FIF - Belarusky Narodny Bank Syndicated (EBRD-48289)

  • Belarus
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 6, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS May 15, 2017

Disclosed by Bank Jun 1, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
EBRD has committed a senior unsecured syndicated A/B loan in the aggregate amount of up to US$ 20 million to be comprised of: (a) "A Loan" of up to US$ 5 million for the account of EBRD; and (b) "B Loan" of up to US$ 15 million, which will be syndicated to financial institutions. The proceeds of the syndicated A/B loan will be used for lending to eligible to small and medium enterprises.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
BELARUSKY NARODNY BANK OJSC is majority owned by the Bank of Georgia. It is a growing medium-sized bank, ranked 12th among 26 banks in Belarus by total assets as of the end of 2015. BNB has been a client of the EBRD since 2011. BNB is a primarily SME focused bank, known for the high-quality services, flexibility and promptness in decisions-making, which operates in the sector, dominated by large state-owned banks. The funding involves a syndicated A/B loan to BNB in the aggregate amount of up to US$ 20 million, of which EBRD portion comprises of up to US$ 5 million while the remaining (B loan) will be syndicated to interested financial institution(s). The proposed transaction is expected to have up to 4 years maturity including a grace period of up to 1 year on repayment of principal.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Anton Slesarev ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at

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How it works