Belarus Development Bank’ export credit portfolio up 78% in Q1 2021 to Br384.2m
<p> MINSK, Apr 21 - PrimePress. OAO Belarus Development Bank says its export credit portfolio grew by 78% year on year in Jan-Mar 2021 to Br384.2 million ($148.546m at the rate of the National Bank). </p> <p> </p> <p> In January-March 2021 Br452.3m ($174.876m; +19% yoy) was allocated for implementing investment projects and other projects. </p> <p> </p> <p> In January-March 2021 Br92.2 million ($35.648 million, +45% year on year) was allocated for financial support to small and medium enterprises (SME). </p> <p> </p> <p> In January-March 2021, the Development Bank provided a total of about Br930 million ($359.573 million) for implementing investment projects and other projects, export crediting and SME support, the press service reported. </p> <p> </p> <p> The Development Bank of the Republic of Belarus was established in 2011 by presidential ordinance No.261 of June 21, 2011 to increase the efficiency of projects included in government programs, reduce the time of their implementation and cost recovery. It finances government programs on its own behalf and at its own expense on terms of urgency, payment and repayment. The state holds 96.224% in the bank’s statutory capital. End </p> <p> </p>
2021-04-22
Primepress
Belarus Development Bank’ export credit portfolio up 78% in Q1 2021 to Br384.2m
MINSK, Apr 21 - PrimePress. OAO Belarus Development Bank says its export credit portfolio grew by 78% year on year in Jan-Mar 2021 to Br384.2 million ($148.546m at the rate of the National Bank).
In January-March 2021 Br452.3m ($174.876m; +19% yoy) was allocated for implementing investment projects and other projects.
In January-March 2021 Br92.2 million ($35.648 million, +45% year on year) was allocated for financial support to small and medium enterprises (SME).
In January-March 2021, the Development Bank provided a total of about Br930 million ($359.573 million) for implementing investment projects and other projects, export crediting and SME support, the press service reported.
The Development Bank of the Republic of Belarus was established in 2011 by presidential ordinance No.261 of June 21, 2011 to increase the efficiency of projects included in government programs, reduce the time of their implementation and cost recovery. It finances government programs on its own behalf and at its own expense on terms of urgency, payment and repayment. The state holds 96.224% in the bank’s statutory capital. End