National bank of Belarus increases minimal size of authorized capital for banks

07.06.2012 20:15
National bank of Belarus increases minimal size of authorized capital for banks

YEREVAN, June 7. /ARKA/. The National Bank of Belarus has set the minimal size of authorized capital for new-established or reorganized banks in Belarusian rubles. According to the regulator’s decree issued on May 28, 2012, the amount must be equal to €25 million, RIA Novosti reported today referring to the Belarusian national bank’s press office.

Before that, the minimum amounted to €5 million.

As it was reported earlier, the national bank plans to increase the minimum size of standard capital for banks to €25 million.

Those banks whose normative capital is less than the set minimum now, will be given time – approximately until January 1, 2015 - for building it up. -0--


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