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Wednesday, 09 June 2010
EBRD names Priorbank The Most active TFP bank in Belarus in 2009
The European Bank for Reconstruction and Development (EBRD) has named Priorbank Belarus’ most active trade finance bank within the Trade Facilitation Program (TFP) in 2009.
The award was presented during the EBRD Annual Meeting and Business Forum in Zagreb.
The EBRD’s Trade Facilitation Program promotes foreign trade with Central and Eastern Europe and the CIS. Through the program, the EBRD provides guarantees to international confirming banks. In so doing, it takes the political and commercial payment risk of transactions undertaken by issuing banks in the countries where the EBRD operates. The program can guarantee any genuine trade transaction associated with exports from, imports to, and between the EBRD’s countries of operations.
Twenty-seven countries participated in the program together with 600 confirming banks throughout the world in 2009.
Priorbank joined the Trade Facilitation Program in 2000 and since then has been using resources of EBRD programmes to confirm letters of credit, guarantees, and finance export programs.
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Priorbank OAO is a member of RZB-Group and a subsidiary of Raiffeisen International Bank-Holding AG (Raiffeisen International). Raiffeisen International is a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Austria AG (RZB). The major shareholder of Priorbank is Raiffeisen International with 87.74%.
28.12.2011 -
RZB shareholders' general meeting resolves the issuance of participation capital
09.12.2011 -
EBA shortfall for RZB Group set at approximately 2.1 billion euros
24.11.2011 -
Raiffeisen Bank International's nine-month profit before tax exceeds € 1 billion
18.11.2011 -
Positive business development raises the RZB Group's EBA shortfall
08.11.2011 -
Raiffeisen Research sees continued growth potential in CEE banking sector under new convergence model
21.10.2011 -
RBI acts as Joint Lead Manager and Bookrunner for EUR 180 million debut Eurobond issue by Polish State Railways
13.10.2011 -
190,000 euros for East Africa aid
10.10.2011 -
Raiffeisen Bank International statement following today's announcement by Erste Group
10.10.2011 -
Raiffeisen Bank International receives additional EMEA Finance award
05.10.2011 -
CEE growth negatively affected by eurozone debt crisis and global economic slowdown
29.09.2011 -
European debt crisis dominates global markets
22.09.2011 -
Priorbank celebrates 5th anniversary of working with SMEs
26.08.2011 -
Raiffeisen Bank International's consolidated profit in the first half of 2011 rises by nearly one-third to € 615 million
29.07.2011 -
RBI lead manages USD 200 million Eurobond issued by Credit Bank of Moscow
20.07.2011 -
ZUNO BANK starts operations in the Czech Republic
18.07.2011 -
Raiffeisen and MasterCard bring contactless payment to Austria
15.07.2011 -
Raiffeisen Bank International clearly passes EU-wide stress test
15.07.2011 -
Raiffeisen Bulgaria signs guarantee agreement with European Investment Fund to support SME lending
11.07.2011 -
Euromoney awards RBI for being the best regional bank in CEE
06.07.2011 -
CEE’s differentiated upswing to broaden across the region in 2012
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