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