Foreign ownership is capped at 50% at the agrregate bank industry level. For the purposes of the OECD FDI Regulatory Restrictiveness Index, this is assumed equivalent in terms of restrictiveness to foreign ownership caps for the acquisition (only) of individual banks and, hence, scored accordingly.
"CHAPTER 11 - SPECIFIC FEATURES OF CREATION AND ACTIVITIE OF A BANK FOUNDERS (SHAREHOLDERS) OF WHICH ARE FOREIGN INVESTORS. REPRESENTATIVE OFFICE OF A FOREIGN BANK IN THE TERRITORY OF THE REPUBLIC OF BELARUS. SPECIFIC FEATURES OF ESTABLISHMENT OF SUBSIDIARY BANKS, OF OPENING AFFILIATES AND REPRESENTATIVE OFFICES OF RESIDENT BANKS OUTSIDE THE REPUBLIC OF BELARUS PARTICIPATION OF BANKS-RESIDENTS IN AUTHORIZED FUNDS OF FOREIGN BANKS [...]
Article 90. Additional requirements made for creation and activities of banks in the Republic of Belarus, the founders (shareholders) of which are foreign investors
The amount (quota) of foreign capital participation in the banking system of the Republic of Belarus is established by the National Bank as agreed with the President of the Republic of Belarus. The said quota is calculated as a ratio of the total capital belonging to non-residents in the authorized funds of banks the founders (shareholders) of which are foreign investors to the aggregate authorized fund of banks registered in the Republic of Belarus.
The National Bank shall cease state registration of banks the founders (shareholders) of which are foreign investors once the established amount (quota) of foreign capital participation in the banking system of the Republic of Belarus is reached. [...]
The National Bank is entitled to prohibit increase of the authorized fund of a bank the founders (shareholders) of which are foreign investors at the expense of means of non-residents and/or alienation of shares in favour of non-residents if, as a result of such actions, the rate (quota) of foreign capital participation in the banking system of the Republic of Belarus will be exceeded. [...]" (Banking Code of the Republic of Belarus of 25.10.2000 № 441-Z)
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"Based on Article 90 of the Banking Code of the Republic of Belarus, the Board of the National Bank of the Republic of Belarus DECIDES: 1. Establish the size (quota) of participation of foreign countries in the banking system of the Republic of Belarus to no more than 50 percent [...]"(Resolution of the Board of the National Bank of the Republic of Belarus of September 1, 2008 No. 129 On the size (quota) of the participation of foreign countries in the banking sectorsys te me Respubliki Belaru [google translated])
Code: Banking Code of the Republic of Belarus of 25.10.2000 № 441-Z
Resolution of the Board of the National Bank of the Republic of Belarus of September 1, 2008 No. 129 [google translated]
[<a href="http://www.law.by/document/?guid=3871&p0=Hk0000441e">Code</a>],[<a href="http://pravo.by/document/?guid=2012&oldDoc=2008-222/2008-222(099-100).pdf&oldDocPage=2">Resolution</a>]