MINSK, 17 September (BelTA) – The portfolio of investment loans of the Development Bank of the Republic of Belarus (DBRB) rose by 12% in January-August 2018, BelTA learned from the bank.
In January-August 2018 the volume of the Development Bank's portfolio of investment loans went up by 12% to total Br4 billion as of 1 September.
In January-August, the Development Bank issued Br964.6 million worth of loans for investment purposes. Almost half of the loans (Br436.7 million) was earmarked to finance infrastructure projects, including to increase the Belavia fleet, to build the second runway at the Minsk National Airport, facilities for the 2nd European Games MINSK 2019 and highways of local importance. More than a third of the loans (Br347.3 million) was extended to finance the purchase of modern machinery and equipment under Decree No. 146 of the Republic of Belarus as of 2 April 2015.
In July 2018 the Development Bank started financing the reconstruction of the bridge over the Pripyat River. This year the DBRB is to issue Br44.4 million to fund this project.
