Bank BelVEB’s net profit up 29.4% in H1 to Br16.532m

<p> MINSK, Sep 7 - PrimePress. Bank BelVEB OJSC increased its net profit by 29.4% year on year in January-June 2021 to Br16.532 million ($6.57 million at the exchange rate of the National Bank of Belarus), according to the data published on the website of the National Bank. </p> <p>   </p> <p> Bank BelVEB’s net interest income grew 16.6% yoy in January-June 2021 to Br89.425 million ($35.55 million, $1/$2.5156). The bank decreased net fee and commission income by 12.9% to Br31.994 million ($12.72 million); reduced net income on foreign exchange operations 6 times to Br3.487 million ($1.39 million); got a negative indicator of income from securities operations at Br4.672 million ($1.86 million) against a Br1.943 million profit ($772,380) as of 1 July 2020. </p> <p>   </p> <p> Bank BelVEB’s total assets decreased by 6.1% year on year in January-June 2021 to Br4.634 billion ($1.84 billion): loans to customers down 9.3% to Br2.828 billion ($1.12 billion); assets in securities up 14% to Br855.991 billion ($340.27 million); funds in other banks down 34.4% to Br134.058 billion ($53.29 billion); funds in the National Bank of Belarus down 8.9% to Br544.352 billion ($216.39 million). </p> <p>   </p> <p> Bank BelVEB decreased its liabilities by 7.2% yoy in January-June 2021 to Br4.015 billion ($1.6 billion). </p> <p>   </p> <p> Bank BelVEB increased its equity capital in January-June 2021 by 2.2% to Br619.212 million ($246.15 billion), the authorized capital – unchanged at Br117.408 million ($46.67 million). </p> <p>   </p> <p> Bank BelVEB was registered by the National Bank of Belarus on December 12, 1991. Russia’s Vnesheconombank holds a 97.52% stake in Bank BelVEB; Minsk City Territorial State Property Fund – 2.29%. BelVEB belongs to the Tier 1 Group of banks. End </p>

2021-09-08

Primepress