header -->

Interim management introduced in Belarus’ Delta Bank

Category status:
April 22, 2016 19:08

On March 12th, interim management was introduced in JSC Delta Bank in order to reduce risks of bank’s depositors and creditors. This measure was taken due to insolvency of Ukrainian parent bank. Amid general financial instability in the region, deposits might flow from smaller to larger Belarusian banks, entailing redistribution of the consumer lending market. The regulator will focus on smaller banks, because those are more likely to experience financial difficulties or bankruptcy, in response to which depositors might provoke mass withdrawal of deposits from all banks. 

Similar articles

Minsk attempts to make up for image losses from military exercises by opening to Western values
October 02, 2017 11:49
Image: Catholic.by

The Belarusian authorities regard the Catholic conference as yet another international event to promote Minsk as a global negotiating platform. Minsk’s proposal to organise a meeting between the Roman-Catholic Church and the Russian Orthodox Church is rather an image-making undertaking than a serious intention. However, the authorities could somewhat extend the opportunities for the Roman-Catholic Church in Belarus due to developing contacts with the Catholic world.

Minsk is attempting to lay out a mosaic from various international religious, political and sportive events to shape a positive image of Belarus for promoting the Helsinki 2.0 idea.

Belarus’ invitation to the head of the Holy See for a meeting with the Patriarch of the Russian Orthodox Church should be regarded as a continuation of her foreign policy efforts in shaping Minsk’s peacekeeping image and enhancing Belarus’ international weight. The Belarusian authorities are aware that their initiative is unlikely to find supporters among the leadership of the Russian Orthodox Church in Moscow. In Russia, isolationist sentiments prevail.

In addition, for domestic audiences, the authorities make up for the lack of tangible economic growth with demonstrations of growth in Minsk’s authority at international level through providing a platform for religious, sportive and other dialogues.

Recent trends