Belarus Development Bank reports 31% decrease in net profit in Jan-Jun 2020 to Br73.305m
<p> MINSK, Jul 29 - PrimePress. The Development Bank of the Republic of Belarus OJSC reduced its net profit in January-June 2020 by 31% year on year to Br73.305 million ($30.4 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-Jun 2020 by 10.6% yoy to Br152.532 million ($63.3 million). The net fees and commission fell by 37.6% to minus Br4.303 million ($1.8 million); net income from foreign exchange transactions was up 37.6% to minus Br27.579 million ($11.4 million dollars) from minus Br1.131 million ($469,200); net income from operations with securities – down to minus Br8.038 million ($3.3 million) from Br152,000 ($63,100). </p> <p> </p> <p> The total assets of the Development Bank increased in January-June 2020 by 11% year on year to Br10.316 billion ($4.3 billion). The bank increased lending to customers by 18.8% to Br5.488 billion ($2.3 billion); reduced assets in securities by 0.2% to Br3.049 million ($1.3 million); reduced funds in other banks by 0.1% to Br837.387 million ($347.4 million); increased funds in the National Bank of Belarus by 770% to Br58.949 million ($24.5 million). </p> <p> </p> <p> The Development Bank increased its liabilities in Jan-Jun 2020 by 13% yoy to Br7.962 billion ($3.3bn). Customers’ deposits decreased by 3.5% to Br1.239 billion ($514m); banks’ funds –up 23.4% to Br2.984 billion ($1.2b). There were no funds of the National Bank of Belarus. </p> <p> </p> <p> The Development Bank increased its equity capital in Jan-Jun 2020 by 4.9% yoy to Br2.354 billion ($976.6 million), authorized capital – up 21.9% to Br1.83 billion ($759.2 million). </p> <p> </p> <p> The Development Bank of the Republic of Belarus 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 (Br2.4103/$1) </p>
2020-07-30
Primepress
MINSK, Jul 29 - PrimePress. The Development Bank of the Republic of Belarus OJSC reduced its net profit in January-June 2020 by 31% year on year to Br73.305 million ($30.4 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-Jun 2020 by 10.6% yoy to Br152.532 million ($63.3 million). The net fees and commission fell by 37.6% to minus Br4.303 million ($1.8 million); net income from foreign exchange transactions was up 37.6% to minus Br27.579 million ($11.4 million dollars) from minus Br1.131 million ($469,200); net income from operations with securities – down to minus Br8.038 million ($3.3 million) from Br152,000 ($63,100).
The total assets of the Development Bank increased in January-June 2020 by 11% year on year to Br10.316 billion ($4.3 billion). The bank increased lending to customers by 18.8% to Br5.488 billion ($2.3 billion); reduced assets in securities by 0.2% to Br3.049 million ($1.3 million); reduced funds in other banks by 0.1% to Br837.387 million ($347.4 million); increased funds in the National Bank of Belarus by 770% to Br58.949 million ($24.5 million).
The Development Bank increased its liabilities in Jan-Jun 2020 by 13% yoy to Br7.962 billion ($3.3bn). Customers’ deposits decreased by 3.5% to Br1.239 billion ($514m); banks’ funds –up 23.4% to Br2.984 billion ($1.2b). There were no funds of the National Bank of Belarus.
The Development Bank increased its equity capital in Jan-Jun 2020 by 4.9% yoy to Br2.354 billion ($976.6 million), authorized capital – up 21.9% to Br1.83 billion ($759.2 million).
The Development Bank of the Republic of Belarus 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 (Br2.4103/$1)