Lukashenko instructs NBB to attract external long-term investments in banks
<p> MINSK, Jul 20 - PrimePress. President of Belarus Alexander Lukashenko instructed the National Bank of Belarus (NBB) to attract long-term investments to diversify the resource base of Belarusian banks. He spoke about this when appointing new members of the NBB Board on Monday, July 20, the presidential press office reports. </p> <p> </p> <p> The president wants the NBB to find an opportunity to raise external funds for diversification, and called on the NBB leadership to think how to piece out the shortage of long and cheap money for lending to investment projects with a priority for those with a payback period of 7-10 years, for example, in the mechanical engineering or petrochemical industries. </p> <p> </p> <p> “The same tasks should be set to all heads of banks, who must bear responsibility for their performance. Each banker must be personally responsible for the money raised and for the terms that must be optimal. This cannot be done sitting in a National Bank office. You should have extensive contacts, not only with Russians, but also in Europe, America, China and other places to raise funds,” Lukashenko said. End </p>
2020-07-20
Primepress
MINSK, Jul 20 - PrimePress. President of Belarus Alexander Lukashenko instructed the National Bank of Belarus (NBB) to attract long-term investments to diversify the resource base of Belarusian banks. He spoke about this when appointing new members of the NBB Board on Monday, July 20, the presidential press office reports.
The president wants the NBB to find an opportunity to raise external funds for diversification, and called on the NBB leadership to think how to piece out the shortage of long and cheap money for lending to investment projects with a priority for those with a payback period of 7-10 years, for example, in the mechanical engineering or petrochemical industries.
“The same tasks should be set to all heads of banks, who must bear responsibility for their performance. Each banker must be personally responsible for the money raised and for the terms that must be optimal. This cannot be done sitting in a National Bank office. You should have extensive contacts, not only with Russians, but also in Europe, America, China and other places to raise funds,” Lukashenko said. End