November 18, 2010

Deutsche Bank Russia and BPS-Bank sign Memorandum of Understanding

Today BPS-Bank, a member of Sberbank of Russia Group since last year, and Deutsche Bank Russia, a member of Deutsche Bank Group, announced the intention to co-operate in corporate and investment banking transactions in the Republic of Belarus.

The co-operation between the banks will be focused on corporate finance, capital markets and structured trade and export finance.

The Memorandum of Understanding between BPS-Bank and Deutsche Bank Russia was signed at the Belarusian Investment Forum in Frankfurt-am-Main in the Euro Finance Week taking place on November 15-19, 2010.

The document stipulates close interaction between the banks in order to meet financial and advisory demands of the rapidly growing economy of the Republic of Belarus with its large-scale investment plans. Both banks recognize the potential synergies in their strengths and wish to leverage off them where appropriate.

"The Belarusian economy undergoes considerable growth at the moment, and BPS-Bank, being one of the systemically important banks of the country, contributes to growth and development of the national economy in general. Together with Deutsche Bank we shall seek and implement favourable opportunities in the sphere of corporate finance and advisory, work on placement of securities in capital markets, and structure export and import transactions in the Belarusian market," says Vasili S. Matyushevski, Chairman of the Board of BPS-Bank.

Joerg Bongartz, Chairman of the Board of Deutsche Bank Ltd. in Russia, commented: “We are pleased to have such a significant partner in Belarus as BPS-Bank. We are confident that our deep expertise in the region and the new investment opportunities offered by Belarus today will create a profitable partnership which allows foreign investment streams to Belarus and giving local companies access to global markets. While our joint efforts will benefit both organizations, the real winners will be BPS-Bank’s and Deutsche Bank’s clients”.


For further information, please call:

 

Deutsche Bank AG                

Dmitri Agishev

Head of Public and Corporate Relations

Phone: +7495 / 797 5026 

E-Mail: Dimitri.Agishev@db.com 

 


BPS-Bank                

Polina Trizonova

Press Secretary

Phone: +375 29 191 17 90

E-Mail: pstrizonova@bpsb.by

 

About Deutsche Bank Russia

In April 1998, Deutsche Bank LLC (Deutsche Bank Russia) was founded as a 100% subsidiary of Deutsche Bank AG. Deutsche Bank became one of the largest banks with foreign capital in Russia. Deutsche Bank LLC provides a wide range of financial services to Russian and foreign corporate and private customers, including services and advice in the field of corporate finance, trade operations, asset sale and support of large-scale transactions, commercial banking, and capital management. The bank's customers are leading Russian and international companies.

www.deutsche-bank.ru

 

About BPS-Bank

BPS-Bank is one of the leading banks in the Republic of Belarus with strong reputation in the international markets and extensive experience of cooperation with various foreign financial institutions. BPS-Bank's customers are private individuals and companies including the largest enterprises of all economic branches. The bank's outlets are located in all regions of the country. Currently, BPS-Bank is among the group of Belarusian banks possessing the highest ratings among local banks, assigned by three international rating agencies (Standard & Poor's, Moody's Investors Service, Fitch Ratings). BPS-Bank is a member of the group of Sberbank of Russia, the largest bank in Russia and the CIS countries.


www.bpsb.by



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