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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of December 29, 2020 No. 495

About increase in authorized capital of bank and prolongation of term of return of the subordinated credits

For the purpose of ensuring financial stability of banks I decide:

1. To the Ministry of Finance in 2020 to bring remaining balance of means of the state trust budget fund of national development in the amount to 797 million rubles placed in 2014, 2015 and 2020 in bank deposits (deposits) of JSC ASB Belarusbank (further - bank) for financing of housing construction according to legal acts, as money deposit of the Republic of Belarus in authorized capital of bank.

2. Determine that:

2.1. funds deposited as money deposit of the Republic of Belarus in authorized capital of bank according to Item 1 of this Decree are used by bank on provision of soft credits for financing of housing construction according to legal acts;

2.2. the means arriving from return (repayment) of the soft credits called in subitem 2.1 of this Item and also the soft credits granted in subsequent at the expense of these means go bank for provision of soft credits for financing of housing construction according to legal acts;

2.3. compensation to bank of the losses connected with provision of soft credits according to subitems 2.1 and 2.2 of this Item is not performed;

2.4. share placing, emitted in connection with increase in authorized capital of bank according to Item 1 of this Decree, is performed by their transfer into the ownership of the Republic of Belarus without carrying out subscription.

3. Make changes to the following presidential decrees of the Republic of Belarus:

in paragraph five of subitem 8.3 of Item 8 of the Presidential decree of the Republic of Belarus of July 14, 2016 "About creation and activities of Asset Management Agency open joint stock company of figure "10" to replace No. 268 with figures "12";

in paragraph three of subitem 4.1 of item 4 of the Presidential decree of the Republic of Belarus of September 14, 2017 "About attraction of external state loan" the word "six" to replace No. 328 with the word "eleven".

4. To provide to Council of Ministers of the Republic of Belarus acceptance:

in property of the Republic of Belarus of the shares emitted in connection with increase in authorized capital of bank according to Item 1 of this Decree within 30 working days from the date of entering into authorized capital of bank of remaining balance of means of the state trust budget fund of national development according to Item 1 of this Decree;

other measures for implementation of this Decree.

5. This Decree becomes effective after its official publication.

President of the Republic of Belarus

A. Lukashenko

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