The XXI meeting of the Council of the Shanghai Cooperation Organization Interbank Consortium (SCO IBC) was held in Beijing at the head office of China Development Bank on June 5. Viktor Ananich, Deputy Chairman of the Standing Committee on Economy, Budget and Finance of the Council of the Republic of the National Assembly, Chairman of the Board of Belarusbank, took part in it with a keynote statement.
The Bank has been participating in the SCO IBC events as a partner since 2012. Following the Republic of Belarus's status upgrade to a member state of the Shanghai Cooperation Organization in 2024, Belarusbank, as the major state commercial bank of Belarus, with the support of China Development Bank (presiding bank in the SCO IBC from October 2024 to October 2025), has undergone all the procedures prescribed by the Consortium Charter and was unanimously accepted as a member bank of the SCO IBC by a unanimous decision on June 5, 2025.
Deputy Secretary General of the Shanghai Cooperation Organization Mr. Sohail Khan, Advisor to the Department of European and Asian Affairs of the Ministry of Foreign Affairs of the People's Republic of China Mr. Chen Daiven, Chairman of the Board of China Development Bank Mr. Zhao Huan, as well as the heads of delegations of SCO member banks, welcomed Belarusbank's accession to the Consortium as a full member during their speeches at the meeting.
Chairman of the Board of Belarusbank Viktor Ananich and SCO Deputy Secretary General Mr.Sohail Khan
— Belarusbank, with its extensive experience, will make a new practical contribution to the SCO IBC, – noted Mr. Sohail Khan, Deputy Secretary General of the SCO.
The Shanghai Cooperation Organization Interbank Consortium was established on October 26, 2005. The Consortiums’ activities are focused on supporting economic cooperation in the SCO region. The Consortium includes one national financial institution from each SCO member state – Belarusbank, Development Bank of Kazakhstan Joint Stock Company, Eldik Bank OJSC (Kyrgyzstan), China Development Bank, State Development Corporation VEB.RF, Habib Bank Limited (Pakistan), India Infrastructure Finance Company Limited, SUE SB RT «Amonatbonk» (Tajikistan), National Bank of Uzbekistan JSC, as well as 2 partner banks (Eurasian Development Bank and Development Bank of Mongolia).