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MINSK, 13 February (BelTA) – The Development Bank of the Republic of Belarus plans to increase export financing by 15% in 2025. These plans were discussed at an extended meeting of the bank's board, BelTA learned from the press service of the Development Bank.
According to operational data, it was clear as early as December last year that the performance of the national development institute in 2024 would be record-breaking, and so it happened. “We always have to deal with very complex tasks and, perceiving this as a challenge, we successfully cope with them. Last year's results are a testimony to this. Together, we injected Br16 billion into the economy, which is an unprecedented amount, and our contribution to the gross domestic product was 6.5%. The country's leadership also has very high expectations of our work. Therefore, building on last year's record-breaking results and professional achievements, we need to make this year even more successful for the bank and our country,” said Chairman of the Board Sergei Stolyarchuk.
Deputy Chairman of the Board Konstantin Pankevich noted that the bank maintains a leading role in financing the economy compared to other elements of the banking system, and emphasized that all indicators were fulfilled. In 2025, the Development Bank will continue to actively facilitate the implementation of investment projects, including infrastructure projects, in all regions of the country. Special attention will be paid to commercial investment projects; in 2025 the amount of loans for these projects will increase by 20% over 2024. The bank will support the implementation of more than 60 such projects in manufacturing and agriculture.
As far as domestic exports are concerned, the bank will prioritize financing of non-resident companies and plans to issue more export loans. In addition, work will continue to expand the geography of financing and the use of interbank instruments. As a result, the export financing by the Development Bank is planned to increase by 15% compared to 2024. This year, the SME support infrastructure will be supplemented by new tools.
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