AK BARS Bank became a participant of the syndicated loan for JSC Development Bank of the Republic of Belarus

AK BARS Bank joined the syndicated loan for JSC Development Bank of the Republic of Belarus (the DBRB) acting as Mandated Lead Arranger and Participating Bank on the project.

The facility agreement was signed on 16 November 2015. The total amount of the deal exceeded USD 160 mln. There are 8 participating parties within the syndicate including JSC Alfa Bank (Mandated Lead Arranger and Agent Bank), JSCB Novikombank, PJSC Promsvyazbank, JSC Bank Finservice, JSC Russian Agricultural Bank, Transcapitalbank, PJSC JSC Sviaz-bank, AK BARS Bank.

Tapping the syndications market with relevant status became a milestone project on providing the syndicated financing to a non-resident bank within AK BARS Bank’s successful track record.

Evidently, the project implementation under new external conditions fosters cooperation with the Russian and Belarusian banking institutions.

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