Belarus expands applicability of Interbank identification system Belarus is expanding the sphere of application of the Interbank identification system to increase the availability of banking and financial services. The decree "On digital banking technologies" has been signed by ...
Changes affected lending standards and additional services In Belarus, the updated «Banking Code» came into force. Now financial institutions cannot unilaterally adjust the interest rate on deposits and loans for the consumer’s worse. Change is possible only by agreement of the two parties. Early repayment of consumer loans will be ...
Inscriptions on banknotes to be brought in line with new edition of rules of Belarusian spelling Following every spelling rule. The design of Belarusian banknotes will be updated. Corresponding changes to the decree were signed by the President. The banknotes will ...
Plans to allow some organizations to conduct transactions without digital signature Banks of Belarus can get the right to conclude smart contracts. Corresponding amendments are to be introduced to the current legislation. Smart contract is a program code that is created and used in blockchain to execute various transactions. At present,...
Refinancing rate reduced for 6-th time since beginning of year National bank of Belarus reduces the refinancing rate to 12% from today. The decision was taken with regard to stabilization of positive tendencies in economy. Their features are moderate growth of money supply, stale balance of payments and currency market. The ...
Refinancing rate goes down for 5th time this year The refinancing rate in Belarus dropped one more point, and now is 13% per annum. The decision was made by the Board of the National Bank in connection with the positive trends in the currency and deposit markets. The inflation significantly slowed down compared to December of last year, and as noted, fell by half. Noteworthy, the refinancing rate was reduced for the fifth time this ...
Inflation in Belarus keeps slowing down faster than expected The National Bank of the Republic of Belarus (NBRB) continues to gradually decrease the refinancing rate. On 14 June it will be reduced from 14% to 13% per annum. The decisions on the interest rate policy have been prompted by positive trends in the national economy,...
EBRD to expand investment cooperation with Belarus in transport, energy, public utilities The cooperation of the European Bank for Reconstruction and Development (EBRD) with the public sector of the Belarusian economy will yield good results, Belarus President Alexander Lukashenko said as he met with EBRD First Vice President Philip Bennett. As a full-fledged member of the ...
Belarus President Alexander Lukashenko met with Sberbank Chairman German Gref Belarus President Alexander Lukashenko and Sberbank Chairman of the Board German Gref discussed the situation in the international economy and its influence on the financial sectors in Belarus and Russia. The sides also considered ...