28.06.2017
The European Bank for Reconstruction and Development (EBRD) is evaluating the interest of investors in buying Bank Moscow-Minsk.

According to the source, steps towards privatizing Bank Moscow-Minsk are part of the EBRD's cooperation with the Belarusian bank. The selection of the advisor for privatizing the bank is nearing completion. “We believe finding out whether investors are really interested in acquiring the bank or not within one year is feasible,” said head of the EBRD representative office in Belarus Alexander Pivovarsky. “When investors start thinking about buying the bank's shares, we will start discussing the EBRD's involvement with them. It is possible the investor will want to buy the bank on his or her own. We work bearing market principles in mind.”

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The European Bank for Reconstruction and Development (EBRD) opened a $10 million credit line for Bank Moscow-Minsk for developing small and medium private companies. The credit agreement was signed by Bank Moscow-Minsk Chairman of the Board Igor Likhogrud and head of the EBRD representative office Alexander Pivovarsky on 27 June. The credit is supposed to support and develop the main type of clients Bank Moscow-Minsk caters for – micro, small, and medium private companies. The partners also agreed a program on trade facilitation through financing export and import operations with the limit set at €10 million. In addition to increasing the volume of operations involving micro, small, and medium private companies the Belarusian bank will be able to improve the technological level of banking operations thanks to the EBRD's experience in this field.

Source: BelTA