EXIAR jointly with TransKapitalBank continues to support GAZ Group exports
The Russian Agency for Export Credit and Investment Insurance (EXIAR) has issued credit insurance coverage of loans to finance GAZ Group exports to the Republic of Belarus.
The Buyer Credit Insurance policy was agreed to by EXIAR and Transkapitalbank. As part of the policy’s conditions, EXIAR insured nearly 30 million rubles of Transkapitalbank’s loan to Belinvestbank (Belarus) for the purposes of paying for shipments of GAZ Group automobiles to the Republic of Belarus.
EXIAR’s Buyer Credit Insurance coverage is provided to a bank (international or Russian) that makes a loan to an overseas buyer (the Borrower) to finance the purchase of goods and/or services from a Russian exporter.
Transkapitalbank is a full-service bank that offers a wide range of banking services to legal entities and individuals in 20 regions around Russia. Transkapitalbank is one of the 50 largest banks in Russia in terms of assets and shareholders' equity. The bank currently possesses over RUB 175 billion worth of assets and more than RUB 28 billion in equity. The bank ranked tenth on the list of the 100 most reliable Russian commercial bank as of January 1, 2015, published in the weekly business magazine Profile. The bank’s primary shareholders are: top management (55%); the European Bank for Reconstruction and Development (28.59%); German investment company DEG (9.14%); and, the International Finance Corporation (7.7%). The bank has an international credit rating of B1 by Moody's Investors Service. The bank’s primary activities center on financing large corporate clients, small- and medium-sized businesses, home mortgages, as well as checking and savings services for individuals and legal entities. One of its new focuses is the formation of the forum "A Bank for Banks" for financial institutions in the Eurasian Economic Union and the CIS. The program offers a comprehensive approach to creating a line of products that includes checking, treasury operations, trade finance instruments, and the ability to organize syndicated loans. Financing for Russian exports, with insurance coverage provided by EXIAR, is one of the bank’s most popular products.
The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011. EXIAR's mission is to support Russian hi-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks. Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 31 billion. The State Specialized Russian Export-Import Bank (Eximbank of Russia) is a subsidiary of EXIAR.
Belinvestbank is one of the largest state banks in Belarus. It ranks fourth in terms of assets and equity, as well as the volume of its credit portfolio. The bank engages in the primary activities of the state's monetary and credit policy, increasing the efficiency of working with clients – individuals, small- and medium-sized business owners, as well as large corporations. At the beginning of 2015, the bank’s assets totaled $2.6 billion while its equity amounted to $305.8 million. The bank’s net profit according to IFRS reporting standards for 2014 totaled $11.7 million. Belinvestbank has an extensive network within Belarus, amounting to nearly 200 branches and divisions. The bank also has an office in Poland.
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