Photo courtesy of MART
MINSK, 15 January (BelTA) - The share of loans issued by banks for the purchase of domestically produced goods will reach 20% of the total consumer lending by the end of the five-year plan, First Deputy Chairman of the Board of the National Bank of Belarus Aleksandr Yegorov told the media ahead of a seminar-meeting of the House of Representatives focusing on the legal regulation, enforcement practice, and development prospects of public financial instruments, including consumer loans, microloans, and leasing, BelTA has learned.
According to Aleksandr Yegorov, the National Bank’s Board has approved the main monetary policy guidelines of the Republic of Belarus for 2026. There is a protocol of instructions following a meeting with the National Bank staff and bank leadership, which was convened by the head of state in September 2025.
“If we talk about loans for domestically produced goods, our target figure is 20% by the end of this five-year plan. For now, we are setting the task of increasing this share by approximately 2% annually. Accordingly, the target for 2026 is to reach approximately 12% and then gradually increase it further,” the first deputy chairman of the National Bank’s Board said.
According to him, systematic work was carried out in 2025 to increase the share of loans issued by banks for the purchase of domestically produced goods. This lending volume saw significant growth. “This growth is certainly supported by the extension of Council of Ministers Resolution No.992, which enables Belarusbank’s Domestic Goods credit product, and by the extension of the BELGEE auto financing program,” Aleksandr Yegorov added.
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