On 13 March 2009, Belarusbank received the status of WSE IPO Parnter and was approved into the programme aimed to attract foreign companies to the Warsaw Stock Exchange. Following Uniter Investment Company and Priorbank JSC, Belarusbank is the third IPO Partner from Belarus.
Belarusbank, established in 1922, is the largest financial institution in the Republic of Belarus offering more than 100 different banking products and services including cash settlements, lending, deposit banking, leasing, factoring, cash collection, international and interbank settlements, foreign currency exchange, credit cards transactions, consulting as well as depository services.
Belarusbank has been confidently holding the leading position in the domestic market for many years. The Bank's operations are focused on increasing competitiveness, enhancing the quality of services and developing new markets.
Belarusbank has always been supporting the economy of the Republic of Belarus. As the largest credit and financial institution in the country, it contributes to the dynamic development of the most important industries of the economy as well as the social sector.
The Bank's total assets exceeded USD12bn at the end of 2008, which represents 40% of total assets of the country's banking system.
The international rating agency Fitch Ratings Ltd. confirmed Belarusbank's credit ratings in 2008. The Bank also received a credit rating from Moody's Investors Service Limited. The Bank's structure comprises 6 regional branches, 98 local branches and 1834 outlets as well as 42 Banking Service Centres.
On 23 February 2009, the Warsaw Stock Exchange signed a Memorandum of Understanding with the Belarusian Currency and Stock Exchange (Bie?orusskaja Waluto-Fondowaja Bir?a - BWFB). The Memorandum was signed with the purpose of creating favourable investment climate and to support co-operation between financial markets in both countries. Under the Memorandum, BWFB and WSE will set directions for co-operation development and will identify opportunities for BWFP to take advantage of WSE experience related to the operations of capital markets in the European Union.