Belarusbank’s net profit up 83% in Q1 to Br76.265m

<p> MINSK, May 12 - PrimePress. Belarusbank increased its net profit by 1.83 times year on year in January-March 2021 to Br76.265 million ($30.08 million at the exchange rate of the National Bank of Belarus), according to the data published on the website of the National Bank. </p> <p>   </p> <p> Belarusbank’s net interest income grew 1.9% yoy in January-March 2021 to Br308.519 million ($121.68 million, $1/$2.5354). The bank increased net fee and commission income by 12.4% to Br95.398 million ($37.63 million); reduced net income on foreign exchange operations 1.68 times to Br30.501 million ($12 million); got a negative indicator of income from securities operations at Br31.095 million ($12.26 million) against an Br82,000 profit ($32.34 thousand) as of April 1, 2020. </p> <p>   </p> <p> Belarusbank’s total assets increased by 3% year on year in January-March 2021 to Br37.881 billion ($14.94 billion): loans to customers down 1.7% to Br26.862 billion ($10.6 billion); assets in securities up 22.3% to Br5.019 billion ($2 billion); funds in other banks down 1% to Br2.778 billion ($1.1 billion); funds in the National Bank of Belarus up 59% to Br2.004 billion ($790.4 million). </p> <p>   </p> <p> Belarusbank increased its liabilities by 0.7% yoy in January-March 2021 to Br32.263 billion ($12.73 billion). </p> <p>   </p> <p> Belarusbank increased its equity capital in January-March 2021 by 18.4% to Br5.619 billion ($2.22 billion), the authorized capital - by 27.4% to Br3.706 billion ($1.46 billion). </p> <p>   </p> <p> Belarusbank, the largest bank in Belarus, was formed in July 1991 and was transformed in October 1995 through a merger with the Savings Bank of Belarus. The government’s share in the bank's authorised capital is 98.761%. End </p>

2021-05-13

Primepress