MINSK, 27 September (BelTA) – The situation with troubled assets in Belarusian banks is under control, BelTA learned from Sergei Kalechits, Deputy Chairman of the Board of the National Bank of the Republic of Belarus, on 27 September.
The official stated that the IMF describes the state of affairs in the Belarusian financial sector as intense primarily due to the rising level of troubled assets in Belarusian banks — over 14%. “It was no surprise for us. We'd expected the situation considering the financial state of our main borrowers,” said Sergei Kalechits.
The official noted that the central bank and the government are working to fix the situation. Some of the efforts are meant to make the picture as transparent as possible and adequately assess risks, including potential ones, explained Sergei Kalechits.
Work with individual enterprises is in progress as well. “Certain decisions have been made, including to set up an asset management agency. The problem of debts of agricultural enterprises has been partially resolved. Other decisions were made and will be made. So the situation is completely under control,” assured Sergei Kalechits.
