Belgazprombank was established in November 1997 on the basis of the Olimp Bank. Belgazprombank is ranked the 8th among the country's banks in terms of assets and shareholders' equity. The Bank plays a major role in settlements for gas supplies to the Republic of Belarus as well as in settlements for transit of Russian gas to Europe. Since 2003 Gazprom has been carrying out all its activity in the Republic of Belarus through Belgazprombank. The state utility company Beltransgaz has also transferred its accounts to Belgazprombank. The Bank currently services more than 8,500 legal entities and over 100,000 individuals through its regional network of 7 branches and more than 36 outlets throughout the Republic of Belarus. Award title : Most Innovative Bank Belarus 2014 By : Global Banking & Finance Review