BelVEB has received the right to issue guarantees in the field of public procurement in the Russian Federation

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AK&M 24 March 2023 10:32

BelVEB Bank has received the right to issue guarantees in the field of public procurement in Russia. This is stated in the bank's message.

The Ministry of Finance of the Russian Federation has included BelVEB in the list of authorized banks that have been granted the right to issue guarantees as part of the public procurement procedure in Russia. About

As explained by the Executive director of BelVEB Bank Evgeny Cherepovich, whose words are quoted in the message, the status of an authorized bank will significantly expand the bank's capabilities to support Belarusian exporters supplying goods and performing work in the territory of the Russian Federation. The amounts and validity periods of guarantees previously limited by the parameters of the limits set on elVEB by authorized banks have now been significantly increased.

In addition, this decision will contribute to the implementation of the bank's strategic goal for the development of Russian-Belarusian cooperation projects provided for in the updated Strategic Development Plan of the bank for 2022-2024.

In 2022, BelVEB organized the issuance of 14 such guarantees by authorized banks for a total amount of more than 400 million Russian rubles.

JSC "Belvnesheconombank" (BelVEB) was registered on December 12, 1991 by the National Bank of the Republic of Belarus under registration number 24. The registered authorized capital is 117.4 million bel. rub. The bank's shareholders are about 370 legal entities and more than 43 thousand individuals.