Belarus would like to sell an up to 25% holding in state-controlled OAO Belarusbank to a Western bank within two years, Reuters reported Dec. 20, citing Belarusian Prime Minister Andrey Kobyakov.

The bank reportedly accounts for over 40% of the country's banking assets.

Kobyakov told the news agency that a "well-known Hungarian bank" is among the parties that have shown an interest in the stake.

Belarus announced its plans to divest the stake in the spring and selected consultants to advise on the sale in November.