Belagroprombank

OJSC Belagroprombank was registered with the National Bank of the Republic of Belarus on September 3, 1991. License to carry out banking activities of the National Bank of Belarus dated 13.01.2017 No. 2. UNP 100693551. He is the authorized bank of the Government of the Republic of Belarus for servicing state programs. Belagroprombank is one of the largest banks in Belarus, having introduced a quality management system that meets the international requirements of ISO 9001.

History

2021: Closure of correspondent accounts in Europe due to sanctions

The Belarusian banking system felt the heavy toll of European and US sanctions imposed in the summer in response to the repression and forced landing of the Ryanair flight. European banks began to massively close correspondent accounts in dollars and euros for Belarusian "states," without which it is impossible to conduct operations in two key world currencies.

In September 2021, the accounts of Belarusbank, Belinvestbank and Belagroprombank were closed by Deutsche Bank, a key correspondent bank for the state credit organizations of the republic,  Nasha Niva reported.

Belagroprombank - one of three banks that fell under EU sanctions - lost correspondent relations not only with Deutsche, but also with all European colleagues, including German Commerzbank, DZ Bank, Italian Unione di Banche Italiei and Polish PKO Bank.

Even Russian "guests" refused foreign currency transactions against Belagroprombank.

A similar situation has developed in Belarusbank and Belinvestbank, which are also on the EU sanctions list.

The two thin strings on which the public banking sector rests and which can break at any time are VTB's European subsidiary (conducting operations for Belarusbank) and Transcapitalbank, which holds euro accounts for Belagroprombank.

2020: The second largest bank in Belarus

It is one of the top 25 largest banks in Central and Eastern Europe (Top 25: Central and Eastern Europe).

Largest banks in Belarus in terms of assets as of August 2020