What Belgazprombank does

Belgazprombank (ОАО «Белгазпромбанк») is a systemically important Belarusian commercial bank headquartered in Minsk, operating under National Bank of the Republic of Belarus license No. 8 (dated 29.01.2025). Founded in 2002 as an open joint-stock company, the bank serves four primary customer segments: retail individuals, small and medium businesses (SMB/IPE), corporate clients, and financial institutions. Its physical footprint covers all six regional centers of Belarus plus 15+ additional cities, complemented by a national ATM network and Belpochta card delivery.

The bank's product surface spans deposit products in BYN, USD, RUB, EUR, and CNY (rates up to 13.0% in BYN, 10.0% in RUB, 2.1% in USD), consumer and mortgage loans, auto loans (with preferential rates from 0.95% on Geely/Dongfeng/Forthing vehicles), payment cards across Visa, Mastercard, UnionPay, and Belkart networks (including a Visa Cashalot product with up to 10% cashback), merchant acquiring (from 1.2% commission), RKO settlement packages, premium banking, precious metals, securities operations, safe deposit boxes, escrow services, and electronic money (Берлио). The digital banking stack includes retail internet banking (e-bgpb.by), the DailyFin and BGPB Mobile apps, the corporate Internet Bank Бизнес and BGPB Business app, an OpenAPI platform compliant with national SBR standards (with a sandbox at oapi.bgpb.by), DirectBank integration with 1C:Бухгалтерия 8, and integration with national payment systems (ERIP, SMP) and the interbank identification system (МСИ).

Revenue is generated through a diversified mix of interest income on the lending book, commission and fee income from payments, cards, and acquiring, foreign exchange operations, securities/depository services, and premium banking subscriptions. The bank distributes through a multi-channel model: physical branches for complex sales, self-serve digital channels for routine transactions, partner networks for auto lending and loyalty, and a developer-facing API platform for corporate integrations. Marketing and customer engagement operate through Telegram, app store listings on Google Play, Apple App Store, and Huawei AppGallery, video tutorials, promotional campaigns, and a contact center supported by a virtual assistant (Polina). The most recent strategic emphasis is on retail product expansion (new USD deposit, installment cards, online overdraft, improved mortgage pricing) and ecosystem partnerships (Geely, BelGee, Yandex Plus, Samsung Pay, UnionPay, 1C).

Name

Belgazprombank

Legal name

ОАО «Белгазпромбанк»

Website

https://belgazprombank.by

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Belgazprombank is a systemically important Belarusian commercial bank headquartered in Minsk, offering retail, SMB, corporate, and interbank banking services through a nationwide branch network and proprietary digital platforms (DailyFin, BGPB Mobile, OpenAPI), with revenue from lending, cards, acquiring, deposits, and securities across BYN, USD, RUB, and EUR.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Credit Card Issuing (52221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

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

Keywords

• Retail banking services
• Corporate banking services
• Payment card services
• Consumer lending products
• Merchant acquiring services

Headquarters

HQ city

Minsk

HQ country

Belarus

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking interest revenue from lending activities including consumer credits, mortgages, auto loans, and business financing. Interest rates range from 0.95% for auto loans to 22.9% for consumer credits.
2. Commission and Fee Income: Fees from payment processing, card transactions, account maintenance, currency exchange, international transfers, and cash management services. Commission rates mentioned include 1.2% for acquiring services.
3. Deposit Taking: Attracting deposits from retail and corporate clients in BYN, USD, EUR, and RUB currencies with interest rates ranging from 0.3% to 13.0% annually.
4. Card Services: Revenue from card issuance, maintenance fees, and transaction processing across Visa, Mastercard, UnionPay, and Belkart networks.
5. Foreign Exchange Operations: Currency exchange services and arbitrage between different currency rates offered to customers.
6. Securities Operations: Brokerage, dealer services, and custody operations for bonds and other securities including own bank bonds.
7. Premium Banking Services: Dedicated premium banking services with personal managers for high-net-worth clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels8 records

Core offering

Belgazprombank is a Belarusian commercial bank providing a full spectrum of retail and corporate banking services under a license issued by the National Bank of the Republic of Belarus. Its offerings include bank cards (Mastercard, Visa, UnionPay, and БЕЛКАРТ), consumer and corporate lending, deposits, money transfers, payment services, acquiring for merchants, and digital banking via the DailyFin, BGPB Mobile, and BGPB Business applications. The bank operates a regional branch network across Belarus and serves both individual consumers and corporate clients.

Product overview

Belgazprombank is a Belarusian commercial bank offering a comprehensive digital banking ecosystem. The core digital products include DailyFin (retail mobile banking), BGPB Mobile (legacy retail app), Интернет-банк for retail customers, and Интернет-банк «Бизнес» plus BGPB Business for corporate clients. Supporting banking products include deposits in BYN/USD/RUB, payment cards (Visa, Mastercard, UnionPay, Белкарт) across multiple tiers from basic to Elite, consumer and mortgage loans, money transfers (card, phone number, instant payments), acquiring services, precious metals, securities, and safe deposit boxes. The bank also provides OpenAPI for external developers and DirectBank integration with 1C accounting systems. Premium services include dedicated centers and 24/7 personal managers.

Differentiator

Problem solved

Functional benefit

Brands

• DailyFin: Mobile banking application for individuals - smart financial assistant
• Интернет-банк «Бизнес»
• BGPB Business
• BGPB Mobile
• Cashalot
• Visa Cashalot
• Бусы
• Берлио
• Premium Banking

Products and services

• Bank Cards

Quantifiable outcome

• Up to 10% cashback on Cashalot card purchases at partner merchants
• +4 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability2 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Human Systems (Hьюмен Систем)coreTechnology or IntegrationPartnership with OOO 'Humen System' for DirectBank service enabling seamless integration between bank's internet banking and 1C:Accounting software. Allows users to send and receive bank documents directly from 1C with single-click operations, eliminating intermediate file exports.
• VisacoreTechnology or IntegrationPartnership with Visa payment system for issuing credit and debit cards including Visa Cashalot (up to 10% cashback), Visa Classic, Visa Gold, Visa Platinum, Visa Infinite, and Visa Infinite Optima. Also includes Visa Extra promotions.
• MastercardcoreTechnology or IntegrationPartnership with Mastercard for card issuance including Mastercard Standard, Mastercard Gold, Mastercard World, Mastercard Black Edition, and Mastercard World Elite. Includes Mastercard Lounge access, Lounge Key, and DragonPass privileges for premium cards.
• UnionPaycoreTechnology or IntegrationPartnership with UnionPay for cards (Classic and Platinum) enabling payments in China and 170+ countries worldwide. Supports transactions in BYN, USD, EUR, RUB, CNY.
• Belkart (БЕЛКАРТ)coreTechnology or IntegrationPartnership with national payment system Belkart for issuing BELCART-PREMIUM cards linked to basic accounts and for social payments. Includes Sfera Belkart loyalty program integration.
• National Bank of Belarus (NBRB)coreTechnology or IntegrationIntegration with national payment infrastructure including ERIP (Easy Payment Information System) for utility payments, SMP (Instant Payment System) for 24/7/365 transfers, and NBRB exchange rates.
• Geely, Dongfeng, Forthing (Auto Dealers)minorChannel Partner/ Reseller/ DistributorPartnership with official car dealers for auto lending programs including Geely (Belgee brand), Dongfeng, and Forthing with preferential interest rates starting from 0.95%.
• BelGee (БелДжи)minorChannel Partner/ Reseller/ DistributorSpecial financing program for Belgee vehicles (X50, X50+, X70, X80 PHEV, S50 models) with interest rates from 1.95% as official Belarusian automotive brand.
• Belpochta (Белпочта)minorChannel Partner/ Reseller/ DistributorPartnership with Belpochta postal service for card delivery to customers' mailboxes across Belarus.
• Yandex Plus (Яндекс Плюс)GTM or Marketing PartnerPartnership for BUSY loyalty program offering 60-day free Yandex Plus subscription including Yandex Music and 5 bonus points per activation.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Belarusbank: Largest state-owned bank in Belarus and direct competitor across retail deposits, cards, lending, and corporate banking. Both banks compete head-to-head for salary projects, SMB RKO, and consumer credit market share within the same NBRB-regulated framework.
• VTB Bank Belarus: VTB Group subsidiary operating in Belarus with corporate and retail banking. Comparable in product scope (deposits, cards, lending, trade finance) and competes in the corporate and large-SMB segments where Belgazprombank is active.
• Belinvestbank: State-controlled Belarusian commercial bank offering retail, SMB, and corporate services including deposits, cards, and lending. Direct competitor in both mass-market deposits and SMB financing within the same NBRB regulatory perimeter.
• Priorbank: Top-3 Belarusian commercial bank (Raiffeisen-affiliated historically) offering the same retail/SMB/corporate product mix including Visa/Mastercard issuance, deposits, and internet banking — directly competes for premium and mass-market customer segments.
• Alfa-Bank Belarus: Belarusian subsidiary of Alfa-Bank group providing retail, SMB, and corporate banking with a strong digital focus. Competes with Belgazprombank on cashback cards, consumer loans, and internet-banking user experience.
• MTBank: Mid-sized Belarusian commercial bank with strong digital focus (MTBank Digital) and similar product set including cards, consumer lending, and SMB RKO. Direct competitor particularly in retail digital banking where Belgazprombank has won awards.
• Sber Bank Belarus: Belarusian subsidiary of Sberbank (Russia), offering the same full-service retail-corporate banking proposition with similar digital ecosystem and multi-card-network strategy — directly comparable business model and customer base.

Broad incumbents

• Gazprombank (Russia): Russian systemically important bank historically associated with the Belgazprombank name. Broader CIS banking group with overlapping product lines (cards, deposits, corporate banking) — relevant for understanding parent/affiliate exposure and historical governance.

Emerging players

• Kaspi.kz: Largest CIS super-app fintech from Kazakhstan offering payments, marketplace lending, and consumer credit with deep digital engagement. Comparable as a regional benchmark for how a CIS bank can transform into a digital ecosystem, though it operates in Kazakhstan rather than Belarus.

Regional players

• Bank of Development of the Republic of Belarus: State development bank of Belarus that channels subsidized SME lending to partner commercial banks including Belgazprombank. Not a direct retail competitor but materially relevant as the funding source for Belgazprombank's SME loan portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/belgazprombank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Belgazprombank