(BelTA, Minsk, 11 January 2014) – The Italian financial community is interested in cooperation with Belarusbank following the visit of a Belarusbank delegation to Italy’s state-run export credit agency SACE. The visit was arranged with the assistance of Italian bank Intesa Sanpaolo. During talks with the Italian bank and the export credit agency the parties discussed a possibility to provide financial and insurance coverage for joint projects and a number of technicalities. “The representatives of SACE said they are ready to continue cooperation with Belarusbank within the framework of the existing projects. They also said they would provide insurance coverage on individual projects,” the press service informed. SACE is controlled by the Italian Ministry of Economy and Finance and facilitates and promotes trade relations of Italian companies with their partners worldwide through credit insurance, investment protection, the provision of sureties and financial guarantees. Belarusbank is Belarus’ biggest multi-business financial institution that offers over 100 banking products and services to individual and corporate clients. The Republic of Belarus holds nearly 98% of the authorized capital of the bank.
