National Bank

National Bank warns of monetary policy tightening

  The National Bank of Belarus (NBB) on Wednesday announced its decision to tighten monetary policy in 2014 but said that it would continue securing high interest on rubel deposits.

National Bank economically encourages banks to lower rates on rubel deposits

  Banks in Belarus have lowered their rates on individuals’ rubel deposits to levels no higher than 45 percent per annum, while rates on rubel deposits for legal entities have fallen to 35 percent.

Advisory Council under aegis of National Bank discusses limits on lending to economy

  The Advisory Council under the aegis of the National Bank of Belarus (NBB) held a meeting in Minsk on October 16 to discuss measures to limit banks' lending to businesses.

Public invited to vote for logo, slogan of financial literacy campaign

  The National Bank of Belarus (NBB) has invited people to go to its website and vote for a logo and slogan of its campaign to increase the public's financial literacy.

Belarus had trade surplus of $369.2 million in first half of 2013, National Bank says

  Belarus had an export surplus of $369.2 million in foreign trade in goods and services in the first half of 2013, reported the National Bank.

Belarus does not plan to ask Anti-crisis Fund of Eurasian Economy Community for new loan, National Bank head says

At the same time Ms. Yermakova expressed hope that Belarus would receive the sixth, final tranche of the Anti-crisis Fund’s $3-billion stabilization loan before the end of the year...

National Bank drops plans to regulate closed-end leasing market

  The National Bank of Belarus (NBB) has abandoned plans to regulate the country's closed-end leasing market, Alyaksandr Tsybulka, head of an association of businesses operating in the industry, told reporters in Minsk on Thursday.

National Bank may lift its ban on foreign currency housing loans for individuals

The Council of Ministers is considering the possibility of lifting a ban on the issuance of foreign currency loans to individuals for the construction and purchase of housing...

Amended Banking Code has made National Bank more independent, official says

  The enactment of amendments to the Banking Code have made the National Bank of Belarus (NBB) somewhat more independent, NBB deputy head Mikalay Luzhin told reporters in Minsk on Tuesday.

National Bank pledges “minimal” role in exchange rate determination

The NBB dismissed the rumors as a provocation and “utter rubbish\"...

National Bank will not increase money supply to ensure meeting GDP growth target, Yermakova says

The National Bank of Belarus (NBB) will not increase the money supply to ensure meeting the GDP growth target for this year...

National Bank may raise refinance rate in November, head says

  The National Bank of Belarus (NBB) may increase its base refinance rate in November, head Nadzeya Yermakova told reporters in Minsk on October 18.

Former National Bank head Pyotr Prakapovich appointed presidential aide

Alyaksandr Lukashenka, by his August 17 edict, appointed Pyotr Prakapovich, a former head of the National Bank of Belarus, as presidential aide...

Global economic crisis may lead to unpredictable fluctuations in foreign currencies’ exchange rates in Belarus, says deputy head of National Bank

  The global economic crisis may lead to unpredictable fluctuations in foreign currencies’ exchange rates in Belarus, Syarhey Dubkow, deputy head of the National Bank, said in an interview posted on the Bank’s website on Tuesday.