FAQ

Q: What is the procedure for calculating and payment of calendar fees by the bank to the Agency's reserve?

A: The calculation of calendar fees is carried out by banks independently. Calendar fees are transferred by the bank to the Agency's reserve no later than 10th day of the month following the reporting calendar period.

Q: What is the evidence of registration?

A: Within three days from the date of register entry the Agency issues its Registration Certificate to the bank.

Q: What kind of mandatory fees is bank required to transfer to the Agency's reserve?

A: Banks are required to transfer to the Agency's reserve on an irrevocable basis following mandatory fees – a registration fee and calendar fees.

Q: What is the amount of the registration fee transferred by the bank to the ADC?

A: The registration fee is 0.5 percent of the amount of the bank's regulatory capital on the 1st day of the month in which the bank received a special permit (license) to conduct banking activities, granting the right to conduct a banking operation to attract individuals' funds to bank deposits.

Q: What is the amount of calendar fees the bank transfers to the Agency?

A: The size of the calendar fees is based on the size of the basic rate (standard, reduced, emergency) and the additional rate, which are applied to the calculation base for calculating calendar fees.
The basic standard rate cannot exceed 0.3 percent of the calculation base.
The basic reduced rate cannot exceed 0.15 percent of the calculation base and is applied by the bank starting from the reporting calculation period following the calculation period in which the amount of the Agency's reserve amounted to 5 percent or more of the total size of the calculation bases of banks registered (hereinafter referred to as the aggregate calculation base of banks).
The basic emergency rate may not exceed 0.6 percent of the calculation base, and its size is set by the Council of Ministers of the Republic of Belarus and the National Bank with the President of the Republic of Belarus consent.
Banks cease to apply of basic rates of calendar contributions starting from the reporting billing period following the billing period in which the amount of the Agency's reserve has reached 10 percent or more of the total size of the settlement bases of banks registered, and resume to apply starting from the reporting billing period following the billing period in which the amount of the Agency's reserve was less than 10 percent of the total size of the settlement bases of banks registered.
The additional rate of the calendar fees may not exceed 0.15 percent of the calculation base, and its amount is set depending on the level of risks taken by banks in carrying out their activities.

Q: What is the "calculation base"?

A: The calculation base is the arithmetic mean of the daily balances on the bank's accounts for the accounting of funds placed by individuals in bank deposits (deposits), which are subject to reimbursement in accordance with the Law, for each calendar day of the calculation period.

Q: How is the bank's risk level defined for the purposes of calculating calendar fees?

A: The rules for assessing the activities of banks in order to define the level of risks they accept, including assessment indicators and the methodology for classifying banks by risk groups, are established by the National Bank and approved by Resolution No. 53 of the Board of the National Bank of the Republic of Belarus dated 08.02.2022.

Q: What is an interim administration?

A: The provisional administration is a special management body of the bank, appointed by the National Bank of the Republic of Belarus in accordance with the Law of the Republic of Belarus dated December 13, 2022 № 227-Z "On insolvency resolution" and regulatory legal acts of the National Bank of the Republic of Belarus. The procedure for the activities of the interim administration  regulated by the legal acts of the National Bank of the Republic of Belarus.

Q: What are the grounds for appointing an interim administration?

A: The National Bank of the Republic of Belarus has the right to appoint an interim administration if:
the bank within the established period does not comply with the requirements of the National Bank of the Republic of Belarus to remove the head of the bank or to take measures to improve the financial condition or reorganize the bank;
in accordance with legislative acts, there are grounds for suspending or revoking a bank’s special permit (banking license);
there are grounds for believe that there is a situation threatening the safe functioning of the bank, and (or) maintaining the stability of the banking system, and (or) the interests of depositors and other creditors of the bank.
The decision of the National Bank of the Republic of Belarus on the appointment of a temporary administration published by the National Bank of the Republic of Belarus in its periodicals and posted on the official website of the National Bank of the Republic of Belarus within 15 days from the date of adoption of the decision.

Q: For how long can the National Bank of the Republic of Belarus appoint a temporary administration in the bank?

A: A provisional administration may be appointed for up to eighteen months.

Q: Under what conditions is the activity of the provisional administration terminated?

A: The National Bank of the Republic of Belarus makes a decision to terminate the activities of the temporary administration:
upon elimination of the reasons that served as the basis for its appointment; upon transfer of cases to the manager;
on other grounds established by the regulatory legal acts of the National Bank of the Republic of Belarus.

Q: What are the procedures used in a bank bankruptcy case?

A: Bankruptcy proceedings or liquidation proceedings may be applied when considering a bank bankruptcy case.

Q: Requirements for a Bankruptcy Manager.

A: The manager in case of bank bankruptcy must meet the requirements of Article 45 of the Law of the Republic of Belarus dated December 13, 2022 No. 227-Z “On the Settlement of Insolvency”, the qualification requirements established by the National Bank of the Republic of Belarus, and also have an additional special certificate of the manager.
In case of bank bankruptcy, an organization that provides guaranteed compensation for bank deposits of individuals may be appointed by decision of the economic court, subject to compliance with the requirements established by Article 159 of the Law of the Republic of Belarus of December 13, 2022 No. 227-Z “On the resolution of insolvency.”
Regulatory legal acts of the National Bank determine the scope of qualification requirements for a manager in case of bankruptcy of a bank, the procedure and other conditions for his special certification, including the grounds and procedure for issuing and canceling a special certificate of a manager.

Q: Bank registration order at the Agency?

A: The Bank, on the day of submitting documents to the National Bank for obtaining a special permit (license) for banking activities, granting the right to carry out a banking operation to attract funds from individuals to bank deposits, sends an application to the Agency for its registration.
On the day of issuing a special permit (license) to the bank, the National Bank sends to the Agency a written notification of the decision made, indicating the name of the bank, its location, date of state registration, number of the special permit (license), as well as the amount of the bank's authorized capital for subsequent calculation of the amount of its registration fee.
The Bank is obliged to transfer the registration fee to the Agency's reserve within three working days from the date of receipt of a special permit (license) for banking activities, granting the right to carry out a banking operation to attract funds of individuals to bank deposits (deposits).
The Agency, on the day of receipt of the registration fee from the bank, accepts this bank for registration by including it in the register of banks registered.

Q: What document confirms the registration of the bank at the Agency?

A: The Agency is obliged to issue a certificate of its registration at the Agency to this bank within three working days from the date of inclusion of the bank in the register of registered banks.

Q: Requirements for an anti-recessionary

A: Аnti-recessionary manager must comply with the requirements of Article 45 of the Law of the Republic of Belarus dated December 13, 2022 No. 227-Z “On insolvency resolution”, the qualification requirements established by the National Bank of the Republic of Belarus, and also must have an additional special certificate of the anti-recessionary manager
In case of bankruptcy of a bank, an organization that guaranteed compensation of bank deposits of individuals may be appointed as an anti-recessionary manager by the decision of the Economic Court of the Republic of Belarus, subject to compliance with the requirements established by Article 159 of the Law of the Republic of Belarus of December 13, 2022 No. 227-Z “On insolvency resolution”
Regulatory legal acts of the National Bank of the Republic of Belarus determine the scope of qualification requirements for an anti-recessionary manager in case of bankruptcy of a bank, the procedure and other conditions for special certification, including the grounds and procedure for issuing and canceling a special certificate of an anti-recessionary manager r.

Q: FAQ

A: The quotations and excerpts from regulatory legal acts presented on this page are an unofficial translation of such regulatory legal acts. The distribution (provision) of a legal act translated from the state language in which it was adopted (issued) was carried out with the mark “Unofficial translation”, set out in the language of translation in accordance with paragraph 14 of the Regulation on the Dissemination (Provision) of Legal Information, approved by Decree of the President of the Republic of Belarus dated December 30, 2010 No. 712 “On Improving the State System of Legal Information of the Republic of Belarus”.