Business peciliarities in Ukraine and Bealrus
The Belarus' banking system is extremely concentrated. Although, there are 31 banks, more
than half of total assets in the Belarusian banking system are concentrated in the two largest
banks - Belarusbank and Belagromprombank. For example, as of December 31st, 2012, total
assets in the Belarusian banking system amounted to USD 37 billion. Total assets of
Belarusbank (by far the largest bank in the country) as of December 31 st, 2012 were USD 15
billion and total assets of Belagroprombank, second largest bank, were USD 7 billion. The
Top 5 banks hold 80% of the market.
Belarusian banking system is dominated by state-owned banks, in particular Belarusbank
and Belagroprombank, which respectively made up 38.8% and 24.8% of the market as of
2011. Belarusbank also holds about 50% of all retail savings, and accounts for 90% of retail
lending (the latter as a result of its position as the only bank to provide state-subsidized
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