Belarus’ banks forecast facilitated lending in 2H20 – NBB
<p> MINSK, Aug 19 - PrimePress. Belarusian banks predict facilitated access to lending in the second half of 2020, the National Bank of Belarus (NBB) says in a review following a lending terms survey in the banking sector. </p> <p> </p> <p> Lending terms for all currencies remained unchanged in the second quarter of 2020. According to official statistics, the average interest rate on new loans in Belarusian rubles to individuals stood at 9.67% in June 2020, down 0.4 percentage points from March 2020. The average interest rate on new loans in Belarusian rubles to legal entities was at 11.17% in June 2020, up 0.24 pp month on month. </p> <p> </p> <p> According to the survey banks, the changed terms for raising funds in the domestic market in the second quarter of 2020 contributed to the tightening of lending terms for all borrowers, and the changed terms for borrowing in foreign markets tightened the lending terms for large businesses. </p> <p> </p> <p> Bank executives say that the terms of refinancing of previously accommodated loans were eased for businesses and tightened for individuals (for real estate financing). </p> <p> </p> <p> Requirements to financial health of all categories of borrowers tightened in 2Q20, and so did requirements to small and medium businesses and individuals to ensure the fulfillment of loan obligations (for consumer needs). </p> <p> </p> <p> The average interest rate for new loans in foreign currencies to legal entities was at 4.7% per annum in June 2020, up 0.4 pp from March 2020. </p> <p> </p> <p> According to the banks’ forecast, 3Q20 will see relaxed lending borrowing terms, except for individuals (for real estate financing). The terms will be eased in the 4th quarter of 2020 for all categories of borrowers, the National Bank says. </p> <p> </p> <p> In the second quarter of 2020, survey participants note an increase in demand for loans in Belarusian rubles among all categories of borrowers, with the exception of individuals (for real estate financing). The greatest increase in demand for loans has increased among small and medium-sized businesses. </p> <p> </p> <p> In the third and fourth quarters of 2020, survey participants predict a continued increase in demand for all categories of borrowers. At the same time, the most intensive increase in demand for loans in Belarusian rubles is expected from representatives of small and medium-sized businesses. End </p>
2020-08-20
Primepress
MINSK, Aug 19 - PrimePress. Belarusian banks predict facilitated access to lending in the second half of 2020, the National Bank of Belarus (NBB) says in a review following a lending terms survey in the banking sector.
Lending terms for all currencies remained unchanged in the second quarter of 2020. According to official statistics, the average interest rate on new loans in Belarusian rubles to individuals stood at 9.67% in June 2020, down 0.4 percentage points from March 2020. The average interest rate on new loans in Belarusian rubles to legal entities was at 11.17% in June 2020, up 0.24 pp month on month.
According to the survey banks, the changed terms for raising funds in the domestic market in the second quarter of 2020 contributed to the tightening of lending terms for all borrowers, and the changed terms for borrowing in foreign markets tightened the lending terms for large businesses.
Bank executives say that the terms of refinancing of previously accommodated loans were eased for businesses and tightened for individuals (for real estate financing).
Requirements to financial health of all categories of borrowers tightened in 2Q20, and so did requirements to small and medium businesses and individuals to ensure the fulfillment of loan obligations (for consumer needs).
The average interest rate for new loans in foreign currencies to legal entities was at 4.7% per annum in June 2020, up 0.4 pp from March 2020.
According to the banks’ forecast, 3Q20 will see relaxed lending borrowing terms, except for individuals (for real estate financing). The terms will be eased in the 4th quarter of 2020 for all categories of borrowers, the National Bank says.
In the second quarter of 2020, survey participants note an increase in demand for loans in Belarusian rubles among all categories of borrowers, with the exception of individuals (for real estate financing). The greatest increase in demand for loans has increased among small and medium-sized businesses.
In the third and fourth quarters of 2020, survey participants predict a continued increase in demand for all categories of borrowers. At the same time, the most intensive increase in demand for loans in Belarusian rubles is expected from representatives of small and medium-sized businesses. End