Belgazprombank

Belgazprombank | 2024-09-19 10:58

Abstract：Established in 1990, Belgazprombank offers bank services including opening and maintaining of bank accounts, currency exchange transactions, issuing of bank guarantees and so on. Though it has been authorized to operate banking, it is not regulated well.

Established in 1990, Belgazprombank offers bank services including opening and maintaining of bank accounts, currency exchange transactions, issuing of bank guarantees and so on. Though it has been authorized to operate banking, it is not regulated well.

Pros and Cons

Pros	Cons
Various banking services	Unregulated
Social media presence	Web trading feature not available
Clear fee schedule
Long-standing operations

Is Belgazprombank Legit?

No. 8 issued by the National Bank of the Republic of Belarus on 23.02.2024 empowering Belorussian-Russian Belgazprombank Joint Stock to perform the banking operations. However, Belgazprombank is not regulated. As a result, while the bank has more operational freedom, it also carries higher risks.

What Can I Trade on Belgazprombank?

At Belgazprombank, you can engage in a variety of financial trading and depository activities.

Trade Finance and Documentary Business:

- Letters of Credit: Belgazprombank offers issuance, advising, and confirmation of letters of credit, with or without coverage.

- Irrevocable Reimbursement Undertakings (IRUs): The bank provides issuance of IRUs, which are commitments to reimburse the amount covered under a letter of credit.

- Bank Guarantees: The bank issues and advises on bank guarantees.

- Post-Financing and Discounting: You can access post-financing or discounting services for documentary letters of credit.

- Trade-Related Loans: The bank provides loans specifically related to trade activities.

- Trade Financing with ECA Coverage: Trade financing options are available under the coverage of Export Credit Agencies (ECAs) and international development banks.

- Custom Transactions: Other trade-related transactions can be arranged as permitted by applicable legislation upon request.

Belgazprombank Fees

Belgazprombank charges fees and commissions for banks and non-banking credit and financial institutions. You can download the file to learn about specific fee item. Besides, the key fee items have been presented in a table:

Service Category	Fee
Account Maintenance Fees
Statement and Credit Notification Issuance	Extra statement and credit notification upon request	BYN 20.00 per item
Temporary Statement Issuance	Issuance of temporary statement upon request	BYN 20.00 per item
Bank Transfers
Foreign Currency Transfers
Interbank Transfers (MT2XX)		USD 10.00
Customer Transfers (MT103)	Through Nostro account in Belarusian bank	USD 7.00
	Through Nostro account in foreign bank:
	USD	USD 20.00
	RUB	RUB 600.00
	EUR	EUR 25.00
	Other currencies:	0.1%, minimum USD 20.00, maximum USD 75.00
Cash Withdrawals
Foreign Exchange Purchase	Foreign exchange purchase at Belarus Currency and Stock Exchange based on separate agreement	2% of the application amount
Custody Services
Securities Account Opening	For issuers	BYN 50.00
	Residents	BYN 40.00
	Non-residents	BYN 180.00
Issuers Securities Credit Entry	Without providing a compliant electronic list of holders	BYN 4.00 per shareholder, minimum BYN 50.00
Issuers Securities Credit Entry	With providing a compliant electronic list of holders	BYN 2.00 per shareholder, minimum BYN 30.00
Custody Service Subscription for Bonds	Per issue (monthly or part of a month)	BYN 20.00
Securities Registration in Central Storage	Per issue or part of an issue	BYN 25.00
Securities Account Storage Fees	Residents	BYN 15.00
Securities Account Storage Fees	Non-residents	BYN 35.00
Transfer of Securities Between Accounts	Residents	BYN 15.00 per item
	Non-residents	BYN 35.00 per item
	Delivery transfer
	Residents	BYN 20.00 per item
	Non-residents	BYN 50.00 per item
Freezing Securities for Trading in Belarus Currency and Stock Exchange
	Residents	BYN 20.00 per item
	Non-residents	BYN 50.00 per item
Registration Preparation (securities registered with multiple custodians)		BYN 25.00
Calculation of Income (dividends, interest)		BYN 90.00
Payment of Income (dividends, interest)		BYN 40.00 plus BYN 5.00 per item
Redemption of 1 Security		BYN 20.00
Termination of Custody Agreement	(Due to change of custodian)	BYN 550.00

Trading Platform

Belgazprombank offers BGPB Mobile app. With this app, you can access various banking services right from your smartphone. Whether you need to make payments, transfer funds, or apply for a term deposit, BGPB Mobile has you covered.

Besides, on their app, you can view your card and deposit balances, block or unblock your cards, and set up notifications for each transaction made with your card. The app is available to both customers of Belgazprombank and holders of payment cards from other banks in Belarus. Lastly, the app can be downloaded for free on Android, iOS, and Huawei devices.

Customer Service

Belgazprombank offers phone, email, fax and social media including Twitter, Facebook, Instagram, YouTube and Telegram. However, fees for a call may be charged by phone providers in accordance with tariffs.

Contact Options	Details
Phone	+ 375 17 229 15 38 / +375 17 218 36 55 / 120 / (44)76-66-120 / (33)66-66-120 / (25)66-66-120
Email	media@bgpb.by / fi@bgpb.by
Fax	(+375 17) 369 45 25
Support Ticket System	❌
Online Chat	❌
Social Media	Twitter, Facebook, Instagram, YouTube and Telegram
Supported Language	English and Russian
Website Language	English and Russian
Physical Address	220121, Minsk, 60/2 Pritytsky Str

The Bottom Line

In conclusion, Belgazprombank offers financial trading and depository activities. It utilize the mobile app, BGPB Mobile app to serve their traders. These services are suitable for individual and corporate to choose their preferential services.