Priorbank

Priorbank (Belarusian: Адкрытае акцыянернае таварыства «Пріорбанк») is one of the largest commercial banks in Belarus.

Priorbank

Industry	Banking, Financial services
Founded	1989
Headquarters	Minsk , Belarus
Products	Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards
Net income	184,323,000 Belarusian ruble (2021)
Total assets	6,228,597,000 Belarusian ruble (2021)
Number of employees	1,744 (2021)
Parent	Soven 1 Holding Limited The State Committee on Property of the Republic of Belarus
Website	priorbank.by

History

It was established on the initiative of industrial circles such as MTZ, BelautoMAZ, MZH, MZVT, "Gorizont" and the city administration of Promstroibank.

In 1997, one of the main shareholders became the European Bank for Reconstruction and Development, which left the shareholders in 2008.

In 2003, 50% of the shares were acquired by the Austrian banking group Raiffeisen Bank International,^[1] later its share increased to 87.7%.

Since April 2023, the bank has been under Canadian sanctions.^[2]

In 2024, Priorbank's assets increased by 6.2% to 8.67 billion Belarusian rubles. The bank's equity increased by 30.2% to 2.13 billion Belarusian rubles. Return on capital was 22.8%, and return on assets was 5.6%. The bank received 484.1 million Belarusian rubles in net profit, which is almost a sixth of the total profit of commercial banks in Belarus (excluding the Development Bank).^[3]