About us

Belvnesheconombank Open Joint Stock Company is a universal credit and financial institution. With many years of experience and established reputation both in international and domestic money markets to its credit, Bank BelVEB OJSC holds a leading position among commercial banks in the Republic of Belarus in international settlements, foreign exchange transactions and foreign trade financing of state agencies and businesses.

Bank BelVEB OJSC operates in accordance with the following licenses:

  • General License No. 6 by the National Bank of the Republic of Belarus dd.
    21 December 2018.

  • Special Permit (License) No. 02200/5200-1246-918 by the Ministry of Finance of the Republic of Belarus to perform professional and stock exchange operations with securities, issued for a five-year period subject to Decision dd. 29 July 2002 and later extended for a five-year period subject to Decision No. 243 dd.13 July 2007 and for a ten-year period subject to Decision No. 155 dd. 24 May 2012.

  • Special Permit (License) No. 02200/21-00884 to perform transactions with precious metals and stones, issued for a five-year term by the Ministry of Finance of the Republic of Belarus subject to Decision No.132 dd. 23 June 2010 and later extended for a ten-year term by virtue of Decision 165 dd. 4 May 2015.

Our Banking Holding includes Bank BelVEB OJSC, BelVEB Insurance Unitary Insurance Company, VEB Technologies Limited Liability Company, DFS Limited Liability Company, BelVEB IT Limited Liability Company, VedyVenture Limited Liability Company and Sivelga Associated Closed Joint Stock Company.

The Bank’s registered share capital stands at BYN 117,407,500. Among Bank BelVEB OJSC shareholders, there are about 380 legal entities and over 43,000 natural persons.

Pursuing its key lines of business, Bank BelVEB OJSC, all through its history of business operation, has held leading positions within the country's banking industry in rendering export and import payment services and financing foreign trade transactions. This is evidenced by credit lines established by banks from Germany, Austria, Italy, the Czech Republic and other countries to finance contracts for the delivery of goods and services necessary to implement investment projects in Belarus. Owing to Bank BelVEB OJSC high standing in the international financial community, many foreign companies and organizations opt for Bank BelVEB OJSC as their guarantor bank. The Bank has become a clearing house for the majority of domestic banks in foreign exchange settlements and a key service provider for banks in CIS countries and Baltic States in Belarusian rouble payments.

Bank BelVEB OJSC holds the status of a principal member of MasterCard (since 1994) and VISA International (since 1995) and is licensed to issue plastic bank cards and provide card-related services as well as to assist other Belarusian banks in gaining access to these international payment systems.

Bank BelVEB OJSC business development strategy coupled with a meticulous on-going analysis of financial transactions enables it to promptly respond to market developments and focus its resources on the most promising lines of business. Attaining maximum customer satisfaction and providing the widest possible spectrum of services have always been and remain to be the Bank's priority goal. Bank BelVEB OJSC Supervisory and Management Boards see it their main mission to help the Bank's customers maximize their efficiency and strengthen their business capabilities and thereby contribute to the growth of the country's economic potential.