Belarus’ largest commercial bank OAO Belarusbank has signed memorandums of understanding with African Export-Import Bank and Slovenian SID Banka during Belarusbank’s conference in Frankfurt (Germany), the bank’s press service reported.
The conference gathered around 100 representatives of the World Bank, German financial institutes and insurance companies, as well as representatives of such institutions of Italy, Switzerland, Austria, Czech Republic, Slovenia, India, etc.
The workshop focused on marcoeconomic situation, the current situation of the banking system, investment climate and doing business in Belarus.
Belarusbank was founded in July 1991, and merged with Belarus’ Sberbank in October 1995. The state holds a 99.7% share in the bank’s statutory capital.
Fitch Ratings affirmed Belarusbank’s Long-term Issuer Default Ratings (IDRs) at ‘B-‘; Outlook “Stable”.
Standard & Poor’s Ratings Services confirmed Belarusbank’s short-term and long-term counterparty credit ratings at ‘B-/C’, Outlook “Stable”. (Prime-TASS/Business World Magazine)