KPMG is a financial advisor of Belarusbank | KPMG | BY

KPMG is a financial advisor to determine the development strategy of JSSB “Belarusbank”

KPMG is a financial advisor of Belarusbank

Council of Ministers of the Republic of Belarus approved the financial advisor to determine the development strategy of JSSB “Belarusbank”.

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On 22 November 2016, Resolution of the Council of Ministers of the Republic of Belarus № 943 approved a consortium of KPMG Tanacsado Kft. (Hungary), KPMG LLC (Belarus), Oppenheim Law Firm (Hungary), and Stepanovski, Papakul and Partners Attorneys-at-Law (Belarus) as the financial advisor to determine the development strategy of Joint Stock
Company «Savings Bank «Belarusbank» (hereinafter - the Bank) and sell a minority shareholding in it to a foreign investor.

 

The project will be implemented in three key stages:

1. Analysis of the current activities of the Bank and a new strategy development

2. Implementation of the new strategy developed

3. Search for a strategic investor for the Bank for the purpose of the
subsequent sale of the Bank’s minority shareholding of 25%.

 

The project should be implemented within year 2017.

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