Minsk. Our special correspondent in Belarus, Pavel Chernenko. The authorities of Belarus intend to sell a one-third block package of the state bank to the European Bank of Reconstruction and Development
This was announced at a press conference by the chairman of the board of the National Bank of Belarus, Pavel Kallaur."Work with the European Reconstruction and Development Bank is being carried out and the memorandum prepared. At an annual meeting of the Board of Directors of the bank on May 14th – 15th in Georgia, the contract on the sale of 25% of Belinvestbank stock to the European bank, together with the government and National Bank, will be signed for pre-sale preparation and to sell both 25% and an additional package to the strategic investor. It will be a block package", he said.The sale of some other state banks to private investors is being considered. The European Reconstruction and Development Bank earlier carried out complex analysis of a number of state banks in Belarus and evaluated the prospects of their functioning in private hands. "Now we return to negotiations. The government of Belarus has agreed to consider the possibility of the transfer of several state bank assets to the private sector. It will facilitate the process of our further investment in the banking sector of Belarus", the president of the European Reconstruction and Development Bank said."If we have accurate information on the privatization of some bank or financial institution, we will be able to start doing business with it even before privatization", he added. Almost 100% of the stock in JSC Belinvestbank belongs to the Government.
