News
03.04.2020

Viktar Ananich to clients and partners: Belarusbank maintains normal operations

Member of the Council of the Republic of the National Assembly, Chairman of the Board of Belarusbank Viktar Ananich has addressed the bank’s clients and partners. In his words, the bank timely and fully fulfills all of its obligations to clients and foreign lenders.

“Belarusbank is constantly monitoring and reviewing the latest changes connected with the spread of COVID-19 (coronavirus) and the resulting volatility of global financial markets. The bank is taking comprehensive prevention actions aimed at the mitigation of the negative impact on itself and clients”, Viktar Ananich assured.  

Ананич

The country’s largest bank recognizes pandemic risks and their possible impact on the global and national economy.

As a bank of systemic importance for the economy of the Republic of Belarus, Belarusbank has pursued conservative credit policy, which enabled it to ensure the high quality of the loan portfolio.

According to projections, the bank’s NPL volume under IFRS is expected to be under 1.7% of the value at risk. The provisions are expected to exceed the volume of NPL 4.5-fold.

“The bank has enough BYN and FX liquidity to ensure the full and complete fulfillment of its obligations” Viktar Ananich emphasized.

The additional counter-cyclical actions taken by the regulator have strengthened the bank’s ability to maintain continuity of operations.

Belarusbank complies with safe functioning regulations established by the National Bank and tolerance for risk prescribed by the Supervisory Board. Extraordinary stress tests with various shock levels prove that the bank has an acceptable risk level and its safety factor is sufficient to overcome stressful situations.

Belarusbank CEO reaffirmed the bank’s adherence to the policy of full and timely fulfillment of obligations to clients both presently and in the years ahead.

The bank’s corporate and retail clients have at their disposal a full range of banking services with an option of remote interaction.

In addition, Belarusbank is taking actions aimed at the reduction of incidence and prevention of infectious and cold-related diseases among employees.

If you have noticed any discrepancy, please, highlight it and press Ctrl+Enter
Print