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10 March 2025, 13:29

Golovchenko: Belarus’ banking system has adapted to shocks, challenges 

MINSK, 10 March (BelTA) – The Belarusian banking system has adapted to all shocks and challenges, Roman Golovchenko, who was appointed Chairman of the Board of the National Bank of the Republic of Belarus, told the media, BelTA learned.

“The banking system has adapted to shocks and challenges,” Roman Golovchenko said. “Of course, difficulties arise in our work because we cannot ignore what is happening on the external circuit. Or rather, it affects us in such a way that we can't just dismiss it.”

“Nevertheless, we have learned to live with it and found our ways,” the head of the National Bank emphasized.

Touching on the topic of the most severe sanctions against the banking system, Roman Golovchenko said: “I am sure that this situation will not last long, and common sense will prevail.”

He also pointed out: “Properly managing finances and keeping the financial system stable is a key task for any state.”

Roman Golovchenko remembered the period when he started working as Prime Minister: “It was 2020. The first thing that destructive forces tried to do after the election was to destabilize the banking system... They tried to push people to raid banks and withdraw their deposits by spreading fake news and rumors. That was not an accident. Not because the banking system is vulnerable, but because it affects every person, their savings, their financial planning. This is why I believed then and I believe today that the financial system and its stability are critical for the sustainability of not only the economy, but also the state as a whole.”

The head of the National Bank also noted: “I think we have learned our lessons, including the mistakes that were made in certain economic decisions. This is the first thing. Secondly, I want to say that the government, when I was Prime Minister, and the National Bank worked together, harmoniously. At a time of some alarming trends, we met regularly, examined the situation and crafted countermeasures together.”

In general, he summarized that the government and the Board of the National Bank interacted very constructively. “I am confident that the joint work of the government and the National Bank will continue in the same vein after today's appointments,” the new head of the National Bank said.

“There are certain ideas about what else can be done to mobilize the banking system even better - the way we mobilized the work of the economy and achieved good results. So there are certain plans, we need to discuss them with professionals, bankers. I certainly have a vision of what needs to be done,” Roman Golovchenko said.

When asked whether he was happy with the new appointment, he emphasized: “I perceive every job as a new challenge and a new assignment. Therefore, the fact that the president put me in charge of another important element in the state system is a great honor for me and I am ready for this work. Therefore, I take it absolutely calmly. It is a new challenge, a new job that I am familiar with. The president gave everyone a fatherly advice today and this gives me confidence in my future work.”
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