Question 1

What is Development Bank of the Republic of Belarus?

Accepted Answer

Development Bank of the Republic of Belarus (DBRB) is a specialized state-owned financial institution operating as a classic development bank focused on long-term financing of strategic investment projects. Unlike traditional second-tier commercial banks, DBRB is founded by the Council of Ministers and the National Bank of the Republic of Belarus and operates under special legal status. The bank serves as a critical public policy institution dedicated to financing government programs, supporting infrastructure development, and implementing socially significant investment projects throughout Belarus.

Question 2

When was Development Bank of the Republic of Belarus founded?

Accepted Answer

Development Bank of the Republic of Belarus was established on June 21, 2011, through Decree of the President of the Republic of Belarus № 261. The bank's creation was carried out in close cooperation with leading international financial institutions, particularly the International Monetary Fund and the World Bank, based on analysis of international best practices for development institutions. From its inception, the bank was oriented toward solving strategically significant tasks contributing to sustainable economic growth and modernization of the national economy.

Question 3

Where is Development Bank of the Republic of Belarus headquartered?

Accepted Answer

Development Bank of the Republic of Belarus is headquartered at 35 Masherova Avenue, Minsk 220002, Republic of Belarus. The bank's SWIFT code is BRRBBY2X. The bank also maintains a representative office in London, making it the only Belarusian bank with such international representation.

Question 4

Where does Development Bank of the Republic of Belarus operate?

Accepted Answer

Development Bank of the Republic of Belarus operates throughout the Republic of Belarus, financing investment projects across all regions of the country. The bank's operations focus on national-level infrastructure and strategic projects, with financing reaching enterprises and initiatives throughout Belarusian territory. Through its partner bank network, the bank extends support to small and medium-sized enterprises across Belarus.

Question 5

What services does Development Bank of the Republic of Belarus offer?

Accepted Answer

Development Bank of the Republic of Belarus provides specialized financing services including long-term and capital-intensive investment project financing within government programs, infrastructure development lending, and independently selected investment projects. The bank supports small and medium-sized enterprises through special credit products delivered via a partner bank network. Export finance services include concessional export credits to support large projects of domestic exporters, with DBRB holding an 84% market share in Belarus's export finance sector. From 2016, the bank gained exclusive rights for export finance with budget support in Belarus. The bank performs certain banking operations including lending, budget fundraising to deposits, placing funds on the market, opening accounts, clearing transactions, and foreign exchange operations, though without requiring traditional National Bank licensing. DBRB manages family capital funds as mandated by presidential decree and acts as the government's exclusive agent bank to service and repay external government loans. The bank issues bonds with government subsidiary liability, making them highly liquid assets equivalent to government securities. DBRB is the only financial institution for direct state programs lending in Belarus, financing only profitable and effective projects selected through competitive processes.

Question 6

What makes Development Bank of the Republic of Belarus unique?

Accepted Answer

Development Bank of the Republic of Belarus holds extraordinary legal status and powers unique in the Belarusian financial system. It is the only organization in Belarus (not related to state authorities) with rule-making initiative rights, able to initiate and change national financial and banking legislation. The bank benefits from government subsidiary liability on all bond issues, giving its securities the same status as government bonds with 0% risk weighting in Belarusian rubles and 20% in foreign currency. DBRB received credit ratings of B- from both S&P and Fitch with stable outlook, reflecting its special legal status, critical public policy role, close association with authorities, and sizable capital buffers. As of January 2016, the bank's capital stood at USD 780 million, ranking #2 among all Belarusian financial institutions. The bank achieved "Gold" ranking by profit and "Silver" by equity among all Belarusian banks in 2015. From 2016, DBRB acts as the single coordinator for all state programs financing in Belarus, with authority to receive funds from other Belarusian banks that previously financed state programs. The bank's SME support credit program received World Bank approval, and it creates unique atmosphere for "start-up" companies. DBRB prepares IFRS financial statements audited by KPMG on a 6-12 month basis. As of March 2016, the bank employed 378 highly experienced professionals.

Question 7

What type of financial institution is Development Bank of the Republic of Belarus?

Accepted Answer

Development Bank of the Republic of Belarus is a specialized state-owned development bank operating under special legislation. It is not a classical credit financial institution as defined by the Banking Code of the Republic of Belarus and cannot be classified as a traditional second-tier bank. The bank is 100% state-owned, founded jointly by the Council of Ministers and the National Bank of the Republic of Belarus. DBRB operates under comprehensive regulation by Decree № 261, a special legal act with the force of law, with banking supervision provided by the National Bank of the Republic of Belarus pursuant to the Presidential Decree of May 31, 2016 No. 184. The bank's accounting follows rules established by National Bank normative acts for second-tier banks, though it does not receive traditional government guarantees. DBRB holds special tax treatment status, with incomes on its bonds exempt from income tax under the Tax Code of the Republic of Belarus.

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