What Belagroprombank does

Belagroprombank is a Belarusian state-owned universal bank operating as Open Joint Stock Company (ОАО «Белагропромбанк») under Banking Licence No. 2 issued by the National Bank of the Republic of Belarus. It serves four primary customer segments — individual retail customers, micro and small businesses, large/corporate clients, and financial institutions — through a nationwide branch network with regional directorates across all six Belarusian oblasts (Brest, Vitebsk, Gomel, Grodno, Mogilev, Minsk) plus Minsk city. The bank's name and state-ownership structure indicate an agricultural development mandate, though its product suite spans the full universal banking spectrum.

The product portfolio includes deposits and savings accounts in multiple currencies (BYN, USD, EUR, RUB, CNY), consumer and mortgage lending, business financing (letters of credit, factoring, syndicated loans), card products across Belkart, Mastercard, and Visa networks, brokerage and depositary services, currency exchange, insurance, acquiring services, and cash management tools (cash pooling, escrow, correspondent banking). Digital channels include Internet Banking (ibank.belapb.by), native mobile applications for Android and iOS, a USSD-banking service for low-connectivity environments, a web application for iOS, and an Electronic Trading Platform for internet bond trading.

Revenue is generated primarily through net interest income from lending (consumer loans from 7%, business loans from 6.5%) and deposit-taking activities, supplemented by transaction and commission fees from account maintenance, card operations, currency exchange, documentary operations, securities brokerage, and merchant acquiring. The bank has constructed a non-banking business ecosystem around its franchise including the ShireKrug B2B electronic marketplace (market.belapb.by), 49 IGROW coworking spaces for SMEs, and the STARTUP Marathon entrepreneurship program, designed to embed client relationships beyond transactional banking. Distribution combines traditional field sales through branches with direct-to-consumer digital self-service channels and a contact center operating 8:00-22:00 daily.

Name

Belagroprombank

Legal name

Open Joint Stock Company Belagroprombank (ОАО «Белагропромбанк»)

Website

https://belapb.by

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

251–500 employees

Short description

Belagroprombank is a Belarusian state-owned universal bank providing retail, SME, corporate, and institutional banking services across all six oblasts through a nationwide branch network and digital channels (internet, mobile, USSD).

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Corporate banking solutions
• Consumer lending products
• Payment card services
• Foreign exchange operations

Headquarters

HQ city

Minsk

HQ country

Belarus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest charged on loans including consumer loans, mortgages, business loans, and credit cards. Rates vary by product type and currency.
2. Commission Income: Fees from banking operations including account maintenance, transactions, card operations, currency exchange, and documentary operations for corporate clients.
3. Deposit Operations: Accepting deposits from retail and corporate clients in various currencies (BYN, USD, EUR, RUB, CNY) with interest paid on savings.
4. Securities Operations: Brokerage, depositary services, bond issuance including internet bonds, and trade registration services.
5. Currency Exchange Operations: Currency exchange services for individuals and businesses with rates updated daily.
6. Insurance Services: Various insurance products including mandatory vehicle insurance, voluntary transport insurance, accident insurance, property insurance, and life insurance.
7. Acquiring Services: Payment terminal services for merchants (acquiring) enabling card payments for businesses.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Belagroprombank is a universal Belarusian commercial bank providing a full range of financial services to individuals, micro and small businesses, large corporate clients, and financial institutions. Core offerings include deposits and savings accounts, consumer and corporate lending, payment cards (Belkart, Mastercard, Visa), money transfers, currency exchange, securities brokerage and depositary services, insurance, safe custody, acquiring services, and digital banking channels (internet, mobile, USSD, web). The bank also operates an integrated business support ecosystem including the ShireKrug electronic marketplace and IGROW coworking spaces.

Product overview

Belagroprombank operates as a comprehensive universal bank in Belarus offering a multi-product portfolio organized across retail, corporate, and institutional segments. The core banking platform comprises digital channels (Internet Banking, Mobile Banking, USSD Banking, Web Application) enabling account management and transactions, complemented by card products across Belkart, Mastercard, and Visa networks with various tiers and packages. The bank's deposit and lending offerings span consumer financing (consumer loans, mortgages, auto loans), business financing (letters of credit, documentary operations, acquiring services), and specialized services (securities brokerage, safe custody, money transfers, currency exchange). For business clients, the ecosystem includes the ShireKrug marketplace, IGROW coworking spaces, STARTUP Marathon program, and corporate banking solutions. Financial institutions are served through correspondent banking, documentary operations, FOREX operations, and capital market services. The Electronic Trading Platform enables internet bond trading. The bank also provides insurance services, premium banking, and card-based money management tools including the Moneybox savings service.

Differentiator

Problem solved

Functional benefit

Brands

• ShireKrug (ШиреКруг): Electronic trading platform marketplace enabling businesses to buy and sell goods and services with financial support from the bank
• IGROW
• Startup Marathon
• Belapb Business
• FinTeam

Products and services

• Internet Banking

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability3 records

Feature6 records

Scale indicators4 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Belgazprombank: A major Belarusian commercial bank with close ties to the Russian gas industry (Gazprombank group). Competes directly with Belagroprombank in retail deposits, corporate lending, and card issuance, with comparable nationwide reach.
• BPS-Sberbank: Belarusian subsidiary of Sberbank (Russia), one of the largest universal banks in the country. Directly comparable to Belagroprombank in retail and corporate banking, card products, and digital channels; competes for state and private-sector deposits.
• Alfa-Bank Belarus: Belarusian subsidiary of Alfa-Bank group, providing full-service retail, SME, and corporate banking. Directly competes with Belagroprombank in deposits, consumer lending, acquiring, and digital banking — typically with a more agile private-ownership profile.
• Priorbank: A major Belarusian commercial bank associated with the Raiffeisen Bank International group. Offers retail, SME, and corporate banking with comparable product breadth — including cards, deposits, and digital channels — making it a direct competitor in most segments.
• Bank BelVEB: A Belarusian-Russian universal bank with state ownership from both sides. Directly comparable to Belagroprombank in corporate lending, trade finance, and retail deposits, with similar correspondent-banking and FX service offerings.
• VTB Bank Belarus: Belarusian subsidiary of VTB Group (Russia). Competes directly in retail deposits, cards, lending, and corporate banking — serving as a regionally backed alternative to Belagroprombank's state-owned, agriculture-tilted franchise.
• Belarusbank: The largest state-owned commercial bank in Belarus and the closest direct competitor to Belagroprombank. Operates a similar universal banking model (retail, corporate, capital markets) under a National Bank licence, with nationwide branch coverage and overlapping agriculture/SME exposure.
• Belinvestbank: State-owned investment and development bank in Belarus. Competes with Belagroprombank in project finance, capital markets, and corporate banking, though with a heavier development-bank mandate than universal retail.

Broad incumbents

• Sberbank (Russia): The dominant Russian state-owned bank and indirect parent/Belarusian-peer via BPS-Sberbank. Provides a benchmark for state-bank operating models, scale, and digital transformation scope relative to Belagroprombank's smaller domestic franchise.

Emerging players

• MTBank: A mid-sized private Belarusian commercial bank. Smaller scale than Belagroprombank but competes in retail deposits, consumer lending, and digital banking with a more innovation-led posture — useful as a benchmark for digital execution risk.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/belagroprombank

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Belagroprombank