Belarusbank

From 1922 to 1987 Belarus was integrated in the State Labor Savings Banks System of the USSR. In 1987 Belarusian Republican Bank of the Savings Bank of the USSR was established, and in 1991, it was transformed into Belarusian Savings Bank. In 1995, Joint-Stock Savings Bank Belarusbank was established by Edict of the President of the Republic of Belarus following a nationalizing forced merger between state-owned Belarusian Savings Bank and commercial Bank Belarusbank, with the state holding 99% of the bank's shares.

In 1996 Belarusbank acquired sectoral banks Belsviazbank and Belzheldorbank, furthering nationalization of the banking sector in Belarus. The Client-Bank system was introduced. In the same year the bank became a principal member of Europay International. A year later representative offices in Warsaw, Poland and Moscow, Russia were established.

In 2000 the Bank became a principal member of VISA International.

In 2003 Belarusbank established a representative office in Frankfurt am Main, Germany. In 2005 MinskComplexBank merged into Belarusbank.

In June 2007 Belarusbank became the first Belarusian bank to open a representative office in Beijing. A year later foreign exchange transactions in the currency of the People's Bank of China were introduced.

September 2010 saw the signing of the first three-party Framework Agreement with a French and a Belgian bank in the history of the banking system. Cooperation with banks from more than 30 countries was established, Germany, Switzerland, China, Poland and Turkey being among the leaders. In December the largest syndicated loan in the history of the Belarusian banking system for US$145 million was attracted.

In May 2012 Belarusbank became an official member of World Savings Banks Institute (WSBI), one of the largest banking associations that promotes interests of savings banks and retail banking institutions in the world. In the same year Belarusbank became partner bank of the Shanghai Cooperation Organization Interbank Consortium.

On 16 August 2013 an agreement on founding of Belkart, was signed. Banks Processing Center, JSC, Belarusbank, Belagroprombank, JSC and Belinvestbank, JSC acted as its founders.

Belarusbank is a full-service bank that works with both individuals and entities and also provides investment and banking services. As of August 2018, the bank served more than 80 thousand entities and individual entrepreneurs. Major customers include Belarusian Oil Company, CJSC, Gazprom Transgaz Belarus, JSC, Eurotorg, LLC.

Belarusbank holds the first place among top 10 largest Belarusian banks by the size of branch network. As of 2022 the bank's branch network included:

6 regional branches; 21 branches; 119 banking services centers

990 banking outlets; 90 exchange offices; 4 mobile cash offices

International sanctions

In June 2021, the European Union imposed sanctions against Belarusbank. In August of the same year, Switzerland joined the EU sanctions.

Ukraine imposed sanctions against the bank in October 2022, and against ASB Leasing, its subsidiary, in January 2023. In 2022 and 2023, the bank was subject to Canadian sanctions.