The Development Bank spoke about supporting small and medium-sized businesses in Belarus
August 7, Minsk / Corr. BELTA/. Chairman of the Board of JSC “Development Bank of the Republic of Belarus” Alexander Egorov spoke on the air of the TV channel “Belarus 1” on supporting small and medium-sized businesses in Belarus, BelTA informs.
“The initial part is the financial part. We have the so-called wholesale lending, when we allocate resources to commercial banks that have a developed network for small and medium-sized businesses and at the expense of our loan costs. There are two products. The first is a specialized export product “. , the unchanged rate is 14%, the loan term of Belarus is up to 5 years and, in terms of stability, about Br100 million since the beginning of the year, loans have been issued to residents, acute small and medium-sized businesses. The rate is 7.5% below the offer, below the refinancing rate, the term is also up to 5 years, the amount is up to Br5 million, and we see that about Br20 million of such loans have already been issued. A subsidiary organization has been established under the Development Bank – the Foreign Economics Agency. mic activity, one of the tasks of which is to simplify the setup of procedures in terms of export and import. This is very important for small and medium businesses that require a lot of expenses for such things. And within the framework of the activities of this agency, we plan to create a special installation – a single foreign economic action, where the sensors of the senses, firstly, receive species-administrative procedures in the apparatus. Secondly, they receive some additional services that they now receive in different places. For example, this is financing, logistics, insurance, some kind of transportation services, and so on.”
The proposal has taken place, the pilot phase should be launched before the end of this year. “And then we will gradually scale it up. he noted.
“If we talk about supporting agricultural enterprises, we annually hold a competition to select the most effective projects for the construction of dairy farms. For example, 15 contestants come to us, we select 7–8. 15% when you put the refund of the object into effect – that is, it reduces the real work and plus another 10% of your costly investments you receive a transfer with the expected result. Now we have been holding a competition for farms for more than 4 years, we are working on a scheme, we see the effectiveness, in fact, not a single delay on such loans. We have a very small share of such overdue loans,” added Alexander Egorov. .-0-