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05 March 2021, 19:07

New head of Belarus' Development Bank introduced to personnel

Roman Golovchenko
Roman Golovchenko

MINSK, 5 March (BelTA) – Prime Minister of Belarus Roman Golovchenko has introduced the new Chairman of the Board Aleksandr Yegorov to personnel of the Development Bank of the Republic of Belarus (DBRB), BelTA has learned.

Roman Golovchenko said: “The bank's Supervisory Board has decided in favor of appointing Aleksandr Yegorov chairman of the board. The appointment has been approved by the head of state according to the established procedure.”

Aleksandr Yegorov will get down to work on 9 March. He previously worked as a deputy chairman of the board at Belarusbank.

Aleksandr Yegorov
Aleksandr Yegorov

According to Roman Golovchenko, the Development Bank faces ambitious tasks taking into account plans for the accelerated development of the national economy and the launch of a new investment cycle. These ambitious tasks require the adjustment of some things, the revision of approaches, innovative solutions and unconditional preservation of stability. In his words, Aleksandr Yegorov has experience of working in the National Bank of the Republic of Belarus, the Economy Ministry, the IMF representative office in Belarus, and other bodies of the banking sector and has earned a reputation as a competent executive. He had worked in Belarusbank's system since 2015 and had been in charge of strategic development and digitization. “I expect the new chairman of the board to bolster the Development Bank's role in future economic development of the country. The bank should transform into a modern financial tool that meets new challenges and tasks,” the prime minister stressed.

According to Roman Golovchenko, key tasks of the Development Bank of the Republic of Belarus remain unchanged. Due to the evolving situation efforts to increase the funding of investment projects of national importance, government programs, and measures and efforts to vigorously find foreign long-term loans on comfortable terms will be prioritized.

Andrei Zhishkevich
Andrei Zhishkevich

“To avoid any gossip, assumptions, and misunderstandings, let me tell you right away that the replacement of executive personnel has not been brought about by bad performance or some hidden events. Andrei Kazimirovich [Zhishkevich, former Chairman of the Board of the Development Bank of the Republic of Belarus] is a highly competent banker, an executive, and a decent man. Under his guidance since December 2018 the Development Bank has demonstrated positive performance in all the main areas of work. The bank's assets increased by 1.5 times to exceed Br12 billion by the beginning of this year. The portfolio of investment projects grew larger. Since 2019 the Development Bank has been the leading Belarusian bank in terms of giving long-term loans in national currency to corporations. It is no doubt due to efforts of the head of the bank, too. On behalf of the government and personally I would like to thank Andrei Kazimirovich [Zhishkevich] for dedicated work and a responsible attitude to business,” the prime minister noted.

Roman Golovchenko presented a certificate of merit of the Council of Ministers to Andrei Zhishkevich.

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