OREANDA-NEWS. July 22, 2008. The National Bank of Belarus is considering revising upward the quota for foreign capital in the aggregate authorized fund of Belarusian banks, Sergei Dubkov, the chief of the main banking supervision department of the National Bank, told a press conference on July 22.

The share of foreign capital in the agreggate authorized fund of Belarusian banks makes up 17%. “Taking into account the negotiations which are underway with relevant investors and the documents which have been submitted to the National Bank we can conclude that we will approach 25% very soon,” he said. The share will be increased not through the selling of state-controlled shares of big banks.

Sergei Dubkov said that the investment attractiveness of the Belarusian baking sector is quite high today. The investors who have been working in Ukraine have started paying closer attention to the Belarusian market in view of the calm social and political situation. However, to raise the quota a certain procedure must be observed, “Then we will be able to speak about its raising. I can confirm the fact that the issue is on the agenda,” Sergei Dubkov said.

The quota will not be abolished, Sergei Dubkov said. He did not specify what quota will be after it has been revised upward.