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24 October 2022, 14:13

Belarus' central bank chief: Solvent companies have no problems with getting loans

MINSK, 24 October (BelTA) – The economy is demonstrating positive trends: the effective demand in Belarusian rubles is met by the banking system, and the amount of loans in foreign currency is reducing, Chairman of the Board of the National Bank of Belarus Pavel Kallaur told journalists after delivering a report to Belarusian President Aleksandr Lukashenko on 24 October, BelTA has learned.

According to him, the accessibility of loans for the real sector of the economy is constantly on the agenda of the government and the National Bank. This matter was also raised at the meeting with the head of state.

Having faced a difficult situation, the banking system had to address two major tasks: to adapt to the new environment, to maintain stability and to support the real sector of the economy, including by maintaining the accessibility of loans. An equally important task was to support foreign trade and domestic transactions.

“Where are we now? This year, the economy is posting a positive balance of payments. Over nine months, domestic enterprises received $2.1 billion in revenue and used some of it to pay off foreign debts and to service foreign currency loans taken from Belarusian banks. The real sector of the economy posted about Br12.5 billion in net profit, which is pretty good. And this also helped enterprises to resolve their problems on their own. Thus, we have such a positive situation when effective demand, especially in Belarusian rubles, is met by the banking system. And foreign currency loans have decreased, which, in fact, is very encouraging,” the head of the National Bank said.

“Solvent enterprises have no problems with getting access to loans,” he added.

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