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Belarus’ banking sector remains attractive to foreign investors, National Bank says - Legal advice for a foreign company doing business in Belarus Making the world a beautiful place - one painting at a time Making the world a beautiful place - one painting at a time
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Belarus’ banking sector remains attractive to foreign investors, National Bank says

Belarus’ banking sector remains attractive to foreign investors, the National Bank of Belarus (NBB) said in a report on the sector’s performance between January and July.
The NBB said that the country’s banks had maintained their capital on a level sufficient to protect them from business risks and remain attractive to foreign investors despite the global economic crisis.

The aggregate amount of Belarusian banks’ authorized capital stock totaled 8.74 trillion rubels as of August 1, an increase of 0.7 percent compared with the beginning of the year, according to the report.

The total net assets of Belarus' banking sector rose by 7.3 percent to 12,136.7 billion rubels in the first seven months of this year, the NBB said. The profitability rate of the sector’s net assets was 9.28 percent and that of all assets decreased from 1.5 in December 2008 to 1.42 percent on August 1, the report said.

As of August 1, Belarus' banking sector comprised 31 banks and 299 subsidiaries.
Among them were 25 banks involving foreign capital, including eight entirely foreign-owned banks.

There were eight representative offices of foreign banks, including those based in Germany, Latvia, Lithuania, Russia and Ukraine. There was also a representative office of the CIS Interstate Bank. //BelaPAN