The National Bank of the Republic of Belarus was established in 1991 and serves as the nation’s primary monetary regulator. The central bank of Belarus seeks to maintain price stability, the soundness of Belarusian investments financially, and the effective, dependable operation of the nation’s payment system. Along with the budget section, businesses, institutions, financial assets of extra-budgetary funds, organizations, and residents, Belarusian financial institutions make up the nation’s financial and credit system. In Belarus, there were 25 banks as of 2019 and three non-bank financial entities.
The leading Belarusian banks include
This list of financial institutions in Belarus is a useful starting point for anyone thinking about a career in banking there:
Belarusbank
The largest financial institution in Belarus, Belarusbank offers its clients more than a hundred banking products and services. The nation’s central bank granted it a license for banking activity in 2013. One thousand seven hundred outlets, 120 banking service centers, and 101 exchange offices make up Belarusbank’s network of six regional branches.
Belinvestbank (Belarusian bank for development and reconstruction)
Following the merging of Belbusinessbank and the Belarusian Development Bank, Belinvestbank launched operations in Belarus in 2001. It was granted investment bank status in 2005, enabling it to provide financing for investment and innovation initiatives in the republic. It also offers additional financial services, such as foreign exchange and international settlements.
Belagroprombank
Belagroprombank, which was established in 1991, provides a wide range of financial services in Belarus with an emphasis on domestic businesses. Its primary business activities include processing customer accounts and payments, managing currencies and securities, and lending to the agriculture industry and other industries. It is in charge of four regional offices, a representative office, and a network of regional directorates in the Minsk City, Minsk, and Brest regions.
Belgazprombank
Belgazprombank, which was established in 1990, is one of the key actors in the agreements for Russian gas delivery to Europe as well as deliveries of gas to Belarus. It was formerly known as Ekorazvitie before changing its name to Olymp Bank and then, in 1997, to Belgazprombank. Serving 715,300 retail clients and 33,400 legal businesses, universal bank runs a network of six regional branches, 57 stores, and 135 other service centers across the nation.
Bank Paritet
As Bank Poisk, Paritet Bank was established in 1991. By statutory registration requirements set forth by the National Bank of the Republic of Belarus, it chose its present name in 2004. In 2016, it oversaw 18 structural divisions spread across the nation, as well as a headquarters in Minsk.
Prior Bank
Prior bank, a company that was established in 1989, provides both retail and business customers in Belarus with a wide range of financial services. It has 2,420 employees as of 2017 and provided services to 1,900 corporations, 32,961 SMEs, and 709,629 private clients. One of the top providers of financial services in Central and Eastern Europe, Raiffeisen Bank, which has its headquarters in Austria, owns the former financial institution.
BPS-Sberbank
BPS-Sberbank is one of Belarus’s oldest banks, having been established in 1923. The bank’s primary focus is providing financing services to businesses in the chemical, building, device, energy, fuel, and oil refining sectors. Its headquarters are in Minsk, and it also has a representative office in Poland as well as six regional directories, 26 basic additional offices, and 27 universal additional offices.
Technobank
In 1994, Technobank registered with the National Bank of Belarus. It provides a variety of financial products and services to more than 11,000 individual and business clients around the nation. It works as a division of Belarussian Industrial Bank and has its main office in Minsk.
Absolutbank
Absolutbank, which was founded in 1993, offers a comprehensive selection of banking goods and services in Belarus. It grants loans, deals in foreign exchange, securities, remittance, and consultancy services, as well as provides cash management services in both international and Belarusian rubles.
