Belarusbank’s profit up 1.9% in 2020 to Br380.209m
<p> MINSK, Apr 29 - PrimePress. ASB Belarusbank OJSC reports a 1.9% year-on-year increase in its profit in January-December 2020 to Br380.209 million ($148.33 million at the rate of the National Bank of Belarus), says the National Bank of Belarus (NBB). </p> <p> </p> <p> Belarusbank increased its net interest income in 2020 by 6.4% year on year to Br1.269 billion ($495.1 million). The net fee and commission income was up 9.3% to Br352.725 million ($137.6m); net income from operations with foreign exchange – up 100% to Br240.77 million ($93.9m); net loss from operations with securities – Br2.078 million ($810,700). </p> <p> </p> <p> Belarusbank’s total assets increased in 2020 by 21.9% yoy to Br36.786 billion ($14.35bn). Loans to customers increased by 34.6% to Br27.314 billion ($10.66bn); assets in securities – up 13.7% to Br4.104 billion ($1.6bn); funds in other banks – down 6.2% to Br2.806 billion ($1.1bn); funds in the National Bank of Belarus – down 32.7% to Br1.261 billion ($491.9m). </p> <p> </p> <p> Belarusbank’s liabilities increased in 2020 by 23.4% year on year to Br32.038 billion ($12.5 billion), including customers’ funds in the bank – up 7.7% to Br21.101 billion ($8.23bn); banks’ funds – up 53.6% to Br6.955 billion ($2.71bn); funds of the National Bank of Belarus – up 18.6 times to Br1.181 billion ($460.73m). </p> <p> </p> <p> Belarusbank increased its equity capital in 2020 by 12.6% year on year to Br4.748 billion ($1.852bn); authorized capital – up 9.2% to Br2.909 billion ($1.13bn). </p> <p> </p> <p> Belarusbank, Belarus’ largest bank, was founded in July 1991, and was transformed in October 1995 through a merger with Sberbank of Belarus. The state holds the 98.761% share in the authorized capital of the bank. End (Br2.5633/$1) </p>
2021-04-30
Primepress
Belarusbank’s profit up 1.9% in 2020 to Br380.209m
MINSK, Apr 29 - PrimePress. ASB Belarusbank OJSC reports a 1.9% year-on-year increase in its profit in January-December 2020 to Br380.209 million ($148.33 million at the rate of the National Bank of Belarus), says the National Bank of Belarus (NBB).
Belarusbank increased its net interest income in 2020 by 6.4% year on year to Br1.269 billion ($495.1 million). The net fee and commission income was up 9.3% to Br352.725 million ($137.6m); net income from operations with foreign exchange – up 100% to Br240.77 million ($93.9m); net loss from operations with securities – Br2.078 million ($810,700).
Belarusbank’s total assets increased in 2020 by 21.9% yoy to Br36.786 billion ($14.35bn). Loans to customers increased by 34.6% to Br27.314 billion ($10.66bn); assets in securities – up 13.7% to Br4.104 billion ($1.6bn); funds in other banks – down 6.2% to Br2.806 billion ($1.1bn); funds in the National Bank of Belarus – down 32.7% to Br1.261 billion ($491.9m).
Belarusbank’s liabilities increased in 2020 by 23.4% year on year to Br32.038 billion ($12.5 billion), including customers’ funds in the bank – up 7.7% to Br21.101 billion ($8.23bn); banks’ funds – up 53.6% to Br6.955 billion ($2.71bn); funds of the National Bank of Belarus – up 18.6 times to Br1.181 billion ($460.73m).
Belarusbank increased its equity capital in 2020 by 12.6% year on year to Br4.748 billion ($1.852bn); authorized capital – up 9.2% to Br2.909 billion ($1.13bn).
Belarusbank, Belarus’ largest bank, was founded in July 1991, and was transformed in October 1995 through a merger with Sberbank of Belarus. The state holds the 98.761% share in the authorized capital of the bank. End (Br2.5633/$1)