Rulers ready to sell 25% of shares of largest banks of the country

• 30.10.2008, 15:26

Belarusian authorities can sell up to 25% of shares of Belarusbank, Belagroprombank, and controlling blocks of shares of BPS-Bank and Belinvestbank.

It has been stated by the deputy chairman of bank management of Belarusbank Uladzimir Novik. As said by him, at present the state is holding talks with prospective buyers.

“Profit of Belarusbank in 2008 is expected to be at the level of $150 mln. For such a large bank, it is little… Profitability of our shares should be no less then discount rate, and for that we should have great profit to make something,” BelTA says about Uladzimir Novik.

He noted that for rise in profitability the administration of the bank and the leadership of the country is ready to cut the stuff, Telegraf adds.

“Today Belarusbank is overcrowded with staff, which processes payments with the use of outdated technologies. We plan in the near future 80% of transactions to go either to self-service systems of or done via internet. It is one of the most important stages of reengineering of business-processes in Belarusbank,” Uladzimir Novik said.