MINSK, 23 August (BelTA) – An independent review of the quality of assets of the Belarusian banking system will be considered at a meeting of the Financial Stability Council, Chairman of the Board of the National Bank of Belarus Pavel Kallaur told media, BelTA has learned.
“We expect to hold a meeting of the council soon. Most likely we will consider the results of the asset quality review of the banking system made by independent auditors. The results of this work are to be published in mid-September,” Pavel Kallaur said.
In his words, the council has already held its first meeting and considered the issues related to the situation in the banking system and the country's balance of payment.
The Financial Stability Council is led by Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur and First Deputy Prime Minister of Belarus Vasily Matyushevsky. The Financial Stability Council includes Economy Minister Vladimir Zinovsky and Finance Minister Vladimir Amarin, First Deputy Economy Minister Alexander Zaborovsky, First Deputy Finance Minister Maxim Yermolovich, NBRB Board First Deputy Chairman Taras Nadolny, NBRB Board Deputy Chairman Dmitry Lapko, and NBRB Board Deputy Chairman Dmitry Kalechits.
The Financial Stability Council shall develop and coordinate measures to ensure financial stability and proper operation of banks and non-banking credit and finance institutions, other financial mediators, the financial market and the payment system, including against destabilizing domestic and foreign factors.
