Interim management introduced in Belarus’ Delta Bank

On March 12^th, interim management was introduced in JSC Delta Bank in order to reduce risks of bank’s depositors and creditors. This measure was taken due to insolvency of Ukrainian parent bank. Amid general financial instability in the region, deposits might flow from smaller to larger Belarusian banks, entailing redistribution of the consumer lending market. The regulator will focus on smaller banks, because those are more likely to experience financial difficulties or bankruptcy, in response to which depositors might provoke mass withdrawal of deposits from all banks.