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Republic

30 August 2011

Belarus' President urges to end mismanagement in banking system

MINSK, 30 August (BelTA) – We should eliminate mismanagement and greediness in the banking system, said President of Belarus Alexander Lukashenko at the government session on 30 August to discuss social and economic development, BelTA has learnt. The head of state urged to establish order in the banking system. “There is too much mismanagement and greed there today, and it is often the banking system that misinforms the population,” the Belarusian leader said. Alexander Lukashenko tasked the Chairman of the State Security Committee and other law enforcement bodies to keep this issue under control and immediately report to him. “Measures will be taken immediately with respect to bank managers. We know what is going on. We know how they sell the foreign currency cheaply, who sends envelopes with a request to exchange the money. Starting from tomorrow, this will be over. Each bank employee must understand that this is not the country that works for the banking system, but the banking system is there to ensure the wellbeing of the country,” the President said. Addressing Chairperson of the National Bank Nadezhda Yermakova, Alexander Lukashenko demanded that she “should clean house and make sure that the banking system turns its face to the state and nation.” The President noted that the wages of bank employees are sometimes dozens of times higher than the wages in other industries. Alexander Lukashenko also noted that the banking system should build its work in such a way as to discourage people from violating the law. “Law enforcement bodies must catch thieves and crooks, but not confront with good citizens,” the head of state said.

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