The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Belarus

BEST BANK
Priorbank/Raiffeisen International

It's not easy being the only private, foreign-owned bank in a country where 80% of the economy is state-owned and all the other banks are run as extensions of state policy and ordered to lend at favourable rates to the state enterprises that create most of Belarus' GDP.

Nonetheless, Priorbank, which is owned by Raiffeisen International, is in an interesting position in Belarus. As the country's most independent bank, it should be in a good position should president Aleksander Lukashenko's dictatorial regime fall.

Priorbank also offers the Belarus market a unique window to international financing – it has helped arrange the first lending backed by the EBRD and the International Finance Corporation for Belarus's beleaguered smaller companies sector.

The bank has managed to carve out an 11% market share of the corporate sector, and is a market leader in credit cards, having issued 122,000 new cards in the past 12 months.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree