Belarus to Cede Control of Two State Banks--C.Bank

Belarus may cede a controlling share in state bank Belinvestbank to Germany's Commerzbank (CBKG.DE: Quote, Profile, Research) within four months and give up control of a second bank, Belpromstroibank, the head of the central bank said on Wednesday.

"A fundamental decision has been taken that control may be ceded of two of the top four state banks, Belinvestbank and Belpromstroibank," Pyotr Prokopovich said in an interview.

"We are in the final stages of talks with Commerzbank and an agreement in principle has been clinched. We are talking about a controlling share in Belinvestbank. If nothing changes, within three to four months this issue will be resolved."

(Reporting by Andrei Makhovsky, Writing by Ron Popeski,Editing by Gleb Bryanski)