JSC “MTbank” is the one of Top-10 of modern commercial banks with full range of banking services for corporate and individual clients in Belarus

MTBank ranks among the best financial institutions in Belarus.
MTBank has ranked among the country’s top financial institutions at the annual Bank of the Year 2024 awards. The bank clinched the "Deal of the Year" title and secured top spots across multiple other prestigious categories. With these achievements, MTBank has once again reaffirmed its status as a reliable, innovative, and transparent Belarusian bank.
In addition, MTBank won awards in the following categories:
“Large and Medium-Sized Business Lending 2024”
“Top Executive 2024”
“Mobile App for Corporate Clients 2024”
“Safe and Secure Client Banking 2024”
“Export Financing 2024”
“HR Brand: Investment in the Future 2024”
MTBank’s digital customer experience recognized as best-in-class at the Customer Experience World Awards.
MTBank was named the "Best Digital Bank" and "Bank for VIP Clients" at the "People's Choice" Award. It also won in the "Best Payroll Program" and "In-Store Acquiring" categories. Furthermore, consumers selected MTBusiness as the best mobile app for business.
MTBank became the first bank to enter the Belarusian Book of Records for the fastest business loan. The record-breaking time was just 51 seconds, the exact span from application submission to loan approval.
Rating agency Expert RA has affirmed the credit rating of JSC MTBank at byBBB+ on the national scale of the Republic of Belarus. The outlook is stable. MTBank received an award in the 'Customer Experience in Financial Services' category at the Customer Centricity World Series Awards 2025. The awards ceremony took place on October 9 in Dubai. An independent international jury highly praised the bank's successful case on the online transformation of business loan products.
Mastercard is enhancing its premium program in Belarus by offering MTBank clients—holders of World Mastercard Black Edition, World Elite Mastercard, and Preferred BusinessCard cards—exclusive access to a wider range of special privileges.
In November, MTBank became the first bank in Belarus to ever receive A Credit Rating of The Chinese Agency. China Lianhe Credit Rating Co., Ltd., one of the largest Chinese rating agencies in the country, has assigned MTBank ‘A’ long-term issuer credit rating with a stable outlook. This confirms MTBank's financial performance steadiness and its significance for the Belarusian economy.

The story of any leadership begins with customer trust, but it was the last two years that transformed this trust into the country's top awards. Here is how the events unfolded, confirming our status.
It all started with an absolute victory when MTBank won the Grand Prix at the "Bank of the Year 2023" awards. This highest accolade officially confirmed the bank's reliability and established our position as the leader in the financial market.
The next step was a triumph in the business community. We kept moving forward and secured a double victory for MTBank at the VIII "Number One" business awards. We managed to take first place in two key categories at once: "Bank No. 1 for Small Business" for creating an effective digital ecosystem for entrepreneurs, and "Bank No. 1 for VIP Clients" for developing exclusive investment solutions and premium service.
This was followed by recognition from the consumers themselves. The next chapter of our story brought international acclaim. At the "Choice of the Year 2024" awards, MTBank won first places, and our flagship product earned the status of "Card Product No. 1" for its convenience and security in transactions worldwide. The final touch of recognition came from marketing experts. In parallel with product development, we reshaped our communication with clients. This work resulted in a second-place finish for MTBank at the prestigious ADMA-2024 professional awards in the field of Marketing and Communications.
Today, this story continues. All these achievements serve as the foundation upon which MTBank builds new standards of service for your business and personal comfort. Join us today to grow your business and manage your finances with the market leader.

On April 1, 2021, JSC MTBank acquired 99.9992% of shares of Joint Stock Company "Idea Bank" (the Republic of Belarus). The process of reorganization in the form of a merger of JSC "Idea Bank" to JSC "MTBank" has been started, and is planned to be completed during 2021. In April 2021, following the results of the "Bank of the Year 2020" award, MTBank became the leader in the categories "Investment Bank" and "Internet Users' Choice", and became the silver medalist in three categories at once: 1) "Innovative Bank: Products" with products: the first digital co-branding card "Onliner Klever", both installment cards Halva MIX and Halva MAX, MTKassa - cash register and terminal and payroll project with the speaking name "Simple"; 2) "Top Manager".

In April 2020 following to the results of 2019, during the national competition “Bank of the Year 2019” MTBank was awarded with the Grand Prix and the title "Bank of the Year 2019". This is the third Grand Prix of MTBank. Previously, MTBank received the main award and the honorary title of "Bank of the Year" in 2015 and 2017. In addition to the main award, MTBank also won 5 other awards. Three of them are of the highest dignity: “The best bank among medium”, “The best bank with national capital” and “The choice of Internet users of MyFin portal”. On 5 March 2020, EBRD provided MTBank with a loan in local currency in the amount of BYN 20 million for financing small and medium-sized businesses.

According to SME Banking Club, MTBank loans for small Business for the first time entered the TOP 10 of the best credit products in the banking market of the CIS countries and the Caucasus. Especially were praised two credit products of MTBank: Overdraft Standard and the Loan “Business-Espresso”. Halva received the golden medal in the competition “BRAND OF THE YEAR-2019” in Consumer nomination. MTBankFX received 5 prestigious awards as a Forex service in Belarus.

In January 2018 MTBank won 2 awards at the competition BRAND OF THE YEAR – 2017. MTBank became a silver medalist in the category “Banks” in the Consumer nomination. On 6th March, 2018 MTBank and the EBRD signed the agreement on a synthetic loan in the amount of USD 10 million in Belarusian rubles for financing micro, small and medium-sized businesses. In April 2018 MTBank won the Grand Prix of the “Bank of the Year-2017 Award”, as well as took the first place in the following categories: “Best Bank (among medium-sized)”, “Lender of the Year”, “Most Innovative Bank of Belarus” and “Best Bank Product”. On 30th August, 2018 MTBank and the EBRD signed the agreement in local currency in the amount of BYN 20 million for financing micro, small and medium-sized businesses.

On the 24th March, 2017 MTBank received a prestigious award Straight-Through Processing (STP) Award “STP-Award 2016” that is annually granted by VTB BANK (DEUTSCHLAND) AG to correspondent banks with the largest percentage of payments not requiring manual processing. On the 22nd March, 2017 the installment card “Halva” appeared on Russian market. It was launched by Sovkombank within a franchise agreement with MTBank that allows to use the brand “Halva” and its symbols for promotion. The working mechanism is the same as in Belarus. In April 2017 MTBank and JSC “Development Bank of the Republic of Belarus” signed a general agreement on financing small and medium-sized businesses. Within this agreement the bank is enabled to support: enterprises of production, agriculture and forestry; exporting enterprises; innovative enterprises; regional and women enterprises; franchise purchase.

On the 22nd January, 2016 MTBank and German investment fund IIV Mikrofinanzfonds signed the loan agreement in the amount of EUR 8 million to provide micro- and small-sized businesses as well as individual entrepreneurs, carrying on their business activities in various economic spheres of Belarus, with special financial support. In April 2016 MTBank has been announced the best Belarusian Bank of the Year 2015 as a result of getting the Grand Prix award “Bank of the year 2015”. The Bank has also received 7 awards out of the possible 11. Among them, 4 first places in the nominations “Lender of the Year”, “Credit Product”, “Non-cash Bank” and “Installment Card”, as well as 3 second places in the nominations “Deposit”, “Bank for Business” and “Banking service”.

MTBank presented a new solution for making good purchases with bonus savings card “Halva Plus” developed under “Halva” brand. Additional income could be received from both saving funds on card and from purchases made with the card by getting bonus points, which could be spent on purchases in the partner-shops network. At the beginning of the year MTBank was awarded with a silver medal of the financial-analytical portal “Infobank.by” in the field of customer service quality. The project “Consumer Experience” was aimed at long-term research of service quality in the “mystery shopper” format in bank branches. In March the business transaction on acquisition of 100% of shares of the holding company MTB Investments (Cyprus), which had been the owner of 98,97% of JSC MTBank" shares, was completed. The ultimate beneficial owners of JSC “MTBank” became the famous Belarusian businesspersons Mr. Aleksin Aliaksei Ivanovich and Ms. Oleksina Inna Vladimirovna.

On the 28th of January, 2014 MTBank was recognized as the best one in the nomination “Brand Leader-2013 in social networks”. On the 8th of April, 2014 the new banking product the installment card “Halva” was implemented. On the 23rd April, 2014 Nordic Environment Finance Corporation (NEFCO) and JSC “MTBank” signed a 5-year-term loan agreement in the amount of 3 million Euro to support energy efficiency and environmentally friendly projects. On the 11th September, 2014 EBRD and JSC “MTBank” signed the loan agreement on providing credit line of USD 5 million in local currency to MTBank for financing micro, small and medium-sized businesses.

In the year 2013 JSC “MTBank” started active collaboration with KazExportGarant within the framework of financing clients’ trade transactions by means of financial funds attracted from this financial organization. 2 deals were successfully implemented through the partnership with Kazakh Export Credit Agency. New projects were under discussion then. Since 24th July, 2013 MTBank made transaction processing with usage of plastic cards to MTBank’s own card processing system. As a result, the Bank got the opportunity to launch new banking products itself, and the banking platform used allowed to implement plastic card products, which had been inaccessible to other banks due to technological limitations of their processing decisions.

In 2012 due to active development of retail business net the quantity of MTBank Team members increased from 838 to 1177 people. Besides, the number of MTBank branches enlarged by more than 2 times, from 52 to 106. On the 23rd of November 2012 JSC “MTBank” signed the Loan Agreement in the amount of 4 million US dollars with EBRD on the credit line for financing energy efficiency projects of private micro, small and medium-sized businesses. Over the past year MTBank confirmed the status of one of the most progressive, innovative and client-oriented banks in Belarus. MTBank took the 6th place by absolute value of deposit portfolio. The market share increased from 0.9% to 2.8%.

In March 2011 MTBank and IFC signed a 5-year-term loan agreement in the amount of USD 10 million on financing private SMEs, USD 5 million of which were destined for financing of Energy Efficiency projects. In recognition of MTBank’s excellence in high quality of the US dollars payment transactions made by MTBank Team the Bank was given Deutsche Bank’s 2010 Straight-Through Processing (STP) Excellence Award. The year 2011 was marked by rapid development of retail business. During nine months of the year the bank managed to increase its retail loan portfolio by 2.5 times and retail deposit portfolio by 3.3 times. Product line for individual customers was significantly extended. The Bank developed broad network of retail offices (23 branches all over the country) and significantly strengthened alternative sales channels and cross-sales system

MTBank became a winner of Annual Professional Competition “BRAND OF THE YEAR 2009” in the nomination “Socially responsible brand”. In recognition of MTBank’s excellence in high quality of the payment transactions in US dollars made by MTBank Team, the Bank was presented with Deutsche Bank’s 2009 Straight-Through Processing (STP) Excellence Award. In March 2010 TFP line from EBRD was increased again by USD 5.0 million, and also IFC approved the increase of MTBank GTFP limit up to USD 10 million. The agreement with IFC expanded the capacity of MTBank's corporate clients for making import and export transactions, and also allowed to increase the volume of foreign trade contracts and reduce the cost of credit financing for small and medium-sized businesses. In 2010 loan product line was significantly extended both for individual and corporate customers. Bank offered new consumer loans and auto loans, classic loans for new and used cars, SME loans such as Invest-Loan, Express-Loan, Business-Line, Start-up-Loan, Loans for Vending, Cash loan to an enterprise’s founder

On the 13th of May, 2009 International Finance Corporation (IFC), a member of the World Bank Group, approved a USD 3.0 million trade finance credit line to MTBank. MTBank was one of the first banks in Belarus, which joined Global Trade Finance Programme. Participation in the Programme gave MTBank an access to the global network of 170 confirming banks, which supported trade businesses all around the world. This fact significantly increased the bank’s facilities for trade financing of its customers including small and medium-sized enterprises. In November 2009 credit line within GTFP was increased up to USD 5.0 million and terms of stand-by letters of credits issued within the Programme had been prolonged from half a year to a year. On the 23rd of June, 2009 EBRD and MTBank signed new USD 10.0 million Loan Agreement under the SME Lending Programme in Belarus

The main event of the year was assignment of credit rating to MTBank by international agency “Moody's Investors Service”. On November 27th, 2008 Moody's assigned B2 long-term and Not Prime short-term local and foreign currency deposit ratings and an E+ bank financial strength rating (BFSR) to MTBank. The outlook of all ratings was stable. MTBank was the first among private Belarusian banks (not in the list of Belarusian subsidiaries of large Russian banks) to get an international credit rating. The Moody’s experts emphasized good diversification of the bank's loan portfolio, its adequate liquidity position and high capital adequacy.

MTBank became the winner of Annual Professional Competition “BRAND OF THE YEAR 2006” in the nomination “Socially responsible brand” and Professional nomination in the group “Banks”. It also participated in “GLOBAL CONTRACT” in Belarus – initiative of the United Nations in the field of corporate social responsibility. On the 27th of February, 2007 EBRD and MTBank signed a USD 4.0 million Loan Agreement under the SME and MSE Lending Programme in Belarus. On the 21st of December, 2007 EBRD allocated the 2nd credit line in the amount of USD 10.0 million to MTBank to provide financing for small- and medium-sized businesses in Belarus. The bank also joined EBRD Trade Facilitation Programme with the limit of USD 1.0 million. Relevant agreement was signed on the 28th of August, 2007.

The bank launched the programme “My first bank”, offering favorable service conditions for the clients. Three more additional offices were opened and the existing branches were modernized. The bank was active in the stock exchange. The year 2006 resulted in the bank’s 4th place by quantity of the deals concluded in the primary market and in the 3rd place in the secondary market. The bank became member of EBRD programme aimed at financing investment projects of small- and medium-sized businesses in Belarus. Since April 2006 the bank got an exclusive right in Belarus to do clearing of American Express traveler’s cheques. MTBank was on the 3rd place in the Republic of Belarus by volume of traveler’s cheques sold. Another achievement made was the opening of direct USD account with Deutsche Bank Trust Company Americas (New York) and EUR account with Deutsche Bank AG (Frankfurt-am-Mein), which stated about respective reliability status of the bank.

The greatest developments occurred in retail operations. The international transfers via payment systems Travelex (today it is called COINSTAR) and Anelik were added, new offices of foreign currency exchange were opened. The bank was an active operator in the market of the state securities of the Republic of Belarus. In 2005 by results of stock exchange sessions at the Belarusian Currency and Stock Exchange the bank took the 5th place by quantity of transactions and 6th place by volume of securities transactions.

That year the bank celebrated its 10th anniversary. The Bank obtained a license of the National Bank of the Republic of Belarus for operations with plastic cards; License MASTERCARD for transactions with plastic cards and the status of a member of MASTERCARD as an Affiliate. The principle “Bank –Client”, which underlay the individual approach to clients, was successfully implemented. The range of services and new banking products was considerably extended. The bank became the leader in guarantees volume issued to road carriers of the Republic of Belarus. The international bank transfers via payment systems Contact, Migom were implemented.

The bank continued its active development, showing intense growth of financial indicators. As of January 1st, 2004 the assets of the bank were 30.9 million USD (as of January 1st, 2003 – 18.6 million USD). The equity of JSC “MTBank” increased up to 10 million euros. The bank’s resource potential allowed a 2.2 times increase in the volume of credits extended to the customers. The bank’s correspondent network expanded the financial year. By the end of 2003 56 correspondent accounts of banks from 9 countries were opened in the bank’s books. The bank issued first MasterCard cards. It earned 1.8 million USD of balance profit for 2003 that was 2.6 times more than the same indicator for the year 2002.

The Bank significantly expanded the range of currencies from 4 types of currencies to 15 to carry out currency exchange transactions. The list of credit services provided by the bank included a new operation, which subsequently became a key one, car loans to individuals. The work on urgent international transfers and American Express checks were been activated. The bank actively worked on the development of its infrastructure and introduction of the modern bank technologies. The assets of the bank increased from 10.6 million USD up to 18.6 million USD (by 75.5 %), the equity capital of the bank grew by 61.8 %.

It was a year of basic changes in the bank’s strategy. The International Automobile Holding Atlant-M entered the bank’s capital as a majority shareholder. The bank continued to consolidate its positions in banking sector of the Republic of Belarus. The equity capital of the bank increased up to 5.4 million euro (by 1.8 times). The bank joined the system of international payments SWIFT. A new division of retail business the Department of non-trading operations was created. The division successfully developed banking services for individuals.

JSC “MTBank” expanded the range of retail services: cash funds were issued by international plastic cards VISA, Euro Card, Master Card; individuals could receive cash without opening an account for making transfers; the bank carried out transactions on Western Union transfers.

Within the framework of the project “On the provision of charitable and sponsorship assistance” the Bank financed the organization of New Year's events for poorly protected residents of the Leninsky district of Minsk. There were 1,200 organizations and 14,000 private investors among the bank's clients.

JSC “MTBank” implemented new services such as factoring, leasing, selling Thomas Cook and Visa traveler's checks, selling Vilniaus Bankas commercial checks (Lithuania) and checks of Bank Depozytowo-Kreditowy (Poland).

JSC “MTBank” was admitted to the Association of Commercial Banks of the Republic of Belarus. The bank provided new operations for clients, including lending to individuals for consumer needs, purchasing and building of real estate, and receiving communal and customs payments. The bank received the License for depositary activities. It became member of the Belarusian Currency and Stock Exchange and proved to be an active operator in the equity market.

The bank initiates the first marketing research to study the demand and market for banking products. The first advertisement of the Bank appears. A bank depository was established. The work on attracting the population's funds was intensified. The Bank created Back Office and modernized the computer network.

It was a year of dynamic development of the bank. The number of bank’s shareholders grew, the bank’s charter capital increased by 5 times. Four new branches of the bank were opened in different towns of the Republic of Belarus. The bank received the License for professional activities in the equity market enabling the bank to render brokerage and dealing services to its clients.

JSC “MTBank” was founded in 1994 as a closed joint-stock company and was the first commercial bank in the Republic of Belarus with a stock of foreign investors. The first shareholders of the bank were businessmen from Belarus, Latvia, and Switzerland. On March 14, 1994 the bank received License № 38 of the National Bank of the Republic of Belarus for performing banking operations and General license № 15 for carrying out foreign currency banking operations. In 2 months the first branch of the bank was opened.