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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of October 30, 2012 No. 554

About approval of the Instruction about requirements imposed to the business plan, the strategic plan of development of bank, "Development Bank of the Republic of Belarus" open joint stock company, non-bank credit and financial organization, evaluation procedure of such plans

(The last edition from 16-01-2019)

Based on the paragraph of the sixth of part four of Article 34, "About entering of amendments and changes into the Bank code of the Republic of Belarus" the Board of National Bank of the Republic of Belarus DECIDES: parts one of article 39 of the Bank code of the Republic of Belarus and article 4 of the Law of the Republic of Belarus of July 13, 2012

1. Approve the enclosed Instruction about requirements imposed to the business plan, the strategic plan of development of bank, "Development Bank of the Republic of Belarus" open joint stock company, non-bank credit and financial organization, evaluation procedure of such plans.

2. Declare invalid the resolution of Board of National Bank of the Republic of Belarus of January 25, 2007 No. 22 "About approval of the Instruction about evaluation criteria and procedure for creation of the business plan of bank and non-bank credit and financial organization" (The national register of legal acts of the Republic of Belarus, 2007, No. 70, 8/15968).

3. This resolution becomes effective since January 22, 2013.

Chairman of the board

N. A. Ermakova

Approved by the Resolution of Board of National Bank of the Republic of Belarus of October 30, 2012 No. 554

The instruction about requirements imposed to the business plan, the strategic plan of development of bank, "Development Bank of the Republic of Belarus" open joint stock company, non-bank credit and financial organization, evaluation procedure of such plans

Chapter 1. General provisions

1. This Instruction establishes requirements to the business plan created bank, to the non-bank credit and financial organization, the strategic plan of development of the operating bank, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organization (further, unless otherwise specified, - bank), evaluation procedure National Bank of the Republic of Belarus (further - National Bank) such plans for compliance to qualifying standards.

2. Development of the business plan of bank at the initial stage of its functioning and the strategic plan of development of bank in the course of its further activities is part of the strategic planning representing continuous process of determination of the purposes and the development strategy of bank, control of their accomplishment, adjustment and updating taking into account the changing conditions for ensuring steady functioning and development of bank.

The business plan of bank represents the document determining the development strategy of the created bank on two or over a year and the containing reasonable forecast of its activities and development in the corresponding period including assessment of the expected results and the planned values of the main indicators of activities of bank, and also action, instruments, resources and conditions of their achievement.

The strategic plan of development of bank represents the document determining the development strategy of the operating bank on two or over a year taking into account the achieved results at the time of plan development and the containing reasonable forecast of its activities and development in the corresponding period including assessment of the expected results and the planned values of the main indicators of activities of bank, and also action, instruments, resources and conditions of their achievement.

3. The business plan of bank affirms the board of directors (supervisory board) of bank if according to the charter of bank approval of the business plan is not referred to competence of general meeting of shareholders of bank, and it is submitted in National Bank together with other documents necessary for receipt of the license for implementation of banking activity (further - the license). In case of the request for receipt of the license along with the petition for state registration of bank the business plan shall be signed and approved by founders of bank.

4. The strategic plan of development of bank affirms the board of directors (supervisory board) of bank if according to the charter of bank approval of the strategic plan of development is not referred to competence of general meeting of shareholders of bank, and it is submitted in National Bank in the following cases:

the expirations of planning period of earlier provided business plan (the strategic plan of development) of bank - no later than two months before completion of this period. Planning period is understood as the time frame established in the business plan (the strategic plan of development) of bank during which its realization is enabled;

modification and (or) amendments of the list of banking activities specified in the license granted to bank at the initiative of bank - along with submission of the corresponding petition;

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