Top 10 Banks in Belarus

Introduction

Belarus is a land-locked country in the eastern part of Europe and has a very developed banking system which affects the economy of the country. The financial system is quite stable and there are many banks in the country which offer banking services to individuals and businesses. This article will identify the top 10 banks in Belarus, describe them and their services as well as their impact on the financial sector of the country.

1. Belarusbank

The history of the bank can be traced back to 1991 and it is the biggest and the most ancient of them all in the country. It has a large share of the market and provides retail, corporate, investment and insurance banking services. Due to the fact that it has many branches and ATMs all over the country, it is easily accessible to customers. The bank has been reputable in the market due to reliability.

2. Priorbank

Priorbank is one of the big banks in Belarus and it is a subsidiary of Raiffeisen Bank International. It provides a vast selection of financial products and services, which include retail banking, corporate banking, asset management, and investment banking. Priorbank has been recognized for its product innovations and the use of technology in the delivery of its services has earned it several awards for its customer relations programs.

3. BPS-Sberbank

This venture between the Belarusian Bank for Small Business (BPS) and Sberbank of Russia is mainly to provide financial services to the SMEs and individuals. BPS-Sberbank has a number of products including loans, deposits, and payment services which are specifically meant for the target market and has been an important promoter of the SMEs segment.

4. Belagroprombank

The state-owned Belagroprombank was established in 1991 and is a bank that is dedicated to the agricultural sector in Belarus. The bank offers a number of services such as loans, deposits and trade finance to farmers and agricultural enterprises. Belagroprombank has gained a good reputation in the agriculture finance and is a MARKET LEADER in this area.

5. Alfa-Bank

Alfa-Bank is one of the biggest banks in Belarus and it is a part of the Alfa Group Consortium. It provides retail and corporate banking, investment banking, and asset management services. Alfa-Bank has a customer centered approach and has been integrating new technologies including the mobile banking application to improve its services.

6. MTBank

Formerly known as Minsk Transit Bank, MTBank has grown to become one of the biggest commercial banks in Belarus. It offers vardious financial services such as retail banking, corporate banking, trade finance and investment banking. MTBank is known for its high levels of customer satisfaction and its ongoing efforts to offer new and innovative banking solutions that meet the needs of the present.

7. Belgazprombank

This bank is a joint venture between Gazprombank (Russia) and the Government of Belarus. It offers retail and corporate banking, investment banking and insurance products. Belgazprombank has its strong link with the energy sector and it seeks to cater for the industry’s financial needs as well as for its success.

8. VTB Bank (Belarus)

The Russian VTB Group’s branch in Belarus is called VTB Bank (Belarus). It is one of the biggest banks in the country. It provides retail banking, corporate banking, trade financing and investment banking services. VTB Bank (Belarus) focuses a lot on the customer, and has strategies for continuous improvement of the client relations.

9. Idea Bank

Idea Bank is a new player in the Belarusian banking market, owned by Getin Holding (Poland). It specializes in providing financial services for SMEs and individuals. They offer a number of products including loans, deposits and payment services with a view to offering the client flexibility to choose the product that suits him/her in the market.

10. BSB Bank

BSB Bank is another popular bank in Belarus, which used to bear the name BelSwissBank. It offers a full range of banking services: retail and corporate banking, trade finance and investment banking. The bank has always been focused on the customer, developing new products and services and thus ensuring that it remains a stable and reliable bank in the face of changing economic environments.

Leave a Reply

This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.