Belarus Development Bank reports 5.1% increase in net profit in 2020 to Br212.013m
<p> MINSK, Apr 29 - PrimePress. The Development Bank of the Republic of Belarus OJSC increased its net profit in 2020 by 5.1% year on year to Br212.013 million ($82.7 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 2020 by 7.8% yoy to Br319.274 million ($124.56 million). The net fees and commission fell by 10.7% to minus Br10.237 million ($4 million); net income from foreign exchange transactions was up 4.8 times to Br46.702 million ($18.22 million dollars); net income from operations with securities –minus Br12.683 million ($4.95 million). </p> <p> </p> <p> The total assets of the Development Bank increased in 2020 by 25.2% year on year to Br11.64 billion ($4.54 billion). The bank increased lending to customers by 45.1% to Br6.703 billion ($2.62 billion); reduced assets in securities by 0.9% to Br3.026 million ($1.18 million); reduced funds in other banks by 11.5% to Br934.444 million ($364.55 million); increased funds in the National Bank of Belarus by 14.5 times to Br98.225 million ($38.32 million). </p> <p> </p> <p> The Development Bank increased its liabilities in 2020 by 29.4% yoy to Br9.122 billion ($3.56bn). Customers’ deposits decreased by 42% to Br1.7 billion ($663.2m); banks’ funds – up 32.3% to Br3.32 billion ($1.3bn). There were no funds of the National Bank of Belarus. </p> <p> </p> <p> The Development Bank increased its equity capital in Jan-Dec 2020 by 12.2% yoy to Br2.518 billion ($982.3 million), authorized capital – up 21.9% to Br1.83 billion ($713.9 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 (Br2.5633/$1) </p>
2021-04-30
Primepress
Belarus Development Bank reports 5.1% increase in net profit in 2020 to Br212.013m
MINSK, Apr 29 - PrimePress. The Development Bank of the Republic of Belarus OJSC increased its net profit in 2020 by 5.1% year on year to Br212.013 million ($82.7 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 2020 by 7.8% yoy to Br319.274 million ($124.56 million). The net fees and commission fell by 10.7% to minus Br10.237 million ($4 million); net income from foreign exchange transactions was up 4.8 times to Br46.702 million ($18.22 million dollars); net income from operations with securities –minus Br12.683 million ($4.95 million).
The total assets of the Development Bank increased in 2020 by 25.2% year on year to Br11.64 billion ($4.54 billion). The bank increased lending to customers by 45.1% to Br6.703 billion ($2.62 billion); reduced assets in securities by 0.9% to Br3.026 million ($1.18 million); reduced funds in other banks by 11.5% to Br934.444 million ($364.55 million); increased funds in the National Bank of Belarus by 14.5 times to Br98.225 million ($38.32 million).
The Development Bank increased its liabilities in 2020 by 29.4% yoy to Br9.122 billion ($3.56bn). Customers’ deposits decreased by 42% to Br1.7 billion ($663.2m); banks’ funds – up 32.3% to Br3.32 billion ($1.3bn). There were no funds of the National Bank of Belarus.
The Development Bank increased its equity capital in Jan-Dec 2020 by 12.2% yoy to Br2.518 billion ($982.3 million), authorized capital – up 21.9% to Br1.83 billion ($713.9 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 (Br2.5633/$1)