Business peciliarities in Ukraine and Bealrus
settling and/or cash servicing of individuals and/or legal entities, currency exchange
operations, issuing bank guarantees, the fiduciary management of financial resources and
factoring. There are special requirements for certain types of banking operations.
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