Belarusbank announced on Thursday that it was named the top bank in Belarus by the EMEA Finance magazine.
According to the bank, this is the fifth consecutive year that it has received the award. According to the announcement, the bank sees the repeated awards as a sign that they have a strong strategy and confirms the bank's international reputation.
In a report from Thursday, the bank also reported growth of 11.4 percent during an annual general shareholders meeting. There, they finalized the decision to fund the capital reserve with 20 percent of net profit earned.
The bank also received recognition on a regional scale from Global Finance magazine. The publication stated that the bank topped the list of prominent banks in Belarus with its impact on Eastern Europe. In the ranking process, the magazine analyzed profitability, assets, growth and service to clients. This was the fourth time that Belarusbank had been awarded with this distinction.