OREANDA-NEWS. November 05, 2009. In spite of the complicated situation in the international financial markets, the bank continued development of relation with foreign financial institutions. Due to financial reliability and stable reputation, in 2009 the bank managed to achieve significant success in financing international business, this providing for inflow of foreign currency resources in the production sector of the country's economy, reported the press-centre of BPS-Bank.

In the framework of development of strategic cooperation with Sberbank of Russia, JSC “BPS-Bank” actively utilizes the USD 50 million facility line provided by Sberbank. One month after the facility line came in force, the bank has opened letters of credit of Belarusian enterprises totaling USD 38 million. In the near future a range of contracts of Belarusian companies are subject to finance, and the multicurrency facility line will be fully utilized.

Generally, within 9 months 2009 the bank concluded 24 agreements with international banks for USD 96.34 million in order to obtain credit resources under export credit agencies’ insurance cover. The exposure on loans under ECA cover as of 01.10.2009 made USD 122.06 million which is twice more than the similar figure as of 01.01.2009.

The total trade finance transactions volume made USD 210.4 million. Foreign credit resources were raised for USD 140.3 million.

Development of international business is one of the top priorities of JSC “BPS-Bank” aimed at comprehensive customer service.