BPS-Bank concludes CFAF10mn loan agreement with Swiss bank

BPS-Bank has concluded a framework CFAF10mn loan agreement with one of the Swiss banks, BelTA learnt in the Belarusian bank.

The agreement spells out the basic principles and terms of financing the deliveries of technological equipment from Switzerland to Belarus under the insurance coverage of the Swiss Export Risk Insurance. The repayment periods range from two to five years depending on the amount of a loan.

In 2008, BPS-Bank allotted $687.4 million to finance foreign trade operations and attracted $222.15 million worth of foreign loans.

As of early 2009 BPS-Bank ranked 3rd among Belarusian banks in terms of the network and retail loan portfolio, 4th in terms of the assets and equity. The bank has been awarded long-term "В+" by Standard & Poor’s, "B2" by Moody’s Investors Service and "B-" by Fitch Ratings.