S&P affirmed Belarusbanks long-and short-term credit ratings (press release)

S&P Global Ratings affirmed its B/B long- and short-term credit ratings of Belarusbank. The outlook is stable.

This assessment reflects the Bank's leading market position and the ongoing support from the Belarussian government due to the banks importance in providing banking services to the population and its key role in the economy. Belarusbanks business position is characterized as strong, funding structure is stable and diversified. According to S&P, Belarusbanks funding is assessed as above average compared to the general level of the banking sector of Belarus.

The affirmation of the short-and long-term credit ratings of Belarusbank serves as a vivid proof of the Banks transparency and openness of its activities. The fact that Belarusbank has a high level of financial solvency and is regarded as a reliable partner helps to attract investments to the economy of the Republic of Belarus.

Belarusbank press service

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