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EBRD hails convergence of views on Belinvestbank deal

Economy 04.12.2019 | 17:56
Jurgen Rigterink
Jurgen Rigterink

MINSK, 4 December (BelTA) – The European Bank for Reconstruction and Development (EBRD) hails a gradual convergence of views with the Belarusian government concerning the Belinvestbank privatization deal, EBRD First Vice President Jurgen Rigterink told the media on 4 December, BelTA has learned.

“The EBRD will deploy a team of experts on bank capital to Belarus in early 2020. We will make further conclusions on how to build a dialogue with the government and Belinvestbank relying on the information we receive from these experts. Now, we can say that there is a certain convergence of the parties' views and negotiations continue,” said Jurgen Rigterink.

The EBRD is ready to assist the Belarusian government in the privatization of certain enterprises, and this is not just Belinvestbank. However, as for Belinvestbank, the negotiation process is still at the initial stage, the EBRD said.

In 2015, the European Bank for Reconstruction and Development and the Belarusian government signed a memorandum of understanding regarding the privatization of the public joint-stock company (OAO) Belinvestbank. According to the information of the State Property Committee of Belarus, the value of the package of shares in Belinvestbank is estimated at Br549 million. The Belarusian government expressed interest in seeing the Belinvestbank deal with the EBRD taken to its logical conclusion.

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