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As for 1 January 2001, the
state had its share in the authorised capital of 13 commercial banks
(privatisation processes in Belarus are conducted in conformity with the Law
"On Destatisation And Privatisation Of State Property In The Republic of
Belarus", which was passed in January 1993). However the share of the
state constituted more than 50% in the authorised capital of only 7 banks.
These banks, along with others, conduct credit support of the key state
programmes of social and economic development of the country.
Shareholders of the
Belarusian banks are banks, firms and natural persons from Russia, Great
Britain, USA, Switzerland, Germany, Austria, Latvia, Panama, Belize, Ukraine,
the Bahamas, Ireland, Finland, Cyprus, and the Republic of Nauru. The share of
foreign investments in the gross authorised capital of the banks operating in
the territory of Belarus constitutes about 6% and is gradually increasing.
A number of known banks
from Germany, Russia, Poland and other countries (for example
"Commerzbank", "Dresdner Bank", "Bank Depozytovo
Kredytovy w Lublinie", etc.) opened their representations in Belarus.
Profitability of the
Belarusian banks as regards their equity constituted, according to the results
of 2000, 30% on the average for all banks, and 48% for joint and foreign banks.