Belarus Development Bank reports 16.3% decrease in net profit in Jan-Sep 2020 to Br143.1m
<p> MINSK, Oct 28 - PrimePress. Belarus Development Bank OJSC reduced its net profit in January-September 2020 by 16.3% year on year to Br143.1 million ($56.043 million at the exchange rate of the National Bank of Belarus), says the National Bank of Belarus (NBB) </p> <p> </p> <p> The Development Bank reduced the net interest income in Jan-Sep 2020 by 9.6% yoy to Br233.607 million ($91.489 million). The net fees and commission fell by 12.2% to minus Br7.656 million ($2.998 million); net income from foreign exchange transactions was up 76% to Br41.361 million ($16.198 million); net income from operations with securities – up 6-fold to minus Br6.316 million ($2.474 million). </p> <p> </p> <p> The total assets of the Development Bank increased in January-September 2020 by 23.1% year on year to Br11.442 billion ($4.48 billion). The bank increased lending to customers by 36.8% to Br6.321 billion ($2.48 billion); assets in securities – by 5.9% to Br3.233 million ($1.266 million); funds in other banks – by 19.1% to Br998.139 million ($390.906 million); funds in the National Bank of Belarus – down 1.3% to Br6.694 million ($2.62 million). </p> <p> </p> <p> The Development Bank increased its liabilities in Jan-Sep 2020 by 28.2% yoy to Br9.039 billion ($3.54bn). Customers’ deposits increased by 30.1% to Br1.557 billion ($609.8m); banks’ funds – by 41.5% to Br3.423 billion ($1.34bn). There were no funds of the National Bank of Belarus. </p> <p> </p> <p> The Development Bank increased its equity capital in Jan-Sep 2020 by 7.1% yoy to Br2.403 billion ($941.1 million), authorized capital – up 21.9% to Br1.83 billion ($716.7 million). </p> <p> </p> <p> Belarus Development Bank was established in 2011 by presidential decree 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 (Br2.5534/$1) </p>
2020-10-29
Primepress
Belarus Development Bank reports 16.3% decrease in net profit in Jan-Sep 2020 to Br143.1m
MINSK, Oct 28 - PrimePress. Belarus Development Bank OJSC reduced its net profit in January-September 2020 by 16.3% year on year to Br143.1 million ($56.043 million at the exchange rate of the National Bank of Belarus), says the National Bank of Belarus (NBB)
The Development Bank reduced the net interest income in Jan-Sep 2020 by 9.6% yoy to Br233.607 million ($91.489 million). The net fees and commission fell by 12.2% to minus Br7.656 million ($2.998 million); net income from foreign exchange transactions was up 76% to Br41.361 million ($16.198 million); net income from operations with securities – up 6-fold to minus Br6.316 million ($2.474 million).
The total assets of the Development Bank increased in January-September 2020 by 23.1% year on year to Br11.442 billion ($4.48 billion). The bank increased lending to customers by 36.8% to Br6.321 billion ($2.48 billion); assets in securities – by 5.9% to Br3.233 million ($1.266 million); funds in other banks – by 19.1% to Br998.139 million ($390.906 million); funds in the National Bank of Belarus – down 1.3% to Br6.694 million ($2.62 million).
The Development Bank increased its liabilities in Jan-Sep 2020 by 28.2% yoy to Br9.039 billion ($3.54bn). Customers’ deposits increased by 30.1% to Br1.557 billion ($609.8m); banks’ funds – by 41.5% to Br3.423 billion ($1.34bn). There were no funds of the National Bank of Belarus.
The Development Bank increased its equity capital in Jan-Sep 2020 by 7.1% yoy to Br2.403 billion ($941.1 million), authorized capital – up 21.9% to Br1.83 billion ($716.7 million).
Belarus Development Bank was established in 2011 by presidential decree 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 (Br2.5534/$1)