Investments into the Future
Belarusbank granted Br165.3 billion worth of loans to small businesses in 2010
the fourth all-belarus People’s Congress adopted the major targets of Belarus’ development strategy. these targets will require concerted efforts of all the sectors of the national economy. a special mission is assigned to the banking sector. nadezhda YERMAKOVA, Chair of the Board of Belarusbank, Belarus’ biggest bank, tells the Economy of Belarus Magazine about Belarusbank’s role in the social and economic development of the country.
the upgrade of three cement producers – the Belarusian Cement Plant, Krichevtsementoshifer, and Krasnoselskstroimaterialy.
The importance of this area of business hardly needs an explanation taking into consideration the ongoing construction boom. These projects are expected to enhance the efficiency of the abovementioned enterprises, cut down on energy costs through changing cement production technologies, and create about 1,000 new jobs in the Mogilev and Grodno oblasts. or 66% of the total financing. This demonstrates that Belarusbank is a state-run financial institution not only from the point of view of ownership, but also from the point of view of its activities.
As for community commitments, the Bank finances the construction of Belarus’ biggest freestyle skiing center and a sports and recreation complex in Surganova Street in Minsk, and, of course, housing construction.
Belarusbank is the oldest financial institution of the country, a reliable and responsible partner who is always there to help its customers.