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MTBank and Nordic Environment Finance Corporation

"Aleinikov & Partners' is a legal counsel to MTBank regarding entry into an agreement with Nordic Environment Finance Corporation (NEFCO) aimed at cooperative financing of projects in the field of energy efficiency.

The MTBank Energy Efficiency facility will provide funding to small and medium-sized businesses and private households in Belarus, for the renewal of equipment in production facilities, energy efficiency in the forestry sector and renovation of households, among other things. The projects are designed to reduce emissions and to make energy savings.

“This agreement is not only aimed at providing small and medium-sized businesses with the  necessary financial funds, but it also allows us to use the latest achievements of green technology in the area of energy efficiency” says Valery Smaliak, Deputy Chairman of the Managing Board at MTBank.

MTBank was founded in 1994 and has its headquarters in Minsk. The bank provides a wide range of services, and its focus is on small and medium-sized businesses within the private sector as well as retail lending. The bank has 151 branch offices in all regions in Belarus and the number of employees is approximately 1,450. The bank has almost 15,000 corporate customers and 405,000 retail clients. MTBank has a strong focus on good corporate governance and corporate social responsibility through its participation in the UN Global Compact Initiative.