus’ Belagroprombank signed a credit agreement with Russia’s Rosselkhozbank to take a USD 20 million tied loan, the Belarusian bank said in a statement.

The loan is extended for 12 months to finance Euro Trade Brest OOO meat-packing plant, based in the Brest Region.

In early 2009, Rosselkhozbank extended the trade finance limit for Belagroprombank, which became the largest potential borrower of Rosselkhozbank among non-resident banks.

In late 2008, Belagroprombank accounted for 25% of all assets of the Belarusian banking system, 35% of the corporate lending market and 11% of retail deposits with banks.

Belagroprombank’s resource base rose 90% in 2008 to 15.5 billion rubles on January 1, 2009. Equity doubled to 4.3 trillion rubles.

In 2008, the bank attracted USD 430 million in foreign funds, including USD 150 million worth of untied funds.

Belagroprombank’s loans to the national economy increased 90% to 13.1 trillion rubles.

Bad loans accounted for 0.3%, down from 0.4% in early 2008.

Last year, the bank financed 57 long-term foreign trade projects of its clients worth USD 76.2 million and 274 short-term foreign trade projects worth USD 86.7 million using foreign funds.

The National Bank of Belarus registered Belagroprombank in September 1991. The state and government-related holders own a controlling stake.