For the Development Bank of the Republic of Belarus this is a debut deal in the market of syndicate lending. The facility floating interest rate is 4.25 percentage points against three months’ EURIBOR. The facility is structured in two tranches with the terms up to one year for the total amount of 20 mln and 110 mln EUR correspondingly.
Arrangers of the loan were financial institutions of Western Europe and Russia, including: AKA Ausfuhrkredit-Gesellschaft m.b. H., ОАО «Alfa-Bank», VTB Bank AG (Germany), ZAO «GLOBEXBANK», ОАО «MDM Bank», ЗАО AKB «Novikombank», ОАО «Promsvyazbank» and OAO «Rosselkhozbank».
Sergei Roumas, Chairman of the Board of the Development Bank of the Republic of Belarus, commenting on the importance of the deal said: «Alfa-Bank’s active participation in the debut syndication for the Development Bank of the Republic of Belarus is a manifestation of the mutual interest in long-term cooperation and evidence of trust in our bank on the part of the largest in Russia private bank. The proceeds will be used to finance foreign trade, modernize largest Belorussian enterprises and implement infrastructure projects».
Simon Vine, Co-Head of Corporate and Investment Business at Alfa-Bank: «Syndicated financing of the Bank of Development of the Republic of Belarus is the largest deal in terms of raised funds in the sovereign history of the Belarusian banking system, acknowledging the status of the Bank as one of the most reliable Belorussian borrowers — financial institutions. This is the second in a row syndicated loan for a Belorussian bank in 2014 with the participation of Alfa-Bank reflecting Alfa-Bank’s interest in making investments in the Belorussian economy».
ОАО «Development Bank of the Republic of Belarus» — is a specialized institution founded in accordance with Decree 261 of the President of the Republic of Belarus of 21 June 2011. Among founders of the bank are: the Council of Ministers and the National Bank of the Republic of Belarus. The bank’s priority objective is the development of the system for financing state programs and the implementation of socially important investment projects
Founded in 1990, Alfa-Bank is a full-service bank operating in most sectors of the financial market, including retail and corporate lending, investment banking, leasing, trade and structured finance.
Alfa-Bank is Russia’s largest private bank in terms of total assets, total equity, customer accounts and loan portfolio.
According to the audited IFRS financial statements for 2013, the Alfa Banking Group, which comprises OJSC Alfa-Bank as well as its subsidiary financial companies, had total assets of $48.6 bln, gross loans of $34.0 bln, and total equity of $4.8 bln. Net profit after tax for 2013 amounted to $900 mln.
The Alfa Banking Group’s corporate and retail client base has grown considerably over the last several years: as of January 1, 2014 the Alfa Banking Group served around 109 thousand corporate and 10.6 mln retail customers, while the branch network expanded to 617 offices across Russia and abroad, including a subsidiary bank in the Netherlands and financial subsidiaries in the United States, the United Kingdom and Cyprus.
