Transfer of state-run enterprises’ accounts from private to state banks is not widespread ¬– Business Union
<p> MINSK, Jul 13 - PrimePress. The transfer of accounts of enterprises with state-owned shares from private to state banks has not become massive, as business remain reluctant to follow the authorities’ instruction, says Director of the Business Union of Entrepreneurs and Employers Zhanna Tarasevich. </p> <p> </p> <p> Earlier, a number of enterprises complained to the Union that sectoral government bodies (Bellegprom and the Ministry of Architecture and Construction among them) require citing the government’s order that enterprises with state-owned shares are expected to transfer accounts from private banks to Belarusbank, Belagroprombank and Belinvestbank, which are owned by the state. </p> <p> </p> <p> Some agencies only instructed to transfer accounts from private banks, while the others specified that accounts must be transferred from banks co-owned by Russian entities. </p> <p> </p> <p> This request was primarily addressed to companies engaged in processing of agricultural products. This process has slowed down recently, since businesses manifest their negative attitude to this. </p> <p> </p> <p> The Union voiced concern over the noncompliance of this instruction to market functioning principles and can seriously undermine the economy, which is already under pressure of the COVID-19 pandemic. </p> <p> </p> <p> The Republican Union of Industrialists and Entrepreneurs expressed its solidarity with the Union of Entrepreneurs and Employers, and appealed to the government and the National Bank of Belarus for substantiation. The National Bank officially responded that the legislation in force does not contain any restrictions regarding the choice of servicing banks. </p> <p> </p> <p> According to the National Bank, currently (as of June 19, 2020) 24 banks are operating in Belarus, of which 4 are banks with a predominant share of the state in the authorized capital (63% of the total assets) and 15 banks have a predominant share of foreign capital (34%). End </p> <p> </p>
2020-07-14
Primepress
Transfer of state-run enterprises’ accounts from private to state banks is not widespread ¬– Business Union
MINSK, Jul 13 - PrimePress. The transfer of accounts of enterprises with state-owned shares from private to state banks has not become massive, as business remain reluctant to follow the authorities’ instruction, says Director of the Business Union of Entrepreneurs and Employers Zhanna Tarasevich.
Earlier, a number of enterprises complained to the Union that sectoral government bodies (Bellegprom and the Ministry of Architecture and Construction among them) require citing the government’s order that enterprises with state-owned shares are expected to transfer accounts from private banks to Belarusbank, Belagroprombank and Belinvestbank, which are owned by the state.
Some agencies only instructed to transfer accounts from private banks, while the others specified that accounts must be transferred from banks co-owned by Russian entities.
This request was primarily addressed to companies engaged in processing of agricultural products. This process has slowed down recently, since businesses manifest their negative attitude to this.
The Union voiced concern over the noncompliance of this instruction to market functioning principles and can seriously undermine the economy, which is already under pressure of the COVID-19 pandemic.
The Republican Union of Industrialists and Entrepreneurs expressed its solidarity with the Union of Entrepreneurs and Employers, and appealed to the government and the National Bank of Belarus for substantiation. The National Bank officially responded that the legislation in force does not contain any restrictions regarding the choice of servicing banks.
According to the National Bank, currently (as of June 19, 2020) 24 banks are operating in Belarus, of which 4 are banks with a predominant share of the state in the authorized capital (63% of the total assets) and 15 banks have a predominant share of foreign capital (34%). End