On May 1, 2021, gold and foreign exchange reserves of the Republic of Belarus totaled USD7.3 billion (Press release)

Source: National Bank of the Republic of Belarus in English

As of May 1, 2021, the volume of international reserve assets of the Republic of Belarus according to the preliminary data accounted for USD7,277.9 million in the equivalent.
In April 2021, gold and foreign exchange reserves increased by USD337.9 million (by 4.9%) after a decline in March by USD174.5 million (by 2.5%).
The purchase of foreign exchange by the National Bank at the JSC “Belarusian Currency and Stock Exchange”, the increase in the cost of monetary gold, as well as the receipt of funds in foreign exchange to the budget were conductive to the growth of the level of gold and foreign exchange reserves in April.
In April 2021, the Government fulfilled foreign and domestic obligations in foreign exchange for the total amount of USD105 million.
According to Monetary Policy Guidelines for 2021, the volume of international reserve assets as of January 1, 2022 should be at least USD6.0 billion.

MIL OSI

Official average exchange rate of the Belarusian ruble against foreign currencies, April 2021

Source: National Bank of the Republic of Belarus in English

Exchange rate indices of the belarusian ruble against foreign currencies (calculated as the geometric mean)

Period
Official average exchange rate of the Belarusian ruble
to US Dollar
to Euro
to 100 Russian Rubles
January
2.5669
3.1249
3.4617
February
2.6036
3.1498
3.4994
January – February
2.5852
3.1373
3.4805
March
2.6083
3.1104
3.5068
January – March
2.5929
3.1283
3.4892
April
2.6122
3.1185
3.4316
January – April
2.5977
3.1259
3.4747

Exchange rate indices of the belarusian ruble against foreign currencies (calculated as the arithmetical mean)

Period
Official average exchange rate of the Belarusian ruble
to US Dollar
to Euro
to 100 Russian Rubles
January
2.5697
3.1348
3.4640
February
2.6036
3.1489
3.5002
January – February
2.5858
3.1415
3.4811
March
2.6080
3.1086
3.5056
January – March
2.5935
3.1301
3.4896
April
2.6121
3.1174
3.4335
January – April
2.5981
3.1269
3.4756

Methodological comments:
Methodological comments to calculation of indicators are given in section 7 “Methodological notes to the tables of the Bulletin of Banking Statistics.

MIL OSI

Main performance indices and participants of the Belarus interbank settlement system, January-April 2021

Source: National Bank of the Republic of Belarus in English

Indices
January-April 2020
January-April 2021
Deviation
(clm.3–clm.2)
(clm.3/clm.2)*100-100, %
1
2
3
4
5
1. Effected payment instructions
 
 
 
 
1.1. By number, thou units
26,464.0
26,972.0
508.0
1.9
1.2. By value, mln rubles BYN
290,698.3
237,712.1
-52,986.2
-18.2
2. Average daily turnover
 
 
 
 
2.1. By number, thou units
318.8
325.0
6.1
1.9
2.2. By value, mln rubles BYN
3,502.4
2,864.0
-638.4
-18.2
3. Average size of payment instruction, thousand rubles BYN
11.0
8.8
-2.2
-19.8
4. Canceled payment instructions
 
 
 
 
4.1. By number, units
0
0
0.00
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
4.2. By value, thousand rubles BYN
0.0
0.0
0.0
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
5. Сoefficient of accessibility*,%
100.00
100.00
X
X

Indices
January-December, 2019
January-December, 2020
Deviation
(clm.3–clm.2)
(clm.3/clm.2)*100-100, %
1
2
3
4
5
1. Effected payment instructions
 
 
 
 
1.1. By number, thou units
82,273.8
82,145.4
-128.4
-0.2
1.2. By value, mln rubles BYN
764,063.2
801,029.4
36,966.3
4.8
2. Average daily turnover
 
 
 
 
2.1. By number, thou units
326.5
322.1
-4.3
-1.3
2.2. By value, mln rubles BYN
3,032.0
3,141.3
109.3
3.6
3. Average size of payment instruction, thousand rubles BYN
9.3
9.8
0.5
5.0
4. Canceled payment instructions
 
 
 
 
4.1. By number, units
0
0
0.00
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
4.2. By value, thousand rubles BYN
0.0
0.0
0.0
X
% of the total amount conducted payment instructions
0.000
0.000
 
 
5. Сoefficient of accessibility*,%
100.00
100.00
X
X

* This indicator shows the ASIS’s (Automated System of Interbank Settlements) readiness to carry out interbank settlements, including the acceptance, processing, and transfer of electronic payment documents during the time stipulated by the timetable for the BISS acceptance and processing of electronic payment documents and electronic messages from the participants of the BISS.

MIL OSI

Estimated values of standard risk on the instruments of the credit and deposit market for May 2021 were published

Source: National Bank of the Republic of Belarus in English

Since March 1, 2019, the National Bank put in place a set of measures of macroprudential nature designed to limit systemic risks generated by the business models of banks with high appetite for risk.
The basis of this system is formed by the approach, according to which the strengthened regulatory requirements in the area of capital adequacy, build-up of special provisions to cover potential losses and allocation of the required reserves fund are applied. An excess of the interest rates on new deposits, credits and issued bonds set by banks over the corresponding estimated values of standard risk (hereinafter – the “EVSR”) is used as an indicator of the increased level of risk of the business models implemented by banks.
The EVSR are calculated by the National Bank at least once in three months on the basis of average interest rates established by the systemically important banks of Group I over the month preceding the calculation month, in terms of six financial instruments of the credit and deposit market in the national currency:
new term revocable bank deposits of natural persons;
new term irrevocable bank deposits of natural persons (placed for the period from 1 to 6 months (inclusively); from 6 months to 1 year (inclusively); and over 1 year); and
new credits issued to natural and legal persons (excluding credits issued on preferential terms by the decisions of the President and Government of the Republic of Belarus, at the expense of the funds of republican government agencies and local executive and regulatory authorities).
The algorithm of the EVSR calculation is based on the arithmetic average and the degree of variation of interest rates taken into account.
The EVSR for new term bank deposits is calculated on the basis of data on average interest rates on natural persons’ new term bank deposits and used for new term bank deposits of both natural and legal persons.
According to the decision of the Board of the National Bank, since March 1, 2020 till December 31, 2020, the EVSR are on the new term banking deposits of natural and legal persons are not established and are not applied for the new term banking deposits of natural and legal persons, banks’ bonds of the new issues denominated in the Belarusian ruble.
“Average interest rate over the period of using a new credit” indicator is used when EVSR are applied for the new credits provided to natural and legal persons (excluding credits issued on preferential terms by the decisions of the President and Government of the Republic of Belarus, at the expense of the funds of republican government agencies and local executive and regulatory authorities).
Table – Values of Estimated Standard Risk, % per annum

List of indicators
Value, % per annum
March 2019
April 2019
May 2019
June 2019
July 2019
August 2019
September 2019
October 2019
November 2019
December 2019
January 2020
February 2020
March – April 2020
May 2020
June 2020
July 2020
August 2020
September 2020
October 2020
November 2020
December 2020
January 2021
February 2021
March 2021
April 2021
May 2021

EVSR for new term revocable bank deposits of natural and legal persons

7.79
7.97
7.91
7.79
7.60
7.45
7.22
7.19
7.05
6.84
6.65
6.21













EVSR for new term irrevocable bank deposits of natural and legal persons placed for the period from 1 to 6 months (inclusively)

9.67
9.79
10.06
9.86
9.69
9.67
9.61
9.72
9.80
9.69
9.66
9.22













EVSR for new term irrevocable bank deposits of natural and legal persons placed for the period from 6 months to 1 year (inclusively)

10.59
10.65
10.96
10.84
10.71
10.72
10.66
10.63
10.56
10.59
10.39
9.95













EVSR for new term irrevocable bank deposits of natural and legal persons placed for the period from over 1 year

12.66
12.74
12.94
12.98
12.93
12.94
12.88
12.87
12.70
12.66
12.51
12.05













EVSR for new credits issued to legal persons (excluding preferential ones)

11.87
11.99
12.04
12.00
11.84
11.84
11.77
11.75
11.73
11.65
11.56
11.48
12.46
12.45
12.03
11.88
11.77
11.74
11.74
11.74
11.76
11.76
11.76
12.90
13.29
13.43

EVSR for new credits issued to natural persons (excluding preferential ones)

15.41
15.49
15.55
15.36
14.59
14.50
13.81
13.70
13.18
12.89
12.47
12.32
14.19
14.09
13.61
13.51
13.50
13.35
13.35
13.35
13.33
13.33
13.33
14.69
16.37
17.13

MIL OSI

The refinancing rate will be increased to 8.5% per annum on April 21, 2021 (Press release)

Source: National Bank of the Republic of Belarus in English

On April 21, 2021, the refinancing rate will total 8.5% per annum; the overnight credit rate – 9.5% per annum; and the overnight deposit rate – 7.5% per annum.
Corresponding decisions were taken by the Board of the National Bank of the Republic of Belarus based on the results of the meeting on the monetary policy held on April 14, 2021, with account of the complex of external and internal factors influencing the current and future dynamics of consumer prices.
At the end of 2020, the inflationary processes accelerated, that was caused by the pass-through of the occurred depreciation of the Belarusian ruble into prices, as well as the shocks of supply in the markets of certain foodstuffs.
At early 2021, inflation continued to accelerate under the impact of further increase in global prices for foodstuffs, as well as for the imported non-foodstuffs, the consumer prices for which went up due to the increased logistical expenses and disruptions in supply due to pandemic.
An additional proinflationary impact in the Belarusian domestic market was generated due to abolishment of VAT privileges.
The above-mentioned factors, on the background of the accelerated inflation and its long-term deviation from the level of 5%, led to the increase in the inflationary expectations, that is confirmed by the results of the population survey and monitoring of enterprises. As a result, the list of goods and services of the consumer basket, the prices for which started to grow at higher rates, expanded. At the end of March 2021, the increase in consumer prices totaled 8.5% per annum.
With a view to curbing inflation, the National Bank took a set of measures within the monetary targeting regime designed to strengthen control of money supply.
In the global economy an excessive inflationary background is expected in the near future, that is underpinned by the conduct of a stimulating monetary policy by a number of industrialized countries. A high inflation is also expected in the countries being main trade partners of Belarus. Thus, according to the forecasts of the Bank of Russia, the growth of consumer prices in the Russian Federation will slow down up to the benchmarks no earlier than in 2022 H2.
At the same time, a more crucial impact on inflation in Belarus may be made by the shocks of the prices on foodstuffs, as well as by the consequences of pandemic with regard to an increase in the prices on imported non-foodstuff goods.
In aggregate, the above-mentioned factors set preconditions for a long-term preservation of heightened inflationary expectations of the economic agents, increasing thereby the risks of continuation of excessive inflation in future.
At the same time, a weak consumer and investment domestic demand will curb inflation to a certain degree.
Under these conditions, the Board of the National Bank took a decision to increase the refinancing rate by 75 basic points for the purpose of limiting proinflationary risks and strengthening control of money supply.
With account of the impact of all factors, a decline in the quarterly rates of the consumer prices growth is forecasted since 2021 Q2 already. At the same time, the previously occurred acceleration will be reflected in annual inflation till the end of the current year. It is expected that the annual growth rate of prices will increase in Q2 compared with the current value and subsequently decline at the year-end. In December 2021, the increase in consumer prices is evaluated at about 7%.
In future, annual inflation will continue to slow-down and since 2022 Q2 is evaluated at the level of the medium-term target – close to 5%.
When the monetary policy issues are considered, the Board of the National Bank will continue to proceed from the need to maintain price stability. The decisions being taken will be based on the comprehensive analysis of external and domestic factors having regard to the duration of their impact and possible spillover effects, as well as on the assessment of inflationary risks.

MIL OSI

International reserves and foreign currency liquidity of the Republic of Belarus as of April 1, 2021

Source: National Bank of the Republic of Belarus in English

USD mln
I. Official reserve assets and other foreign currency assets (approximate market value)
7,075.0
A. Official reserve assets
6,940.0
1. Foreign currency reserves (in convertible foreign currencies)
2,833.8
a. Securities
746.1
of which: issuer headquartered in reporting country but located abroad
0.0
b. Total currency and deposits
2,087.7
(i) other national central bank, BIS and IMF
172.1
(ii) bank headquatered in the reporting country
0.0
of which: located abroad
0.0
(iii) bank headquatered outside the reporting country
1,915.6
of which: located in the reporting country
0.0
2. IMF reserve position
0.0
3. SDRs
528.6
4. Gold (including gold deposits)
2,719.5
– volume in millions of fine troy ounces
1.6
5. Other reserve assets (specify)
858.2
– financial derivatives
0.0
– loans to nonbank nonresidents
0.0
– externally managed assets
0.0
– repo assets
857.7
– other
0.5
B. Other foreign currency assets not included in official reserve assets (specify)*
134.9
– securities
0.0
– deposits
134.9
– loans
0.0
– financial derivatives
0.0
– gold
0.0
– other
0.0
II. Predetermined short-term net drains on foreign currency assets (nominal value)

Total
Maturity breakdown(residual maturity)
up to 1 month
more than 1 and up to 3 month
more than 3 month and up to 1 year
1. Foreign currency loans, securities, and deposits
-3,300.1
-502.8
-368.2
-2,429.1
Outflows (–)
-3,387.7
-554.3
-375.3
-2,458.1
Principal
-2,447.9
-518.9
-266.2
-1,662.8
Interest
-939.8
-35.3
-109.0
-795.4
Inflows (+)**
87.6
51.5
7.1
29.1
Principal
51.9
43.0
2.1
6.9
Interest
35.7
8.5
4.9
22.2
2. Aggregate short and long positions in forwardsand futures in foreign currencies vis-à-visthe domestic currency (including the forward legof currency swaps)
0.0
0.0
0.0
0.0
a. Short positions (–)
0.0
0.0
0.0
0.0
b. Long positions (+)
0.0
0.0
0.0
0.0
3. Other (specify)
0.0
0.0
0.0
0.0
II. Contingent short-term net drains on foreign currency assets (nominal value)

Total
Maturity breakdown(residual maturity, where applicable)
up to 1 month
more than 1 and up to 3 month
more than 3 month and up to 1 year
1. Contingent liabilities in foreign currency
-1,101.5
-774.9
-37.1
-289.5
1.1. Collateral guarantees on debt falling due within 1 year
-340.8
-14.2
-37.1
-289.5
1.2. Other contingent liabilities
-760.7
-760.7
0.0
0.0
2. Foreign currency securities issuedwith embedded options (puttable bonds)
0.0
0.0
0.0
0.0
3. Undrawn, unconditional credit lines provided by:***
0.0
0.0
0.0
0.0
3.1. Other national monetary authorities, BIS, IMF,and other international organizations
0.0
0.0
0.0
0.0
other national monetary authorities (+)
0.0
0.0
0.0
0.0
BIS (+)
0.0
0.0
0.0
0.0
IMF (+)
0.0
0.0
0.0
0.0
other international organizations (+)
0.0
0.0
0.0
0.0
3.2. With banks and other financial institutions headquartered in the reporting country (+)
0.0
0.0
0.0
0.0
3.3. With banks and other financial institutions headquartered outside the reporting country (+)
0.0
0.0
0.0
0.0
4. Undrawn, unconditional credit lines provided to:
0.0
0.0
0.0
0.0
3.1. Other national monetary authorities, BIS, IMF,and other international organizations
0.0
0.0
0.0
0.0
other national monetary authorities (+)
0.0
0.0
0.0
0.0
BIS (+)
0.0
0.0
0.0
0.0
IMF (+)
0.0
0.0
0.0
0.0
other international organizations (+)
0.0
0.0
0.0
0.0
3.2. With banks and other financial institutions headquartered in the reporting country (+)
0.0
0.0
0.0
0.0
3.3. With banks and other financial institutions headquartered outside the reporting country (+)
0.0
0.0
0.0
0.0
5. Aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency
0.0
0.0
0.0
0.0
a. Short positions
0.0
0.0
0.0
0.0
Bought puts
0.0
0.0
0.0
0.0
Written calls
0.0
0.0
0.0
0.0
b. Long positions
0.0
0.0
0.0
0.0
Bought calls
0.0
0.0
0.0
0.0
Written puts
0.0
0.0
0.0
0.0
IV. Memo items
1. To be reported with standard periodicity and timeliness:
1.1. Short–term domestic currency debt indexed to the exchange rate
0.0
1.2. Financial instruments denominated in foreign currency and settled by other means(e.g., in domestic currency)
0.0
derivatives (forwards, futures, or options contracts)
0.0
short positions
0.0
long positions
0.0
other instruments
0.0
1.3. Pledged assets
0.0
included in reserve assets
0.0
included in other foreign currency assets
0.0
1.4. Securities lent and on repo
857.7
lent or repoed and included in Section I
0.0
lent or repoed but not included in Section I
0.0
borrowed or acquired and included in Section I
0.0
borrowed or acquired but not included in Section I
857.7
1.5. Financial derivative assets (net, marked to market)
0.0
– forvards
0.0
– futures
0.0
– swaps
0.0
– options
0.0
– other
0.0
1.6. Derivatives (forward, futures, or options contracts) that have a residual maturitygreater than one year
0.0
– aggregate short and long positions in forwards and futures in foreign currencies vis-à-vis the domestic currency (including the forward leg of currency swaps)
(a) Short positions
0.0
(b) Long positions
0.0
– aggregate short and long positions of options in foreign currencies vis-à-vis the domestic currency
a. Short positions
0.0
Bought puts
0.0
Written calls
0.0
b. Long positions
0.0
Bought calls
0.0
Written puts
0.0
2. To be disclosed less frequently (data is presented at the end of the quarter):
2.1. Currency composition of reserves (by groups of currencies)
Foreign currency reserves, total
6,940.0
– currencies in SDR basket
6,935.0
currencies not in SDR basket
5.0

* Liquid assets (foreign currency and monetary gold) that don’t meet the investment grade of the rating scales Fitch Ratings, Standard and Poor’s and Moody’s Investor Service.
** Inflows of foreign currency include those relating to scheduled foreign currency obligations due to the authorities on outstandinf loans and securities that are not covered in Section I.
*** Item is used for reporting undrawn, unconditional credit lines only.

MIL OSI

Inflation Review. March 2021

Source: National Bank of the Republic of Belarus in English

In March 2021, annual growth in consumer prices totaled 8.5 percent.
Relative to February 2021, consumer prices in March 2021 increased by 0.7 percent.

Growth of consumer prices(% to the corresponding month of the previous year)

Consumer prices dynamics(on a year-on-year basis)

Core inflation(% to the corresponding month of the previous year)

Regulated prices and tariffs(% to the corresponding month of the previous year)

Seasonal prices (for fruits and vegetables)(% to the corresponding month of the previous year)

Trend inflation(% to the corresponding month of the previous year)

Overall characteristics of change in consumer prices

Dynamics of consumer prices,to the corresponding month of the previous year

Dynamics of the CPI componentsdispersion on the basis of their annual growth rates

Maximum and minimum growth rates of the unregulated prices and tariffs in March 2021 in the annual terms

*excl. regulated ones

Maximum and minimum growth rates of the regulated prices and tariffs in March 2021 in the annual terms

Source: the National Bank’s calculations based on the National Statistical Committee’s data.

Methodological explanations   Archive

MIL OSI

Insurance, Leasing, Other Financial Organizations and the Financial Sector Surveys as of January 1, 2021

Source: National Bank of the Republic of Belarus in English

Indicators
01/01/2020
01/04/2020
01/07/2020
01/10/2020
01/01/2021
Net foreign assets
4.0
4.2
9.4
13.3
17.1
Claims on nonresidents
27.1
47.4
45.7
47.6
43.6

Foreign currency

0.0
0.0
0.0
0.0
0.0

Deposits

0.0
0.0
0.0
0.0
0.0

Securities other than shares

0.0
0.0
0.0
0.0
0.0

Loans

0.0
0.0
0.0
0.0
0.0

Other

27.1
47.4
45.7
47.6
43.6
Liabilities to nonresidents
23.1
43.2
36.3
34.3
26.5

Deposits

0.0
0.0
0.0
0.0
0.0

Loans

3.2
4.0
3.7
4.3
4.4

Other

19.9
39.3
32.6
30.0
22.1
Net claims on general government
1,246.1
1,340.6
1,234.3
1,264.3
1,267.6
Claims on general government
1,269.7
1,414.3
1,319.7
1,414.7
1,319.6

Securities other than shares

1,269.7
1,414.3
1,319.7
1,414.7
1,319.6

Other loans

0.0
0.0
0.0
0.0
0.0
Liabilities to general government
23.6
73.7
85.4
150.4
52.0

Deposits

0.0
0.0
0.0
0.0
0.0

Other deposits

23.6
73.7
85.4
150.4
52.0
Claims on depository corporations
1,286.2
1,407.9
1,423.8
1,569.0
1,691.6

Сurrency

0.1
0.2
0.2
0.3
0.1

Deposits

1,075.8
1,180.5
1,167.1
1,230.1
1,226.0

Other claims

210.2
227.2
256.5
338.6
465.4
Claims on other sectors
138.7
140.7
139.7
205.1
183.5

Claims on public nonfinancial corporations

0.0
0.0
0.0
0.0
0.0

Claims on other nonfinancial corporations

138.7
140.7
139.7
205.1
183.5

Claims on other resident sectors

0.0
0.0
0.0
0.0
0.0
Loans
4.5
2.9
2.6
1.5
2.3
Insurance technical reserves
2,035.7
2,353.4
2,320.8
2,486.6
2,597.3

Net equity of households in life insurance reserves

683.1
796.2
803.7
887.2
922.8

Prepaid premiums/reserves against outstanding claims

1,352.6
1,557.3
1,517.0
1,599.4
1,674.5
Shares and other equity
1,673.2
1,730.8
1,804.0
1,887.5
1,883.0
Other items (net)
-1,038.5
-1,193.8
-1,320.2
-1,323.9
-1,322.9

Methodological comments:
Methodological comments to calculation of indicators are given in section 7 “Methodological notes to the tables” of the Bulletin of Banking Statistics.

MIL OSI

Surveys of the National bank, other depository and depository organizations as of April 1, 2021

Source: National Bank of the Republic of Belarus in English

Indicators
01/01/2020
01/01/2021
01/02/2021
01/03/2021
01/04/2021
Net foreign assets
18,542.3
18,774.7
17,851.8
17,189.7
16,935.6
Claims on nonresidents
20,632.4
20,886.6
19,752.7
19,083.9
18,795.1

Monetary gold*

6,004.0
8,957.7
8,995.0
8,438.5
8,279.3

Foreign currency

94.5
24.9
25.0
25.0
24.6

Deposits

11,949.4
7,389.2
6,175.2
5,585.7
6,234.0

Securities other than shares

493.7
2,031.9
2,069.9
1,975.5
1,957.8

Loans

2,090.8
2,483.0
2,487.5
3,059.0
2,299.3

Other

0.0
0.0
0.0
0.1
0.0
Liabilities to nonresidents
2,090.1
2,112.0
1,901.0
1,894.2
1,859.5

Deposits

127.0
92.9
67.5
70.4
56.2

Loans

891.2
649.2
439.9
437.8
425.6

Securities other than shares

0.0
0.0
0.0
0.0
0.0

Other**

1,071.9
1,369.8
1,393.5
1,386.0
1,377.7
Net claims on general government
-13,781.7
-14,217.9
-13,881.8
-13,501.1
-13,040.9
Claims on general government
305.6
269.2
269.2
269.2
269.2

Securities other than shares

305.6
269.2
269.2
269.2
269.2

Other claims

0.0
0.0
0.0
0.0
0.0
Liabilities to general government
14,087.3
14,487.2
14,151.0
13,770.4
13,310.2

Deposits

14,087.2
14,487.1
14,150.5
13,769.8
13,309.6

Other liabilities

0.0
0.0
0.5
0.5
0.6
Claims on other depository corporations
190.0
2,209.2
2,604.2
2,437.1
2,218.5
Claims on other sectors
1,308.1
1,233.6
1,218.7
1,218.3
1,203.1

Claims on other financial organizations

1,151.6
1,074.7
1,058.5
1,058.1
1,042.9

Claims on public nonfinancial organizations

149.5
151.3
151.3
151.4
151.3

Claims on other nonfinancial organizations

6.4
7.1
8.0
8.5
8.5

Claims on natural persons

0.6
0.4
0.9
0.4
0.4
Monetary base
9,431.3
11,478.0
11,413.6
11,436.3
11,521.9

Cash in circulation

3,708.3
4,124.0
4,106.6
4,210.5
4,140.0

Cash in other depository corporations’ offices

985.4
1,086.0
973.8
1,016.8
891.1

Required reserves

4,525.2
5,507.3
5,872.9
5,389.4
5,366.3

Other depository corporations’ deposits

208.4
663.2
452.9
804.5
1,119.3

Other sectors’ deposits

4.0
97.4
7.4
15.1
5.1

Securities other than shares included in Broad money

0.0
0.0
0.0
0.0
0.0
Other liabilities to other depository corporations
3,126.2
0.3
24.9
50.4
80.9

Deposits

2,219.9
0.0
19.5
43.0
74.0

Financial derivatives

0.0
0.0
0.0
0.0
0.0

Other

906.3
0.3
5.4
7.4
6.9
Securities other than shares excluded from monetary base and included in broad money
0.0
0.0
0.0
0.0
0.0
Deposits excluded from monetary base and broad money
1,490.1
1,953.9
2,003.5
1,990.5
1,996.3
Securities other than shares excluded from monetary base and broad money
297.5
55.9
67.2
67.0
67.0
Shares and other equity
-7,879.5
-5,425.6
-5,444.2
-5,914.4
-6,070.5
Other items (net)
-207.1
-62.9
-272.0
-285.9
-279.3

Other liabilities

7,621.7
8,837.4
8,478.9
8,245.5
8,156.3

Other assets

7,828.7
8,900.3
8,751.0
8,531.4
8,435.6

* Since June 1, 2019, include holdings in the special drawing rights.
** Since June 1, 2019, include allocation of the special drawing rights.

Methodological comments to calculation of indicators are given in section 7 “Methodological notes to the tables” of the Bulletin of Banking Statistics.

MIL OSI

Interest rates on the credit and deposit market, March 2021

Source: National Bank of the Republic of Belarus in English

2020
January – December 2020
2021
January
February
March
June
January
February
March
A. Average interest rates in Belarusian rubles
1. On newly attracted bank deposits
legal persons*
demand
3.00
3.00
3.00
3.00
3.04
2.04
3.00
3.00
up to 1 year
6.79
6.51
7.00
8.20
10.25
11.89
10.57
9.98
over 1 year
7.55
6.90
7.37
9.24
9.55
13.71
10.67
12.04
natural persons
demand
0.76
0.77
0.71
0.43
0.79
0.40
0.30
0.52
up to 1 year
8.62
8.44
8.20
11.51
12.95
18.31
18.22
17.94
over 1 year
11.72
11.44
11.21
11.95
11.48
11.98
13.31
14.66
2. On banks’ newly extended credits
legal persons
up to 1 year
10.88
10.69
10.74
11.34
11.02
11.45
11.08
11.87
over 1 year
10.74
10.32
10.57
10.37
10.46
10.85
11.01
10.84
natural persons
up to 1 year
7.80
8.65
8.25
8.42
8.49
8.54
8.59
8.55
over 1 year
9.88
10.44
10.43
9.82
9.90
9.23
9.60
10.29
B. Average interest rates in foreign exchange
3. On newly attracted bank deposits
legal persons*
demand


0.07
0.05
0.06
0.05
0.05
0.05
up to 1 year
1.01
1.07
0.79
0.79
1.13
0.81
1.00
0.95
over 1 year
1.07
1.15
0.90
0.81
1.04
0.91
1.15
1.11
natural persons
demand
0.10
0.09
0.09
0.09
0.09
0.10
0.10
0.09
up to 1 year
0.34
0.33
0.27
0.46
0.61
1.08
1.01
1.00
over 1 year
1.24
1.11
0.96
1.57
1.47
1.99
1.95
1.95
4. On banks’ newly extended credits
legal persons
up to 1 year
3.58
3.54
3.88
4.21
4.12
5.42
6.14
5.67
over 1 year
4.20
4.59
4.46
4.94
4.83
5.07
5.54
5.32
natural persons
up to 1 year








over 1 year







Methodological comments:
Methodological comments to calculation of indicators are given in section 7 “Methodological notes to the tables of the Bulletin of Banking Statistics.
* By 2015 – legal persons and government agencies; from 2015 – legal persons.

MIL OSI