The share of distressed assets at Belarusian banks has grown by 8% since early 2016 to 15% at the moment.
First Vice Chairman of the National Bank of Belarus (NBB) Taras Nadolny released these figures at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7 in Minsk.
Stress test analysis conducted by NBB specialists indicates that the share of distressed assets at Belarusian banks may drop further down at rough estimate by 2-3% to 20%, which is an acceptable level for Belarus’ banking system, said Nadolny. According to him, the country’s banking will remain stable even under such conditions.
The NBB plans to reduce directed lending by half by 2020 in comparison with the current level, Nadolny informed. (Prime-TASS/Business World Magazine)