Belarus’ National Bank reviews banking system’s Q1 performance

An archive photo

MINSK, 5 April (BelTA) – In a conversation with journalists, Chairman of the Board of the National Bank of Belarus Roman Golovchenko shared preliminary results of the banking system’s performance in the first quarter of 2026, BelTA reports.

“We continue to see growth in long-term household deposits; the figure has increased by almost 10% so far this year. The exchange rate situation is stable. Our exchange rate policy provides a degree of support to exporters, especially for shipments to the Russian market. Meanwhile, the economy continues to dedollarize, deposits included. Our interest rate policy is being fine-tuned, but by and large, we are maintaining very favorable lending terms for both individuals and corporate entities. Demand for borrowing is on the rise. Of course, at the beginning of the year, growth rates are always a bit lower, but they pick up closer to the end of the year. But using our macroprudential tools, we are gently adjusting rates to make investment lending more attractive. So far, we are satisfied with the pace,” said Roman Golovchenko.

“The situation is quite stable and steady, and we are clearly moving in line with the guidelines of the Board of the National Bank,” concluded the head of the National Bank.

On 4 April, representatives of the National Bank worked on the territory of the Stolbtsy Forestry as part of the “Forest! Goodness! Order!” nationwide campaign. They planted 4,500 spruce and pine seedlings over an area of 1.2 hectares.