Category: Banks. Country: Belarus.
The banking system was subject to a major reorganization in 1987. Belarusian republican banks with their branches of the State Bank, Vnesheconombank, Savings Bank, Promstroibank, Agroprombank, Zhilsotsbank of the USSR were established and were operating on a basis of self'sufficiency and self'finance. Acquiring independence by Belarus was a landmark in the development of the national banking system. The Laws "On the National Bank of the Republic of Belarus" and "On Banks and Banking Activities in the Republic of Belarus" were passed in December 1990. All institutions of the USSR banks within the Belarusian territory were declared the property of the country. The National Bank of the Republic of Belarus was established on the basis of the Belarusian Republican Bank of the USSR State Bank. Specialized state banks were transformed into joint'stock commercial banks - Belagroprombank, Belvnesheconombank, Belbusinessbank, Belpromstroibank, as well as Savings Bank. In the late 1980s - early 1990s commercial banks such as Belarusbank, Priorbank, Brestkombank, Kompleksbank and others came into being on the joint'stock and sharing basis.
Address: 20, Nezavisimosty Ave., 220008 Minsk, Phone: 375 17 2192303 Fax: 375 17 2274879
