Review of State-Owned Banks in Belarus
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Washington, DC
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This note reviews state-owned banks in
Belarus and offers recommendations on how to strengthen
them. It covers the Belarusbank, Belagroprombank,
Belinvestbank, and Paritetbank (the public banks), and the
recently established Development Bank of Belarus (DBB).
Recommendations focus on corporate governance, funding,
ownership function, mandate, lending models, and regulation
and supervision. The note is based on information provided
by the public banks, the Ministry of Finance, and the NBRB.
However, due to their unavailability, the team did not hold
meetings with the DBB and the Ministry of Economy. Thus, the
analyses concerning the DBB are based on the review of its
law as well as on discussions with the Ministry of Finance
and the NBRB. The note is organized as follows: after this
introduction, section two presents an overview of the public
banks in Belarus and the role that they play in the local
economy; section three discusses the details of Lending
under Government Programs (LGP) and the importance for the
public banks of the funding attached to these programs;
section four analyzes the key features of the DBB, offering
recommendations on how strengthen it; and section five concludes.
Palabras clave
ACCESS TO FINANCE, ACCOUNTABILITY, AGRICULTURAL SECTOR, AMOUNT OF CAPITAL, ANTI-MONEY LAUNDERING, AUTONOMY, BALANCE SHEET, BALANCE SHEETS, BANK ASSETS, BANK CREDIT, BANK LENDING, BANK RECAPITALIZATION, BANKING INSTITUTION, BANKING LAW, BANKING SECTOR, BANKING SECTOR ASSETS, BANKING SERVICES, BANKING SYSTEM, BANKS, BID, BIDDING, BOARDS OF DIRECTORS, BORROWER, BRANCH NETWORK, CAPITAL ADEQUACY, CAPITAL INJECTION, CAPITAL INJECTIONS, CAPITAL SHARE, CAPITALIZATION, CENTRAL BANK, COMMERCIAL BANK, COMMERCIAL BANKS, CORPORATE DEPOSITS, CORPORATE GOVERNANCE, CREDIT CULTURE, CREDIT GROWTH, CREDIT GUARANTEE, CREDIT GUARANTEES, CREDIT QUALITY, CREDIT RISK, CURRENT ACCOUNT, DEBT, DEBT COLLECTION, DEBT SECURITIES, DEPOSITS, DEVELOPMENT BANK, DEVELOPMENT BANKS, ECONOMIC DEVELOPMENT, ELIGIBLE BORROWERS, EQUIPMENT, EXCESS LIQUIDITY, EXCHANGE RATE, FINANCIAL CRISIS, FINANCIAL DEEPENING, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL PRODUCTS, FINANCIAL SECTOR ASSESSMENT, FINANCIAL SERVICES, FINANCIAL STABILITY, FIXED INTEREST, FIXED INTEREST RATE, FOREIGN CAPITAL, FOREIGN EXCHANGE, FOREIGN EXCHANGE TRANSACTIONS, FOREIGN LOANS, FORMAL BANK, GOVERNANCE STANDARDS, GOVERNMENT FUNDING, GOVERNMENT GUARANTEE, GOVERNMENT GUARANTEES, GOVERNMENT OFFICIALS, HOLDING, HOUSEHOLDS, HOUSING, INFLATION, INITIAL DEPOSIT, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL BANKING, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL STANDARDS, ISSUANCE, KEY CHALLENGE, LEADERSHIP, LENDER, LENDING BEHAVIOR, LENDING INSTRUMENTS, LINE OF CREDIT, LOAN, LOAN AMOUNT, LOAN CLASSIFICATION, LOAN PORTFOLIO, LOAN PORTFOLIOS, LOAN QUALITY, LOAN UNDERWRITING, LOCAL ECONOMY, LOCAL GOVERNMENTS, LONG-TERM RESOURCES, LOW INTEREST RATE, MACROECONOMIC ENVIRONMENT, MACROECONOMIC INSTABILITY, MANDATES, MARKET INTEREST RATE, MARKET INTEREST RATES, MARKET LENDING, MARKET PRICES, MARKET PRICING, MARKET SHARE, MINIMUM CAPITAL ADEQUACY RATIO, MINISTER, MINISTERS, MONETARY FINANCING, MORAL HAZARD, NON-PERFORMING LOANS, OPERATIONAL COSTS, OUTSTANDING AMOUNT, PARTIAL CREDIT, PAYMENT SERVICES, PRICE STABILITY, PRICING POLICIES, PRIVATE BANKING, PRIVATE BANKS, PRIVATE CAPITAL, PRIVATE CREDIT, PRIVATE ENTERPRISES, PRIVATE FINANCIAL INSTITUTIONS, PRIVATIZATION, PROFITABILITY, PRUDENTIAL STANDARDS, PRUDENTIAL SUPERVISION, PUBLIC BANK, PUBLIC BANKS, PUBLIC OFFICIALS, REGULATORY STANDARDS, REPAYMENT, RETURN, RISK MANAGEMENT, SAVINGS, SAVINGS BANK, SECURITIES, SECURITIES TRADING, SELF-SUSTAINABILITY, SETTLEMENT, SHAREHOLDER, SMALL BANK, SOURCE OF FUNDS, SOURCE OF INCOME, SOURCES OF FUNDS, STATE BANKS, STATE PROPERTY, SUBSIDIARY, SUBSIDIZATION, SUPERVISORY BOARD, SUPERVISORY BOARDS, SUPERVISORY FRAMEWORK, TRADING, TRANSACTION, TRANSPARENCY, TREASURY, UNFAIR COMPETITION, UNIVERSAL BANK, WHOLESALE BANK