PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of June 24, 2015 No. 257

About some questions of acquisition of assets of the banks created when crediting the organizations of the woodworking industry, and refining of limit of internal public debt

(Extraction)

For the purpose of creation of conditions for increase in overall performance of the organizations of the woodworking industry by transfer to the Ministry of Finance of troubled assets of the banks performing crediting of investment projects in the sphere of production of woodworking I decide:

1. To the Ministry of Finance till October 1, 2015 to acquire at the expense of the means received from placement of the government long-term bonds according to item 4 of this Decree, the assets and the appropriate rights specified in the parts one of subitem 2.5 of Item 2 of this Decree created on the loans granted in 2007-2014, according to appendix 1 and till February 1, 2017 - created on the loans granted in 2015-2016 according to appendix 2 by open joint stock companies "Savings bank "Belarusbank", "Belagroprombank", "The Belarusian development bank and reconstruction Belinvestbank and BPS-Sberbank (further - banks) for implementation of investment projects according to the Presidential decree of the Republic of Belarus of October 18, 2007 No. 529 "About some measures for development of the woodworking industry" (The national register of legal acts of the Republic of Belarus, 2007, No. 252, 1/9040) and the investment project "Reconstruction of the Sawing and Woodworking Shop of Republican Unitary Production Enterprise "Novosverzhensky Timber Mill" with Use Kruglopilny and Milling Brusuyushchego the Equipment with Conversion of 80 Thousand Cubic Meters of Sawlog a Year" (further - assets). The list of the credits entering assets (further - the credits), affirms Council of Ministers of the Republic of Belarus taking into account requirements of part two of this Item.

Acquisition of assets by the Ministry of Finance is performed based on the business plans of development developed by borrowers for the term of complete obligation fulfillment according to credit agreements plus one year which received the positive decisions of "Development Bank of the Republic of Belarus" open joint stock company (further - Development bank) and the Belarusian production and trade concern forest, woodworking and pulp and paper industry, and also the Ministry of Economics and the Ministry of Finance.

Development by borrowers of business plans is performed proceeding from the following parameters:

prolongation of terms of complete repayment of the credits up to five years of originally fixed terms of complete repayment;

deferred settlement of principal debt up to five years, and also payments of the percent charged from the date of concession of the requirement for one year;

debt repayment payment by installments on principal debt and payments of the percent charged from the date of concession of the requirement delayed according to the paragraph third this part within the end of loan repayment periods;

the size of interest for using the credits is established:

for the credits in Belarusian rubles - 50 percent of the refunding rate of National Bank operating (taking into account its change) in the corresponding period of charge of percent;

for foreign currency loans - 50 percent of rate on the credit;

compensation of part of expenses on repayment of the credits (loans) issued for compensation of insurance commissions of authorized insurance agencies in case of attraction of the credits (loans) of foreign banks (the non-bank credit and financial organizations) and external state loans (credits), in the amount of 50 percent of the specified expenses.

2. Determine that:

2.1. acquisition of assets by the Ministry of Finance is performed in currency of assets by the conclusion by Development bank of contracts of assignment of the requirement with banks.

Control of the assets acquired according to part one of this subitem is exercised of Development bank.

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