Sberbank may provide $2.35 bln to Belarus unit

MOSCOW, May 5 (Reuters) - Sberbank (SBER03.MM), Russia's biggest lender, plans to inject $300-$350 million into its Belarussian unit's capital and to provide up to $2 billion of additional financial resources, the bank said on Wednesday.

State-controlled Sberbank (SBER03.MM) has already promised hundreds of million dollars worth of loans to Belarussian companies at a time when Russia's loan market is stagnating. [ID:nLDE62N1UC]

Sberbank bought BPS Bank, Belarus No.3 lender in terms of assets, last year for roughly $280 million.

Belarus's economy has been badly hit as demand deteriorates for its goods in Russia and Europe, its chief export markets.

BPS bank has total assets of around 51 billion Russian roubles ($1.72 billion) as of the end of 2009, Sberbank said in information it sent to shareholders ahead of an annual meeting.

(Reporting by Dmitry Sergeyev; editing by Elaine Hardcastle)


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