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Belarusbank, Frankfurt Stock Exchange operator sign memorandum of understanding

Belarusbank and Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, have signed a memorandum of understanding.

The accord was inked in Frankfurt-am-Main on October 17, the Belarusian state bank’s press office said.

The memorandum outlines the parties’ plans regarding the development of Belarus’ stock market and must serve as an additional factor easing the entrance of Belarusian companies to the international capital market, according to the press office.

Belarusbank and Deutsche Börse AG pledged to provide mutual support to operations in the two countries’ capital markets.

Belarus’ largest bank promised to help the German company find Belarusian enterprises that could sell their stock at the Frankfurt Stock Exchange in an initial public offering, while Deutsche Börse AG plans to provide assistance in promoting Belarusian companies in Germany and attracting German capital to the Belarusian stock market.

The bank and the stock exchange operator agreed to hold a workshop in Minsk in early December on Belarusian businesses’ access to the European capital market and foreign investment.

Deutsche Börse AG is a marketplace organizer for the trading of shares and other securities. It also is a transaction services provider. It gives companies and investors access to global capital markets.

Apart from the Frankfurt Stock Exchange, the company owns the European futures exchange Eurex and clearing company Clearstream. //BelaPAN