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2013 | 6 | 1-2 | 73-85
Article title

THE RESTRUCTURING OF THE FINANCIAL SYSTEM IN BELARUS WITH SPECIAL CONSIDERATION TO THE BANKING SYSTEM

Content
Title variants
Languages of publication
EN
Abstracts
EN
The paper examines the restructuring of the financial system in Belarus which began after the collapse of the Soviet Union. Special consideration is paid to the country’s banking sector. The authors present the Belarusian banking system at the beginning of transformation, the role and functions of the Belarusian central bank, the development of commercial banking in Belarus, the participation of foreign capital in the Belarusian banking system and the status and prospects for development of the banking system in the analyzed country. Basic information on the Belarusian insurance sector and capital market is also provided. The authors conclude that despite significant changes the Belarusian financial sector is still underdeveloped which is reflected, inter alia, in the low ratio of banking penetration in the Belarusian society, low ratio of insurance premiums to GDP, small and illiquid capital market.
Year
Volume
6
Issue
1-2
Pages
73-85
Physical description
Contributors
References
  • Belarusian Currency and Stock Exchange (2006). Annual Report 2005. Minsk.
  • Belarusian Currency and Stock Exchange (2008). Annual Report 2007. Minsk.
  • Belarusian Currency and Stock Exchange (2012). Annual Report 2011. Minsk.
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  • IMF (2009). Republic of Belarus: Financial System Stability Assessment – Update, including Report on the Observance of Standards and Codes on Banking Supervision. IMF Country Report No. 09/30. Washington, D.C.
  • Makhlis, M. (2009), Finanzmarkt Belarus. Atraktiv für Auslandsbanken?. Die Bank, 11/2009.
  • Ministry of Economy of the Republic of Belarus, Revera Consulting Group (2012). Doing Business in Belarus. 2012 edition. Minsk.
  • NBP (2013). Rozwój systemu finansowego w Polsce w 2011 r. Warszawa.
  • NBRB (2012). Financial Stability in the Republic of Belarus 2011. Minsk.
  • NBRB (2013a). General information. Retrieved May 4 2013 from the World Wide Web: http://www.nbrb.by/engl/today/general.asp.
  • NBRB (2013b). Banking system. Retrieved July 22 2013 from the World Wide Web: http://www.nbrb.by/engl/system/finpos/.
  • NBRB (2013c). Report of the National Bank of the Republic of Belarus for 2012. Minsk.
  • Priorbank (2013). Annual Report 2012. Minsk.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-d86251f5-9ea1-4b2c-8472-16f142cda6f7
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