Development Bank of Belarus to become active on financial market

The Development Bank of the Republic of Belarus intends to become an active player on the capital market, DBRB Chairman of the Board Sergei Rumas stated at the recent international forum in Minsk.

“To do it, we have a reliable instrument — DBRB bonds, which are entitled to unconditional subsidiary responsibility of the government,” said the executive. The Development Bank works together with the National Bank to master economic incentives that contribute to the appeal of these securities. For instance, the National Bank has allowed commercial banks not to put aside reserves as they buy DBRB securities and has included the securities into the lombard list. In the near future the decision on classifying DBRB securities as highly liquid ones will be made.

Thus, the legislation assigns a class of their own to the DBRB securities. The highly liquid securities are as reliable as treasury securities, pointed out Sergei Rumas.