Belarusian banks ready to provide additional credit facilities for real sector - National Bank chief
<p> MINSK, Jun 19 - PrimePress. Belarusian banks have no problems with current liquidity and are ready to provide additional credit facilities to the real sector. Chairman of the National Bank of Belarus Pavel Kallaur made a statement to this effect following President Lukashenko’s meeting with the government to discuss support measures the banking system could provide for the real economy sector. </p> <p> </p> <p> “The National Bank supports the liquidity of the banking system. We have no problems with the current liquidity. We are ready to open additional credit lines if necessary,” BelTA reports citing Kallaur as saying. </p> <p> </p> <p> According to him, in the current difficult conditions, the banking system supports the real sector by reducing its profitability, among other things. "Banks’ profit has decreased by 15% year on year. The share of non-performing loans is on the rise. But it will not exceed 7% by the end of the year (the limit is 10%). So we are within the limits of what is allowed, for fear of disturbing the stability of the banking system,” said Kallaur. </p> <p> Banks will continue supporting individuals and corporations by prolonging their loans, said Kallaur. In his words, about 7,000 applications for loan prolongation have been submitted, including some 4,000 from natural persons. </p> <p> </p> <p> In his words, more often than not Belarusian enterprises contact banks with requests to restructure their debts or to borrow money to pay salaries. A special group led by Deputy Head of the Belarus President Administration Dmitri Krutoy has been set up to assist with the resolution of these issues. “Problems are certainly encountered because some companies do not have a very stable financial footing. But upon the authorization of the head of state government guarantees to the tune of Br1.2 billion have been appropriated. Problems of insolvent enterprises are resolved using these guarantees,” Kallaur explained. End </p>
2020-06-20
Primepress
MINSK, Jun 19 - PrimePress. Belarusian banks have no problems with current liquidity and are ready to provide additional credit facilities to the real sector. Chairman of the National Bank of Belarus Pavel Kallaur made a statement to this effect following President Lukashenko’s meeting with the government to discuss support measures the banking system could provide for the real economy sector.
“The National Bank supports the liquidity of the banking system. We have no problems with the current liquidity. We are ready to open additional credit lines if necessary,” BelTA reports citing Kallaur as saying.
According to him, in the current difficult conditions, the banking system supports the real sector by reducing its profitability, among other things. "Banks’ profit has decreased by 15% year on year. The share of non-performing loans is on the rise. But it will not exceed 7% by the end of the year (the limit is 10%). So we are within the limits of what is allowed, for fear of disturbing the stability of the banking system,” said Kallaur.
Banks will continue supporting individuals and corporations by prolonging their loans, said Kallaur. In his words, about 7,000 applications for loan prolongation have been submitted, including some 4,000 from natural persons.
In his words, more often than not Belarusian enterprises contact banks with requests to restructure their debts or to borrow money to pay salaries. A special group led by Deputy Head of the Belarus President Administration Dmitri Krutoy has been set up to assist with the resolution of these issues. “Problems are certainly encountered because some companies do not have a very stable financial footing. But upon the authorization of the head of state government guarantees to the tune of Br1.2 billion have been appropriated. Problems of insolvent enterprises are resolved using these guarantees,” Kallaur explained. End