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Business peciliarities in Ukraine and Bealrus
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Business peciliarities in Ukraine and Bealrus

should not anticipate large and well-known European banks to come and invest in Belarus. On the other hand, the new regulation concerning regulatory capital will force small banks either to find additional resources, or will make them more complaisant in talks with Russian capital regarding mergers or sales, given that the latter is the most interested in being represented in Belarus. Among Belarusian banks with foreign (non-Russian) ownership are for example: Priorbank ­ subsidiary of Austrian bank Raiffeisen International; Belarusky Narodny Bank (BNB) ­ subsidiary of Bank of Georgia (the largest Georgian bank listed in London Stock Exchange); BTA Bank ­ subsidiary of BTA Bank Kazakhstan, the largest bank in Kazakhstan; Idea Bank ­ belonging to Polish Investment Group listed in Warsaw Exchange. According to Bloomberg, in 2012, Moody's Investors Service retained its negative outlook on

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