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The document ceased to be valid since  July 16, 2020 according to the Resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of July 10, 2020 No. 415/14

RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS AND NATIONAL BANK OF THE REPUBLIC OF BELARUS

of January 5, 2012 No. 14/1

About approval of the Regulations on procedure and financing terms by "Development Bank of the Republic of Belarus" open joint stock company of projects, investment projects, and also the actions providing purchase of goods for their transfer to finance lease (leasing), for the decision of the President of the Republic of Belarus and (or) the Government of the Republic of Belarus, and also included in the programs approved by the President of the Republic of Belarus and (or) the Government of the Republic of Belarus

(as amended on 11-12-2017)

According to the paragraph the second parts one of subitem 1.2 of Item 1 of the Presidential decree of the Republic of Belarus of June 21, 2011 No. 261 "About creation of POSTANOVLYAYUT open joint stock company "Development Bank of the Republic of Belarus" Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus:

1. Approve the enclosed Regulations on procedure and financing terms by "Development Bank of the Republic of Belarus" open joint stock company of investment projects, and also the actions providing purchase of goods for their transfer to finance lease (leasing), for the decision of the President of the Republic of Belarus and (or) the Government of the Republic of Belarus, and also included in the programs approved by the President of the Republic of Belarus and (or) the Government of the Republic of Belarus.

2. This resolution becomes effective after its official publication.

Prime Minister of the Republic of Belarus

M. Myasnikovich

Chairman of the board of National Bank of the Republic of Belarus

N. Ermakova

Approved by the Resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of January 5, 2012 No. 14/1

Regulations on procedure and financing terms "Development Bank of the Republic of Belarus" open joint stock company of investment projects, and also the actions providing purchase of goods for their transfer in financial leases (leasing), for the decision of the President of the Republic of Belarus and (or) the Government of the Republic of Belarus, and also included in the programs approved by the President of the Republic of Belarus and (or) the Government of the Republic of Belarus

Chapter 1. General provisions

1. This Provision developed according to the paragraph the second subitem 1.2 of Item 1 of the Presidential decree of the Republic of Belarus of June 21, 2011 No. 261 "About creation of "Development Bank of the Republic of Belarus" open joint stock company (The national register of legal acts of the Republic of Belarus, 2011, No. 71, 1/12628), are determined procedure and financing terms by "Development Bank of the Republic of Belarus" open joint stock company (further - JSC Development Bank Republic of Belarus) investment projects, and also actions providing purchase of goods for their transfer to finance lease (leasing), for the decision of the President of the Republic of Belarus and (or) the Government of the Republic of Belarus, and also included in the programs approved by the President of the Republic of Belarus and (or) the Government of the Republic of Belarus (further - state programs and actions).

2. JSC Development Bank Republic of Belarus:

performs financing of state programs and actions by loan granting on their realization on its own behalf and at own expense on the terms of urgency, the paid nature and recoverability, acquisition of bonds of the legal entities participating in implementation of state programs and actions and also different ways which are not forbidden by the legislation;

grants export loans on the conditions determined in subitem 3.1 of Item 3 of the Presidential decree of the Republic of Belarus of August 25, 2006 No. 534 "About assistance to commodity export development (works, services)" (The national register of legal acts of the Republic of Belarus, 2006, No. 143, 1/7870).

3. For the purposes of this provision the following terms and their determinations are used:

the applicant - the legal entity who addressed to JSC Development Bank Republic of Belarus behind receipt of the credit;

the investment project - the project providing the investing which sources are including the credits;

credit monitoring - systematic and systematic process of the analysis of the course of implementation of the credited project, estimates of financial condition of the borrower, its capability timely and in full to fulfill obligations according to the credit agreement, and also agreements signed in ensuring obligation fulfillment according to the credit agreement;

the borrower - the legal entity who signed the credit agreement with JSC Development Bank Republic of Belarus;

creditworthness - capability of the legal entity in full, in time and properly to fulfill the obligations according to the credit agreement subject to its terms and conditions and requirements of acts of the legislation;

The paragraph of the seventh of Item 3 is excluded according to the Resolution of Council of Ministers of the Republic of Belarus of 08.08.2013 No. 697/13

the project - the task of the state program and action which are subject to crediting;

overdue debt according to the credit agreement - the debt formed owing to non-execution by the borrower of obligations on timely loan repayment, and (or) interest payment for use by it and (or) payment of the commission and other payments provided by the credit agreement.

4. JSC Development Bank Republic of Belarus in priority procedure performs crediting of the investment projects included in state programs and actions, providing development of agro-industrial complex, housing construction in the village, creation of infrastructure facilities, release of innovative products and implementation of innovative technologies, creation of the knowledge-intensive and export-oriented productions, and also large investment projects in the priority industries of economy having long payback periods. Credit policy annually is determined and affirms the supervisory board of JSC Development Bank Republic of Belarus.

Within implementation of state programs and actions of JSC Development Bank Republic of Belarus grants the loans on favorable terms, and also on the conditions assuming compensation to legal entities of the Republic of Belarus of part of interest for using bank loans and (or) investment of funds republican and (or) local budgets in deposits of JSC Development Bank Republic of Belarus.

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