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. Last Updated: 07/27/2016

Sberbank Eyes Belarus Bank

MINSK — Belarus is concluding talks on the sale of state-controlled BPS Bank to Sberbank and a deal could be signed next month, the head of the Belarussian central bank said Thursday.

Belarus has to cede control of state banks to meet the conditions of the International Monetary Fund, which has agreed to lend $3.5 billion to the impoverished former Soviet country. 

(Reuters)