Belagroprombank
| Company type | Government-owned corporation |
|---|---|
| Industry | Banking |
| Founded | 3 September 1991 |
| Founder | Government of Belarus |
| Headquarters | , |
| 465,005,000 Belarusian ruble (2021) | |
| 76,952,000 Belarusian ruble (2021) | |
| Total assets | 13,753,619,000 Belarusian ruble (2021) |
| Owner | State Property Committee of Belarus |
Number of employees | 5,129 (2021) |
| Website | belapb |
Belagroprombank (Belarusian: Белаграпрамбанк; Russian: Белагропромбанк) is a Belarusian joint-stock commercial bank owned by the state. As of 2018, it is the second largest bank in the system by assets.[1] The bank is under EU sanctions since summer 2021.
History
Belagroprombank was registered as one of the first Belarusian joint-stock banks on 3 September 1991.[2] Since 1995, it has been a participant in the securities market. In 2000, it was renamed Open Joint-Stock Company "Belagroprombank".
In August 2010, Belagroprombank was the first Belarusian bank to implement a quality management system for servicing individuals and was certified for compliance with the requirements of the STB ISO 9001 standard.
On 24 June 2021, the bank was added to the EU sanctions list.[3][4] The EU sanctions include restrictions on borrowing on EU markets and the availability of loans with a maturity of more than 90 days from European counterparties.[3][4] In August of the same year, Switzerland joined these sanctions.[5]
In March 2022, the bank was sanctioned by Japan,[6][7] and the EU cut it off from SWIFT[8] "in response to Belarus's significant assistance and support for Russia's invasion of Ukraine and its support for the Russian armed forces".[9] Switzerland and Ukraine soon joined this package of European sanctions.[10][11] On April 11, 2023, to further pressure Putin's accomplices in Belarus, the Prime Minister of Canada announced additional sanctions against nine entities linked to the Belarusian financial sector, including Belagroprombank.[12][13]
References
- ^ "Бухгалтерский баланс и отчет о прибылях и убытках". Национальный банк Республики Беларусь. Archived from the original on 2019-02-01. Retrieved 2019-01-31.
- ^ "Информация о банке" (in Russian). infobank.by. 13 September 2010.
- ^ a b "Consolidated text: Council Decision 2012/642/CFSP of 15 October 2012 concerning restrictive measures in view of the situation in Belarus". EUR-Lex. Archived from the original on 2021-10-26. Retrieved 2021-10-26.
- ^ a b Kubiak, Mateusz (2021-06-30). "EU Sectoral Sanctions Put a Heavy Burden on Lukashenka's Regime". Eurasia Daily Monitor. 18 (104). Archived from the original on 2021-10-26. Retrieved 2021-10-26.
- ^ "Швейцария расширяет санкции против беларусского режима". Archived from the original on 2024-06-05. Retrieved 2024-06-05.
- ^ "Japan introduces further sanctions on Russia and Belarus". Archived from the original on 2022-04-24. Retrieved 2022-05-06.
- ^ "資産凍結等の措置の対象となるベラルーシ共和国の個人及び団体" (PDF) (in Japanese). Archived from the original (PDF) on 2022-03-27. Retrieved 2022-05-06.
- ^ "Новые санкции ЕС против Беларуси: отключение от SWIFT, запрет евро и операций Нацбанка" (in Russian). Archived from the original on 2022-04-26. Retrieved 2022-05-06.
- ^ "COUNCIL REGULATION amending Regulation (EC) No 765/2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine". EUR-Lex. Archived from the original on 2023-01-15. Retrieved 2023-01-15.
- ^ "Швейцария присоединилась к санкциям ЕС против официального Минска". Европейское радио для Беларуси. 2022-03-16. Archived from the original on 2022-05-06. Retrieved 2022-05-06.
- ^ "Открытое акционерное общество "Белагропромбанк"". Война и санкции (in Russian). Archived from the original on 2023-01-15. Retrieved 2023-01-15.
- ^ "Prime Minister announces more support for Ukraine". Премьер-министр Канады. 2023-04-11. Archived from the original on 2023-04-12. Retrieved 2023-04-12.
- ^ "Regulations Amending the Special Economic Measures (Belarus) Regulations". Министерство международных дел Канады. 2023-04-03. Archived from the original on 2023-04-14. Retrieved 2023-04-12.