According to EBRD website, the Project will assist Belarusky Narodny Bank in mobilising external funds in local currency which will help to diversify the bank's funding base and expand local currency lending to private micro, small and medium-sized enterprises in Belarus. Further, it aims to promote local currency lending in Belarus thus supporting the development of the domestic capital market in the country and de-dollarization of the economy as well as fostering a more stable financial environment.
Belarusky Narodny Bank is a mid-sized privately-owned bank in Belarus ranked 13th by total assets among 24 banks at YE17 and is majority-owned by JSC Bank of Georgia (Georgia). Primarily SME focused, BNB-Bank serves 9.4 thousand unique SME clients and 87.8 thousand unique individual clients through 16 branches.
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 email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.