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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of August 7, 2009 No. 1043

About compensation to banks of losses from provision of soft credits

(as amended of the Resolution of Council of Ministers of the Republic of Belarus of 29.06.2011 No. 864)

According to item 4 of the Presidential decree of the Republic of Belarus of July 6, 2009 "About preferential consumer crediting" the Council of Ministers of the Republic of Belarus DECIDES: No. 371

1. Pay to open joint stock companies "Savings bank "Belarusbank", "Belagroprombank", "The Belarusian development bank and reconstruction Belinvestbank, Belpromstroybank (further - banks) in 2009-2014 compensations of losses from provision of soft consumer loans by them at the expense of the means provided in the republican budget on other questions in the field of the industry, constructions and architecture based on the agreements signed by these banks with the Ministry of Finance.

2. To the Ministry of Finance:

2.1. sign with each bank the agreement on compensation of losses from provision of soft consumer loans by these banks without compensation of such losses regarding failure to carry out by borrowers of obligations on repayment of the specified credits in the terms established in prisoners between banks and borrowers credit agreements;

2.2. when forming the republican budget for 2010-2014 to provide means for compensation payment to banks of losses from provision of soft consumer loans and in case of need to make in accordance with the established procedure offers on refining of indicators of the republican budget.

3. This resolution becomes effective since August 9, 2009.

 

Prime Minister of the Republic of Belarus S. Sidorsky

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