Meeting to discuss state of affairs in Belarus’ banking sector

Belarus President Aleksandr Lukashenko met with First Deputy Prime Minister Nikolai Snopkov, Chairman of the State Control Committee Vasily Gerasimov, and the former head of BelVEB Bank Vasily Matyushevsky to discuss the state of affairs in the banking industry.

Aleksandr Lukashenko noted: “The banking system is the topic for our brief conversation.”

The President said that the State Control Committee had been recently instructed to check the state of affairs in private and state-run banks and detect negative trends. “It turns out that all our banks have shortcomings. And we make an unambiguous conclusion that we don’t manage the banking system well,” he stated. “We have not created some legal track for them, along which they should develop, follow certain norms, rules, and laws without leaving this track. Then it turns out that Matyushevsky did the wrong thing or [Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel] Kallaur went the wrong way and so on.”