Republic of Belarus: Financial System Stability Assessment: Update, including Report on the Observance of Standards and Codes on Banking Supervision

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 030

Publication date: January 2009

ISBN: 9781451805291

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Topics covered in this book

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Banks and Banking , ISCR , CR , bank , deposit , lending , Belarusian bank , interest rate , financial condition , bank owner , household deposit , capital position , Loans , Insurance companies , Bank deposits , Deposit insurance , Nonbank financial institutions , Eastern Europe

Also of interest

Republic of Congo : 2001 Article IV

Spain

Peru

Malawi

Summary

This paper presents an update to the Financial System Stability Assessment (FSAP) on the Republic of Belarus. The paper reveals that the Belarusian financial sector has so far weathered the ongoing turmoil well, reflecting its relatively closed nature and the dominant role of state-owned banks. The regulatory and supervisory framework has improved since the 2004 FSAP. The planned overhaul of government-directed lending mechanisms in the context of the Stand-By Arrangement will help to ensure the long-term viability of the Belarusian banking sector.