The List of Banks in Belarus includes a variety of commercial and foreign banks offering services like loans, savings accounts, mortgages, and foreign currency exchange. These institutions support both personal and corporate banking needs across the country.
Belarus, an Eastern European country bordered by Russia, Poland, Ukraine, Lithuania, and Latvia, has a diverse financial system comprising commercial banks, foreign banks, and specialized institutions. The banking sector in Belarus plays a crucial role in supporting the country’s economy, facilitating trade, supporting individual finances, and enabling businesses to thrive. This article presents a comprehensive list of banks in Belarus, categorizing them into commercial and foreign banks, detailing their functions and key aspects of their services.
Overview of the Banking System in Belarus
The banking system in Belarus is regulated by the National Bank of the Republic of Belarus (NBRB), which ensures the stability and development of the financial sector. The system is highly centralized, with a significant degree of state involvement in the economy. Belarus has both state-owned and private commercial banks, foreign banks operating within the country, and development-focused institutions. These banks provide a wide range of services, including savings accounts, loans, foreign currency exchange, investment services, and more.
In this article, we will explore the list of banks in Belarus, divided into commercial banks and foreign banks, detailing their names, services, and special features.
List of Banks in Belarus
Commercial Banks in Belarus
Commercial banks in Belarus play a central role in the nation’s financial system. They are involved in a wide variety of services, from handling day-to-day banking activities such as savings and checking accounts to providing loans, mortgages, and investment services. Below is a detailed list of commercial banks in Belarus:
Bank Name | Type | Key Services |
---|---|---|
Eurobank (Belarus) | Commercial Bank | Consumer loans, deposits, credit cards, investment services |
Belpromstroibank | Commercial Bank | Construction financing, savings accounts, corporate loans |
Bank Moscow–Minsk | Commercial Bank | Personal loans, foreign exchange, corporate services |
Belarussian Bank of Development and Reconstruction (Belinvestbank) | Commercial Bank | Project financing, corporate banking, investment services |
Belvnesheconombank | Commercial Bank | Currency exchange, loans, corporate banking |
Paritetbank | Commercial Bank | Personal loans, savings accounts, credit cards |
Belarussian Industrial Bank | Commercial Bank | Corporate financing, savings and deposit products |
Belagroprombank | Commercial Bank | Agricultural financing, loans, savings accounts |
Bank of Reconversion and Development (RDB–Bank) | Commercial Bank | Long-term financing, loans, corporate services |
Trustbank | Commercial Bank | Consumer loans, mortgages, credit services |
TECHNOBANK | Commercial Bank | Digital banking services, loans, investments |
Golden Taler Bank (GT–Bank) | Commercial Bank | Consumer loans, deposit services, international transfers |
Priorbank | Commercial Bank | Investment services, savings accounts, loans |
VTB Bank (Belarus) | Commercial Bank | Personal and corporate loans, mortgages, foreign exchange |
Absolutbank | Commercial Bank | Consumer banking, loans, investments |
Delta Bank | Commercial Bank | Personal banking, loans, insurance services |
Credexbank | Commercial Bank | Savings accounts, loans, investment services |
Belarusky Narodny Bank | Commercial Bank | Personal loans, savings, corporate banking |
Home Credit Bank (HCBank) | Commercial Bank | Personal loans, credit cards, online banking |
ASTANAEXIMBANK | Commercial Bank | Investment services, loans, deposits |
Belarusbank | Commercial Bank | Wide range of banking services, mortgages, loans |
BELROSBANK | Commercial Bank | Savings accounts, loans, corporate banking |
SOMBelBank | Commercial Bank | Personal loans, corporate services, savings accounts |
Minsk Transit Bank | Commercial Bank | International transfers, personal loans, savings accounts |
Foreign Banks in Belarus
In addition to domestic commercial banks, Belarus is also home to several foreign banks that operate under Belarusian laws but are subsidiaries of international banking groups. These foreign banks provide a range of services, including corporate financing, international trade support, and investment banking. Below is a list of foreign banks in Belarus:
Bank Name | Type | Key Services |
---|---|---|
International Reserve Bank | Foreign Bank | Foreign currency exchange, corporate banking |
Belorussian–Russian Belgazprombank | Foreign Bank | Oil and gas financing, corporate services, loans |
Byelorussian–Swiss Bank (BelSwissBank) | Foreign Bank | International banking, corporate services, investment |
International Trade and Investment Bank (ITI–Bank) | Foreign Bank | Trade financing, investment banking, corporate services |
Detailed Overview of Selected Banks
1. Eurobank (Belarus)
Eurobank is one of the prominent commercial banks in Belarus, offering a wide range of services. With a strong focus on consumer loans, deposits, and investment services, Eurobank has carved a niche in the market. The bank is particularly known for its competitive rates on personal loans and flexible credit card offerings. It also provides business loans, making it a preferred choice for small and medium-sized enterprises (SMEs) in Belarus.
2. Belpromstroibank
Specializing in construction financing, Belpromstroibank is another major player in the Belarusian banking sector. It offers services such as savings accounts, corporate loans, and mortgages. The bank is instrumental in financing large-scale construction projects in Belarus, supporting infrastructure development across the country.
3. Bank Moscow–Minsk
Bank Moscow–Minsk is a significant commercial bank providing a comprehensive array of services including personal loans, foreign exchange, and corporate banking. As the name suggests, the bank has strong ties with Moscow and often facilitates trade and investment between Belarus and Russia. It is a popular choice for individuals who frequently deal in Russian rubles or need services related to cross-border transactions.
4. Belarusbank
As one of the largest commercial banks in Belarus, Belarusbank offers a broad range of banking products. It is a state-owned institution and plays a vital role in the national economy, providing everything from personal loans and savings accounts to corporate financing and mortgage products. The bank is also known for its digital banking platform, which offers convenient online banking options for both personal and corporate customers.
Banking Services in Belarus
Personal Banking
Most banks in Belarus provide standard personal banking services such as savings accounts, checking accounts, loans, and credit cards. Personal loans are widely available, and many banks offer attractive interest rates for both short-term and long-term loans. Mortgage products are also available, allowing individuals to finance home purchases. Foreign currency exchange is another common service, as many Belarusians deal with multiple currencies due to the country’s proximity to Russia and other European nations.
Corporate Banking
For businesses, Belarus offers a range of corporate banking services including business loans, commercial real estate financing, trade financing, and investment solutions. Many of the commercial banks in Belarus are heavily involved in supporting small and medium-sized enterprises (SMEs), offering tailored loan products that suit the needs of businesses in various sectors, including agriculture, manufacturing, and services.
Digital Banking
With the growth of digital technologies, many banks in Belarus have developed robust online banking platforms. These services allow customers to perform banking transactions remotely, access their accounts, and manage finances without having to visit a branch. Digital banking is particularly popular among younger customers who value convenience and speed.
Conclusion
The list of banks in Belarus is extensive, offering a variety of banking products and services to cater to both individuals and businesses. From large state-owned institutions like Belarusbank to specialized foreign banks like BelSwissBank, the financial sector in Belarus is diverse and dynamic. Whether you’re looking for personal banking services, business financing, or investment opportunities, there is a bank in Belarus that can meet your needs. The country’s financial system is well-regulated, and the availability of both local and international banks ensures that consumers and businesses have access to a broad range of financial products.
For anyone planning to move to Belarus or seeking banking services within the country, understanding the list of banks in Belarus is essential. It helps to know the different types of banks available, the services they offer, and how they can support your financial goals. Whether you’re an individual seeking a savings account or a business in need of corporate financing, Belarus has a strong banking system capable of providing the necessary financial solutions.