Deutsche Bank sees good cooperation opportunities in Belarus

Deutsche Bank sees good opportunities for developing cooperation with Belarus in investment banking, chairman of the board at Deutsche Bank Joerg Bongartz told reporters on 10 February.

“We hope that there will be opportunities for cooperation in the field of privatization. We can act as a consultant on capital market transactions. Here, the opportunities are great. We need to see when and how we can use them,” Joerg Bongartz said.

Deutsche Bank also cooperates with the Belarusian banks and enterprises on the placement of Eurobonds. “We are holding such negotiations. I would not name specific Belarusian companies but this process is fairly clear: the state was the first to enter the international market so that it could be followed by companies and banks,” said Joerg Bongartz.

Deutsche Bank is discussing the ways for BelAZ to advance onto international capital markets. Deutsche Bank is part of a working group that handles the preparations on the part of BelAZ for the relevant transactions.

Joerg Bongartz recalled that Deutsche Bank has been working in Belarus for almost 20 years. “For many years we have worked in export-import operations, trade finance. We were also engaged in medium-term finance of export credit agencies,” Joerg Bongartz said. In recent years we have explored other opportunities for cooperation: the investment banks, advising on a series of transactions. Deutsche Bank acted as financial advisor of Sberbank of Russia in the acquisition of Belarusian BPS-Bank. Deutsche Bank was also one of the organizers of the debut issue of Belarus’ Eurobonds.

Joerg Bongartz expressed hope that the Belarusian summit of capital markets will intensify the dialogue between Deutsche Bank and the Belarusian government, companies that need additional resources and that are planning to advance to the international markets.

According to