Priorbank
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Priorbank OJSC (a member of the Raiffeisen Bank International (RBI) banking group) is one of the largest banks in the Republic of Belarus, has existed since 1989 and has an extensive network of branches in many cities. The bank is the largest private universal bank providing a wide range of financial services of the highest quality to both individuals and legal entities, as well as individual entrepreneurs: deposits, loans, bank plastic cards, money transfers, guarantees, guarantees, factoring, leasing, treasury and investment banking operations, cash and settlement services, etc.
Aktivs
Performance indicators
2024: 1.5-fold increase in net income to BYN 484.1 million
In 2024, Priorbank increased its net profit by 1.5 times to BYN484,1 million (about 13.1 billion Russian rubles). The credit institution's assets grew by 6.2% and reached BYN8,67 billion against BYN8,16 billion in 2023. The bank published its statements in April 2025.
The main drivers of profitability growth were net interest income, which increased by 51.4% to BYN392,6 million. Net commission income rose 7.8% to BYN253,4 million and foreign exchange revenues increased 32.5% to BYN302 million.
The bank's equity capital showed a significant growth of 30.7% from BYN1,63 billion to BYN2,13 billion. The increase was due to the growth of the reserve fund by 91.4% from BYN180,6 million to BYN345,6 million and accumulated profit by 25% from BYN1,28 billion to BYN1,6 billion.
Customer funds in the bank grew from BYN2,19 billion to BYN2,75 billion, which indicates an increase in confidence in the financial institution. At the same time, the bank's funds decreased from BYN1,75 billion to BYN1 billion, and interbank placements decreased from BYN2,93 billion to BYN2,61 billion.
The credit institution's liabilities remained practically unchanged, increasing only by 0.2% from BYN6,53 billion to BYN6,54 billion. This indicates a balanced liability management policy in the face of business growth.
Operating expenses of the bank increased by 16.9% to BYN268 million. Despite the increase in costs, the bank managed to significantly increase profitability due to higher revenue growth.
Earnings per share increased nearly 1.5 times from BYN2,63 to BYN3,93. This demonstrates an increase in the efficiency of the use of equity capital and an improvement in the investment attractiveness of the bank.[1]
History
2025: Mohamed Aldosari's pre-board appointment
Mohamed Aldosari has been appointed the new chairman of the board. Priorbank The press service of the credit institution announced this at the end of August 2025. More here
2024
Raiffeisen completed the sale of Priorbank and lost 300 million euros
Banking group Raiffeisen Bank International (RBI) has completed a major deal to sell its stake in the Belarusian Priorbank. According to an official press release issued in September 2024, RBI transferred 87.74% of the shares of Priorbank and its subsidiaries to Soven 1 Holding Limited.
According to Interfax, the withdrawal of the RBI group from the Belarusian market could lead to losses for the company in the amount of about €300 million, which is due to the difference between the sale price and the book value of assets. It is also expected that the group's consolidated profit will decrease by €500 million by the time the transaction is completed. However, these losses will not affect the regulatory capital and capital adequacy ratios of the RBI group, as confirmed in a press release from the company.
Soven 1 Holding Limited buys Priorbank
On February 14, 2024, the Austrian financial holding Raiffeisen Bank International AG (RBI) announced the sale of the Belarusian Priorbank to the company from the United Arab Emirates (UAE) Soven 1 Holding Limited. Financial and other parameters of the agreement are not disclosed. It is only known that we are talking about the transfer of an 87.74% stake in Priorbank, which was owned by RBI.
It follows from the press release of the Austrian group that as a result of the transaction with Soven 1 Holding Limited, RBI will actually leave the Belarusian market. As part of this procedure, the subsidiary structure of Priorbank will be sold, including Raiffeisen-Leasing, which is mainly engaged in leasing cars and real estate.
At the same time, the message indicates that the conclusion of this transaction will also lead to losses for the group in the amount of 225 million euros due to the difference between the acquisition price and the book value of Priorbank's capital. Also, at the time of closing the transaction, the negative impact on the consolidated profit of the RBI group may be at the level of 450 million euros. This may be a result of reclassification of losses, noted in the RBI message. According to Belarusian media, Priorbank employees have already been informed about the upcoming sale of the company.
Data on the impending sale of a stake in Raiffeisen in Priorbank has repeatedly appeared in the press. Thus, Der Standart reported on a possible deal in which Russian and Belarusian assets could be transferred to Sberbank. However, Raiffeisen denied these rumors and called them "theoretical fabrications."
In addition to subsidiaries in Russia and Belarus, Raiffeisen has banking divisions in various European countries by early February 2024, including Albania, Bosnia and Herzegovina, Croatia, Czech Republic, Hungary, Serbia and others.[2]
2022: KGB detains Sergei Kostyuchenko's bank board
In Belarus, in March 2022, the KGB detained the board of Priorbank. The reason was called "ongoing proceedings."
Notes
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