About us

Belvnesheconombank Open Joint Stock Company is a universal credit and financial institution. With many years of experience and established reputation both in international and domestic money markets to its credit, Belvnesheconombank holds a leading position among commercial banks in the Republic of Belarus in international settlements, foreign exchange transactions and foreign trade financing of state agencies and businesses.

Belvnesheconombank operates in accordance with the following licenses:

• License of the National Bank of the Republic of Belarus No. 6 dated 10/27/2006 to perform banking operations;
• Special Permit (License) of the Ministry of Finance of the Republic of Belarus №02200/0247744 dated 07/13/2007 to perform professional and stock exchange transactions with securities; and
• License of the Ministry of Finance of the Republic of Belarus No. 02200/0065061 dated 06/23/2010 to perform transactions with precious metals and stones.

As at 01/01/2012, the Bank's branch network comprised 25 branches, including 5 branches in regional capitals, 6 branches in Minsk, and 14 branches in major cities across the country. The Bank's subsidiaries include Belvneshstrakh Insurance Company, International Energy Center, Mir Fitnesa and Vnesheconomstroy subsidiary companies and Sivelga associated company.

Belvnesheconombank’s Authorized Capital is registered at Br 758 464 million as at January 1, 2012. Among Belvnesheconombank’s shareholders, there are about 600 legal entitiesand over 43 000 natural persons.

Pursuing its key lines of business, Belvnesheconombank, all through its history of business operation, has held leading positions within the country's banking industry in rendering export and import payment services and financing foreign trade transactions. This is evidenced by credit lines established by banks from Germany, Austria, Italy, the Czech Republic and other countries to finance contracts for the delivery of goods and services necessary to implement investment projects in Belarus. Owing to Belvnesheconombank's high standing in the international financial community, many foreign companies and organizations opt for Belvnesheconombank as their guarantor bank. The Bank has become a clearing house for the majority of domestic banks in foreign exchange settlements and a key service provider for banks in CIS countries and Baltic States in Belarusian ruble payments.

Belvnesheconombank holds the status of a principal member of MasterCard (since 1994) and VISA International (since 1995) and is licensed to issue plastic bank cards and provide card-related services as well as to assist other Belarusian banks in gaining access to these international payment systems.

Belvnesheconombank's business development strategy coupled with a meticulous on-going analysis of financial transactions enables it to promptly respond to market developments and focus its resources on the most promising lines of business. Attaining maximum customer satisfaction and providing the widest possible spectrum of services have always been and remain to be the Bank's priority goal. Belvnesheconombank Supervisory and Management Boards see it their main mission to help the Bank's customers maximize their efficiency and strengthen their business capabilities and thereby contribute to the growth of the country's economic potential.