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01 June 2020, 16:22

EDB starts trading on Belarusian Currency and Stock Exchange

MINSK, 1 June (BelTA) – The Eurasian Development Bank is the first international financial organization to start trading on the stock market of the Belarusian Currency and Stock Exchange, BelTA has learned.

At present 67 organizations, including 27 banks and 40 brokerage companies, trade on the stock market of the Belarusian Currency and Stock Exchange. The trade volume on the stock market exceeded Br2.5 billion in Q1 2020.

Since December 2019 participants of the stock trade have been able to close transactions via a central counterparty (with 100% transaction security in advance).

Chairman of the Board of the Belarusian Currency and Stock Exchange Andrei Aukhimenya noted: “International financial organizations can now work directly on the Belarusian currency exchange market. We hope their appearance as trade participants will add new liquidity to the market while the international organizations will be granted additional opportunities for profitable investment of spare resources and risk management.”

Director of the Treasury of the Eurasian Development Bank Daniyar Imangaliyev noted: “Trading on the stock market of the Belarusian Currency and Stock Exchange will help the Eurasian Development Bank to expand its presence on the financial market of the Republic of Belarus. We are pleased to see how conveniently strategic cooperation between the Eurasian Development Bank and the Belarusian Currency and Stock Exchange develops. Since September 2019 the bank has been a market maker in the Russian ruble/Belarusian ruble currency section of the exchange. Mutually beneficial cooperation with the exchange helps the bank take care of one of its priority tasks: to provide assistance with the development and enhancement of integration processes on financial markets of the bank's participating states.”

The Eurasian Development Bank (EDB) is an international financial institution founded to facilitate the development of market economies in the member states, their sustainable economic growth, and the expansion of mutual trade and economic ties. The bank's charter capital is $7 billion. The member states of the bank are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.

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