The Development Bank is a specialized financial institution established as per a Decree of the President of the Republic of Belarus dated June 21 2011 No 261 (hereinafter Decree No 261). The core mission of the Bank is to develop the Government program financing system and implement socially significant investment projects. The Bank’s promoters were the Council of Ministers and the National Bank of the Republic of Belarus. The process of the Development Bank creation was implemented in close collaboration with leading international financial organizations, such as the International Monetary Fund and the World Bank. It was also based on the outcome of a review of international practices in the operation of similar institutions.

about the bank in numbers

  • 2011 incorporation year
  • USD 881 million. regulatory capital
  • RUB 7 596 million size of legal entity loan portfolio
  • 110.5% is the size of net stable funding
implemented projects
What has been done
  • Budgetary Planning system implemented on the Colvir MIS platform;
  • a single base of administrative contracts created;
  • annual planning model set up.
What benefits have accrued to the customer
Migration to a single centralized planning model, budgetary controls process speeding up and automation.
Colvir Software Solutions Benefits
1 Our Customers are our top priority Colvir staff are as much Customer-oriented as possible
2 Stable development We keep upgrading our products and services
3 Achieving goals Our key success criteria is raising the efficiency of our Customer's business
4 Business transformation We create a state-of-the-art technology landscape
5 International expertise We leverage advanced global technologies to achieve our customers' goals
6 Positions of leadership Colvir customers often become pioneers in the banking industries of their respective countries
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