Belarusian Banks Face Deformation

The main reason for the non-standard situation has been named.

In Belarusian banks, credit rates for the population are decreasing, and deposit rates are decreasing. This is reported by the banki24.by.

According to the Belarusian National Bank, in November, short-term consumer loans were issued at 8.37% (previously 9.25%), and long-term loans at 10.32% (previously 10.44%).

At the same time, deposit rates have increased: for short-term loans to 9.67%, for long-term loans to 13.20%.

The main reason for the decrease in average loan rates is the expansion of preferential lending. Belarusbank is actively issuing loans at 4% for the purchase of domestic goods (380.3 million rubles have already been issued, more than 75,000 agreements have been concluded). The bank is also developing preferential car loans and real estate financing programs.

At the same time, market rates are significantly higher than average. The standard risk for loans for individuals is 17.71%, for legal entities - 12.5%. These figures have not changed for five months. Similar dynamics are observed in the corporate sector: a decrease in credit rates with an increase in deposit rates on long-term deposits.

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