Belarusbank takes part in Serbia-Belarus forum in Belgrade
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03.12.2019

Belarusbank takes part in Serbia-Belarus forum in Belgrade

The Serbia-Belarus business forum in Belgrade was organized by the Belarusian Chamber of Commerce and Industry. The forum focused on the promising areas of bilateral cooperation in the spheres of trade and economy.

During meetings and negotiations representatives of Belarusian and Serbian companies discussed the peculiarities of doing business in the spheres of mechanical engineering, agriculture, petrochemical industry, food industry, pharmaceuticals, light industry, wood-working industry, as well as bank instruments to support trade operations of the two countries.

Chairman of the Board of Belarusbank Viktar Ananich took part in the forum among representatives of the Belarusian government agencies.

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Belarusbank and Serbian Postal Savings Bank signed correspondent account agreements (BYN, USD, EUR) in the presence of Presidents of Belarus and Serbia Alexander Lukashenko and Aleksandar Vucic.

“Belarusbank together with Serbian financial institutions has been contributing to the development of trade between the two countries for more than a decade. We are actively working to improve the quality and enhance the efficiency of the procession of payments of our clients. The documents that we signed today will enable our Serbian partners to more effectively satisfy the demand for settlements between counterparties from the two countries in accordance with the best global standards”, Viktar Ananich said. In his words, Belarusbank’s correspondent network consists of more than 700 banks, which enables the bank to quickly and effectively process international payments.
“We believe that opening direct correspondent accounts with Belarusbank will testify to a high level of mutual trust and serve as a practical instrument of the realization of economic potential of our two countries”, he said.

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The parties also discussed cooperation in the spheres of economy, trade and investments, in particular with regard to projects with the participation of Belarusian and Serbian businesses. They confirmed their willingness to embark on bilateral projects aimed at the expansion of trade operations of Belarus and Serbia, including those with documentary forms of settlements.  

“Belarusbank is prepared to further contribute to the development of trans-border cooperation. In addition to the traditional financial support, we are planning to act as a financial expert supporting Serbian financial institutions and companies that are planning to implement joint projects with Belarusian partners”, the Chairman of the Board added.

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According to experts, the economic forum was a landmark event in the political and economic life of Serbia and Belarus. The forum is expected to contribute to the further establishment of trust relations.

All that will be possible, inter alia, due to the official visit of the President of the Republic of Belarus to Serbia.

The Serbia-Belarus forum resulted in a number of bilateral agreements and commercial contracts.

Reference information:

Founded in 1921, Postal Savings Bank JSC is one of the largest banks of Serbia, with the controlling stock owned by the Serbian government. On April 4, 2019 Belarusbank and Postal Savings Bank signed a strategic cooperation agreement that outlaid the framework of long-term strategic partnership and formed a range of banking services for the clients of each party that participate in successful commercial and investment projects.

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