Client: European Bank for Reconstruction and Development
Duration: 2009-2011
Region: Eastern Europe and Central Asia
Country: Belarus
Solutions: Economic Growth
By March 2009, the Reconversion and Development Bank (RDB) had become the 18th largest bank in Belarus in terms of total assets. With a focus on retail lending, the bank was one of the most profitable in the country and wanted to grow its micro and small business portfolio to become a more universal bank. DAI led a consortium that provided technical assistance in parallel to an equity investment by the European Bank for Reconstruction and Development in RDB of $3.36 million in 2008, followed by a further increase in 2010. EBRD’s support to RDB emphasized the need to increase access to financial services in the country from a privately owned financial institution and particularly for micro, small, and medium enterprises through improving vital business processes at the bank.
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The Financial Sector Reform Activity supports Ukraine’s economic development and growth. FSR will build the capacity of financial sector regulators and the many actors that make up Ukraine’s nascent financial ecosystem—including the private sector and civil society—to develop new financial architecture and instruments that support Ukrainian businesses and consumers.
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