Belarusian banks revenues drop 15%

In January-February 2014 Belarusian banks earned revenues in the amount of 901.4 billion BYR.

This is by 14.6% less as compared to the same period in 2013, says the country National Bank’s statistics report, published on the governor’s web-site.

According to the National Bank of Belarus’ data, as of 1 March the assets of the country’s commercial banks amounted to 404 trillion 532.1 billion BYR and grew by 2.4% since the start of the year, including by 2% in February. At the same time the share of assets in foreign currency grew from 50% as of 1 January up to 50.4% as of 1 March. The share of banks’ requirements towards the economy (businesses and natural persons) in their assets accounted to 72% against 71.7% of 1 January 2014. The share of bad assets in the assets under credit risks dropped by 0.12 percentage points as compared to the 1 January data and as of 1 March accounted to 4.33%, Interfax reports.

As of 1 March 2014 the regulatory assets of commercial banks accounted to 56 trillion 518.1 billion and grew from the year’s beginning by 2.9 trillion BYR or by 5.4%. The sufficiency of the regulatory assets in general over the banking sector as of 1 March accounted to 15.45% (15.5% as of 1 January 2014) with the obligatory requirement of no less than 10%.

The profitability of the regulatory assets accounted for 13.07% as of 1 March and dropped by 0.7 percentage points as compared to 1 January. The banking sector’s bad assets accounted to 12 trillion 163.7 billion as of 1 March 2014 and dropped by 0.8% in comparison with 1 January.

According to the data as of 1 March, there were 31 acting banks in Belarus, that have the right for banking activities. Out of those 27 banks were banks with a share of foreign assets, while in 22 the share of foreign investors surpassed 50%.