MINSK, 29 January (BelTA) – Trust in the national currency and the banking system is growing in Belarus, Chairman of the Board of the National Bank Roman Golovchenko said during a meeting of the Board of the National Bank, BelTA has learned.
“The banking system demonstrated resilience and successfully addressed the tasks set forth in the previous year. We ensured secure and steady operation of the national financial sector and payment market. The share of non-performing assets in banks’ credit-risk-exposed assets stands at an acceptable level of 2.2%. It is encouraging that this figure has decreased over the year. The regulatory capital adequacy ratio significantly exceeds the established minimum requirement - 19.3% versus 12.5%, respectively. The availability ratio of payment market participants’ automated systems is also within established norms. The banking system has provided substantial export support to domestic enterprises,” Roman Golovchenko said.
A stable situation has been maintained in the country's foreign exchange market. The net supply of foreign currency by market participants amounted to about $1.1 billion. “This also confirms the thesis about the growing level of trust in our national currency and in the banking system as a whole,” he noted.
“The requirements for the banking system have been set by the president of the country. We will strictly adhere to them. Accountability will be rigorously enforced, but naturally, on the principles of objectivity and fairness. Any failure in the system or violation within its components makes it more vulnerable to external influence. Therefore, our task is to promptly identify bottlenecks, uncover problems, and make necessary adjustments to the system. This will make our banking system even more resilient, adaptable, and ready for future challenges.” Roman Golovchenko said.
“The banking system demonstrated resilience and successfully addressed the tasks set forth in the previous year. We ensured secure and steady operation of the national financial sector and payment market. The share of non-performing assets in banks’ credit-risk-exposed assets stands at an acceptable level of 2.2%. It is encouraging that this figure has decreased over the year. The regulatory capital adequacy ratio significantly exceeds the established minimum requirement - 19.3% versus 12.5%, respectively. The availability ratio of payment market participants’ automated systems is also within established norms. The banking system has provided substantial export support to domestic enterprises,” Roman Golovchenko said.
A stable situation has been maintained in the country's foreign exchange market. The net supply of foreign currency by market participants amounted to about $1.1 billion. “This also confirms the thesis about the growing level of trust in our national currency and in the banking system as a whole,” he noted.
“The requirements for the banking system have been set by the president of the country. We will strictly adhere to them. Accountability will be rigorously enforced, but naturally, on the principles of objectivity and fairness. Any failure in the system or violation within its components makes it more vulnerable to external influence. Therefore, our task is to promptly identify bottlenecks, uncover problems, and make necessary adjustments to the system. This will make our banking system even more resilient, adaptable, and ready for future challenges.” Roman Golovchenko said.
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