Belarusian President Lukashenko calls for reducing the number of banks to optimize the nation's banking sector.
Belarusian President Lukashenko has urged for the optimization of the nation's banking sector, expressing his view that there are too many banks in the country. As a result, he wants to reduce the number of banks to avoid unnecessary competition and to retain skilled financial experts. 21 banks currently operate in Belarus, and Lukashenko has appointed Siarhei Staliarchuk as the new head of the Development Bank to help with this task.
April 04, 2024
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