In­vest­ments into the Fu­ture

Be­larus­bank granted Br165.3 bil­lion worth of loans to small busi­nesses in 2010

Economy of Belarus - - FISCAL POLICY -

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.

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