Business news

EBRD plans to buy stake in Belinvestbank in 2018

MINSK, 7 June (BelTA) – The European Bank for Reconstruction and Development (EBRD) plans to acquire a stake in Belinvestbank equity capital before the end of the year, EBRD Vice President Alain Pilloux told the media after the meeting with Belarus President Alexander Lukashenko on 7 June, BelTA has learned.

“We have been cooperating for some time with the National Bank and the Government of Belarus in order to improve Belinvestbank operations. We have approached the moment when the EBRD is considering acquiring a stake in Belinvestbank. We hope this will happen before the end of the ongoing year,” said Alain Pilloux.

“After this, we, together with the country’s government and the National Bank, will be doing our best to continue the development of Belinvestbank. We will focus on increasing the range of its operations in order to find a strategic investor whom we are going to discuss with the Belarusian government,” he said.

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