Belarus is a nation of eastern Europe. Until it got free in 1991, Belarus, previously known as Belorussia or White Russia, was the littlest of the three Slavic republics remembered for the Soviet Union (the bigger two being Russia and Ukraine). Military creation was of high mechanical need during the Soviet period, and the change to basically regular citizen creation was troublesome. All things considered, mining and assembling stay significant parts of the Belarusian economy and together record for more than one-fourth of GDP, with the preparing of minerals and hydrocarbons assuming a significant job.
A huge office for delivering potash composts is situated at Salihorsk. There are petroleum processing plants in the Polatsk region and at Mazyr in the south. Both are served by parts of a significant pipeline starting in western Siberia, however the offices at Mazyr additionally measure nearby oil from Rechytsa. There likewise is a huge petrochemical plant at Polatsk. Nitrogenous manures are made at Hrodna, utilizing petroleum gas channeled from Dashava in Ukraine.
Set up in 1991, the National Bank of the Republic of Belarus goes about as the focal monetary authority of the nation. The Belarusian national bank attempts to guarantee value strength, keeps up the monetary adequacy of banks in Belarus, and guarantees the solid, secure and effective working of the nation’s installment framework.
Belarusian banks make up the nations monetary and acknowledge framework, along with the spending portion, ventures, and foundations, monetary assets of extra-budgetary assets, associations, and residents. Starting at 2017, there were three non-bank monetary organizations and 24 banks in Belarus.
In its 2017 report, Moody’s Investors Service said Belarus’ financial framework actually confronted developing dangers in the midst of proceeded with state uphold that helps homegrown banks counterbalance difficulties achieved by the weakening in advance quality.
For anybody thinking about a profession in banking in Belarus, this rundown of banks in Belarus is a useful guide on where to begin. To find out additional, see our rundown of monetary organizations.
The top banks in Belarus are:
Belarusbank
Belarusbank is the greatest monetary organization in Belarus, giving over a hundred financial items and administrations to its clients. In 2013, it got its permit of banking action gave by the nation’s national bank. Belarusbank works a network of six territorial branches, 21 neighborhood offices, 14,510 sources, and 103 financial administrations communities.
Income: BYN 2.25 billion (2017)
Net income: BYN 242.16 million (2017)
Absolute assets: BYN 24.09 billion (2017)
Belinvestbank (Belarusian Bank for Development and Reconstruction)
Belinvestbank began its tasks in Belarus in 2001, following the consolidation between Belarusian Development Bank and Belbusinessbank. In 2005, it got venture bank status, permitting it to offer financing for speculation and development programs in the republic. The bank additionally gives cash trade administrations, worldwide repayments, and other monetary administrations.
Income: BYN 271.81 million (2017)
Net income: BYN million 5.36 million (2017)
Absolute assets: BYN 3.87 billion (2017)
Belagroprombank
Enrolled in 1991, Belagroprombank offers a complete scope of banking administrations in Belarus, with an uncommon spotlight on homegrown ventures. The bank’s principle zones of activities are preparing client records and installments, protections and money tasks, and giving credits to horticultural and different areas. It manages a network of territorial directorates in the Minsk City, Minsk, and Brest districts, four local workplaces, and a delegate office in Italy.
Income: BYN 991.28 million (2017)
Net income: BYN million 36.32 million (2017)
Absolute assets: BYN 9.42 billion (2017)
Belgazprombank
Established in 1990, Belgazprombank is one of the significant parts in the settlements for gas supplies to Belarus, just as for Russian gas transport to Europe. In the past known as Ekorazvitie, it was later renamed to Olymp Bank and, at last, Belgazprombank in 1997. The all inclusive bank works a network of six provincial branches, 57 sources and 135 other assistance focuses all through the nation, serving 715,300 retail clients and 33,400 lawful elements.
Income: —
Net income: USD 43 million (2017)
Absolute assets: USD 2.18 billion (2017)
Paritet Bank
Paritet Bank was established in 1991 as Bank Poisk. In 2004, the bank embraced its present name in consistency with state enlistment guidelines by the National Bank of the Republic of Belarus. Starting in 2016, it dealt with an administrative center in Minsk and 18 underlying divisions the nation over.
Income: BYN 43.99 million (2016)
Net income: BYN 16.99 million (2016)
Absolute assets: BYN 363.01 million (2016)
Prior bank
Established in 1989, Priorbank offers an exhaustive scope of monetary administrations to retail and corporate clients in Belarus. Starting in 2017, the bank utilized 2,420 staff and served 709,629 private people, 32,961 SMEs, and 1,900 corporate customers. The prior bank is an auxiliary of Austria-based Raiffeisen Bank, one of the main monetary administration suppliers in Central and Eastern Europe.
Income: BYN 313.73 million (2017)
Net income: BYN 109.2 million (2017)
Absolute assets: BYN 2.71 billion (2017)
BPS-Sberbank
Established in 1923, BPS-Sberbank is probably the most seasoned bank in Belarus. The bank centers around offering loaning administrations to organizations in the synthetic, development, gadget making, energy, fuel, and oil refining enterprises. Settled in Minsk, it oversees six local indexes, 26 fundamental extra workplaces, 27 widespread extra workplaces, and an agent office in Poland.
Income: BYN 310.39 million (2017)
Net income: BYN 65 million (2017)
Complete assets: BYN 3.83 billion (2017)
CJSC VTB Bank (Belarus)
CJSC VTB Bank (Belarus) was set up in 1996 as CJSC Slavneftebank. It takes into account individual and corporate clients in the nation, giving financial items and administrations, with an emphasis on advances for independent companies, including singular business visionaries and private endeavors. Situated in Minsk, the bank oversees six branches and nine extra workplaces.
Technobank
Technobank got its enlistment from the National Bank of Belarus in 1994. The bank serves in excess of 11,000 individual and business customers in the nation, offering a scope of monetary items and administrations. Settled in Minsk, it works as an auxiliary of the Belarussian Industrial Bank.
Absolutbank
Enrolled in 1993, Absolutbank gives a full scope of banking items and administrations in Belarus. It offers money the board administrations in both Belarusian rubles and unfamiliar cash, awards credits, and participates in unfamiliar trade, protections, settlement, and counseling administrations.
Income: BYN 13.29 million (2017)
Net income: BYN 3.2 million (2017)
Absolute assets: BYN 103 million (2017)
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