IFC (International Finance Corporation — IFC), a member of the World Bank Group, has acquired a 20% stake in the "Belarusian National Bank." This was reported by the Directorate of Freedom "Bank of Georgia" — a leading universal commercial bank this country.
The authorized fund of the "Belarusian National Bank" is 69.2 billion Belarusian rubles. "Bank of Georgia" and IFC respectively own 79.99% and 19.99% of the shares.
As the general director of "Bank of Georgia" Irakli Gilavry, "IFC's participation as a shareholder and lender will undoubtedly increase the competitiveness" of the Belarusian People's Bank "and will provide invaluable support in its development"
"The Belarusian peopletion bank "has become the first bank in Belarus, which also received an equity investment, credit, and guarantees of foreign trade operations of the International Finance Corporation.
Open Joint Stock Company "The Belarusian peopletion bank founded in 1991. In 2008, as a result of changes in shareholders became the major shareholder of the "Bank of Georgia".