Belarus’ banks report sharp decrease in profits in January-February

April 3, BPN. The total profit of Belarus-based banks dropped from almost 3 billion rubels (over $1 billion) on January 1 to 417.4 million rubels (about $149 million) on March 1, the National Bank’s recent report says.

Banks’ rubel assets grew by four percent to 57.5 billion rubels, while dollar assets fell by 4.46 percent to $17,1 billion.

The total authorized capital of the Belarusian banks rose by 3.77 percent to 18.2 billion rubels.

Twenty-two banks were registered in Belarus on March 1, with Delta Bank currently facing liquidation.