Belgazprombank’s profit down 36.8% in Jan-Jun 2020 to Br18.908m
<p> MINSK, Jul 6 - PrimePress. Belarusian Belgazprombank OJSC reports a 36.8% year-on-year decrease in its profit in January-June 2020 to Br18.908 million ($7.8 million at the rate of the National Bank of Belarus). </p> <p> </p> <p> Belgazprombank’s net interest income was up 8.9% on the year in Jan-Jun 2020 to Br86.978 million ($35.9 million). Its net fees and commission increased 10.9% to Br40.453 million ($16.7 million); net income from operations with foreign exchange – up 80% to Br20.269 million ($8.4m); net income from operations with securities – up 170% to Br3.336 million ($1.4m). </p> <p> </p> <p> Belgazprombank’s total assets decreased in Jan-Jun 2020 by 8.5% year on year to Br4.55 billion ($1.88bn). Loans to customers reduced by 2.5% to Br2.677 billion ($1.1bn); assets in securities – by 6.7% to Br1.177 billion ($486.1m); funds in other banks – by 71.4% to Br47.603 million ($19.7m); funds in the National Bank of Belarus – by 39% to Br300.679 million ($124.2m). </p> <p> </p> <p> Belgazprombank’s liabilities were down 9.1% yoy in Jan-Jun 2020 to Br3.841 billion ($1.59bn); customer’s deposits – down 26.5% to Br2.284 billion ($943.3bn); funds of other banks – up 27.3% to Br1.162 billion ($479.9m); funds of the National – up 79% to Br215 million ($88.8m). </p> <p> </p> <p> Shareholders’ equity reduced in Jan-Jun 2020 by 5.5% yoy to Br709.485 million ($293m). The authorized capital of the bank has not changed, standing at Br348.161 million ($143.8m). </p> <p> </p> <p> Belgazprombank OJSC was established in 1990 as an authorized bank of Gazprom Group in Belarus. Russian Gazprom PJSC and Gazprombank JSC own 49.66% stake in Belgazprombank; Gazprom Transgaz Belarus – 0.49%; the Republic of Belarus represented by the Ministry of Energy of Belarus – 0.18%. Belgazprombank was assigned to the systemic significance Group I. </p> <p> </p> <p> As reported, the interim administration was appointed to Belgazprombank on June 15, 2020 by resolution No.192 of the National Bank of Belarus of June 14, 2020. The Financial Investigations Department of the State Control Committee of Belarus searched the bank’s office on June 11 in the criminal case of tax evasion and detained 20 persons, including, according to some sources, two deputy chairs of the board. Primary shareholders (Russian Gazprom and Gazprombank) called the actions of the National Bank and Belarus’ law enforcement illegal and refused to cooperate with the interim administration. For two decades, Belgazprombank was headed by Viktor Babariko, who runs for president in the election scheduled for August 9. Babariko was detained on June 18. He said that no complaints had been filed against the bank and related companies. He believes the actions of the authorities are politically motivated. End (Br2.4214/$1) </p>
2020-07-07
Primepress
Belgazprombank’s profit down 36.8% in Jan-Jun 2020 to Br18.908m
MINSK, Jul 6 - PrimePress. Belarusian Belgazprombank OJSC reports a 36.8% year-on-year decrease in its profit in January-June 2020 to Br18.908 million ($7.8 million at the rate of the National Bank of Belarus).
Belgazprombank’s net interest income was up 8.9% on the year in Jan-Jun 2020 to Br86.978 million ($35.9 million). Its net fees and commission increased 10.9% to Br40.453 million ($16.7 million); net income from operations with foreign exchange – up 80% to Br20.269 million ($8.4m); net income from operations with securities – up 170% to Br3.336 million ($1.4m).
Belgazprombank’s total assets decreased in Jan-Jun 2020 by 8.5% year on year to Br4.55 billion ($1.88bn). Loans to customers reduced by 2.5% to Br2.677 billion ($1.1bn); assets in securities – by 6.7% to Br1.177 billion ($486.1m); funds in other banks – by 71.4% to Br47.603 million ($19.7m); funds in the National Bank of Belarus – by 39% to Br300.679 million ($124.2m).
Belgazprombank’s liabilities were down 9.1% yoy in Jan-Jun 2020 to Br3.841 billion ($1.59bn); customer’s deposits – down 26.5% to Br2.284 billion ($943.3bn); funds of other banks – up 27.3% to Br1.162 billion ($479.9m); funds of the National – up 79% to Br215 million ($88.8m).
Shareholders’ equity reduced in Jan-Jun 2020 by 5.5% yoy to Br709.485 million ($293m). The authorized capital of the bank has not changed, standing at Br348.161 million ($143.8m).
Belgazprombank OJSC was established in 1990 as an authorized bank of Gazprom Group in Belarus. Russian Gazprom PJSC and Gazprombank JSC own 49.66% stake in Belgazprombank; Gazprom Transgaz Belarus – 0.49%; the Republic of Belarus represented by the Ministry of Energy of Belarus – 0.18%. Belgazprombank was assigned to the systemic significance Group I.
As reported, the interim administration was appointed to Belgazprombank on June 15, 2020 by resolution No.192 of the National Bank of Belarus of June 14, 2020. The Financial Investigations Department of the State Control Committee of Belarus searched the bank’s office on June 11 in the criminal case of tax evasion and detained 20 persons, including, according to some sources, two deputy chairs of the board. Primary shareholders (Russian Gazprom and Gazprombank) called the actions of the National Bank and Belarus’ law enforcement illegal and refused to cooperate with the interim administration. For two decades, Belgazprombank was headed by Viktor Babariko, who runs for president in the election scheduled for August 9. Babariko was detained on June 18. He said that no complaints had been filed against the bank and related companies. He believes the actions of the authorities are politically motivated. End (Br2.4214/$1)