Head of Belarus' largest bank dismissed amidst corruption scandal

By bne IntelliNews December 22, 2016

Sergei Pisarik has been dismissed from his post of chairman of the board at the largest bank in Belarus, state-owned Belarusbank, the lender's media office reported on December 21.

According to the bank's statement, the supervisory board of Belarusbank terminated the employment of Pisarik as chairman "by mutual agreement of the parties" on December 19. Alexander Palivka, deputy chairman of the board, was assigned to serve as the lender's acting president.

"The change in the leadership will not affect the activities of the bank and the implementation by the bank of all its plans and obligations," the statement reads.

The move followed arrests of at least two senior executives of Belarusbank, including the lender's Executive Director Anatoliy Bagovik, earlier this year, local media reported. The arrests are allegedly linked to an investigation against the bank's first deputy chairman Gennadiy Gospodarik, who was arrested in June. He was caught red-handed while taking a bribe of $14,000, the KGB security service said.

Related Articles

Agreements with Armenia highlight of uneventful EU Eastern Partnership summit

The EU and Armenia signed a comprehensive and advanced partnership agreement and a common aviation area agreement at the Eastern Partnership summit on November 24, according to an ... more

Iranian-style KitKat may be headed for EEU as part of free trade deal

Iran is set to export biscuits and chocolate as part of a broader free trade deal with Eurasian Economic Union (EEU) states, Tehran’s Financial Tribune daily reported on November 1. Iranian ... more

Belarus's external state debt up 19.5% in January-September

The external state debt of Belarus totalled $16.3bn as of October 1, up by $2.7bn or 19.5% from early January, the Finance Ministry in Minsk reported on October 31. In ... more