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| Foreign share in Belarus’ banking system up to 28.2% as of August 1 |
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The share of foreign capital in Belarus’ banking system rose to 28.2% on August 1, 2010 from 17.2% on August 1, 2009, according to the bank supervision department with the National Bank of Belarus (NBB).
Direct equity contributions to Belarusian banks rose 25.5% in January-July to 2.782 trillion Belarusian rubles (Br). As a result, the foreign share in the national banking system had reached 28.2% by August 1, 2010, up from 23.2% on January 1, 2010.
At present 25 of Belarus’ 31 banks have foreign capital; in 22 banks foreign capital exceeds 50%, and in eight banks it makes up 100% of the authorized fund. Commercial banks’ total authorized fund amounts to 9.85 trillion rubles.
As of August 1, 2010, 24 banks had licenses to take retail deposits and 10 banks had licenses to work with precious stones and metals.
The key investors in the Belarusian banking system come from Russia, Cyprus, Austria, Ukraine, the UK, the Netherlands, Germany, Switzerland, Luxembourg, Kazakhstan, Latvia, Lebanon and Iran. (Br3,012 - U.S. $1)
Prime-Tass
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