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Tuesday, March 28, 2017

National Bank of Belarus releases 2013 financial statements

Belarusian President Alexander Lukashenko approved a report on Monday by the National Bank of Belarus for 2013.

The annual documentation provides data on the performance and financial statements of the central bank, BelTA reports.

The results showed a significant slowdown in inflation, stability of the national currency exchange rate and timely repayment of external and domestic loan obligations. The report also found that the banking sector was stable for the year.

As of Jan.1, the aggregate registered authorized fund of banks grew by 6.6 percent, or $199.1 billion, to reach $3.16 trillion. Banking sector assets as of that date increased by 23 percent, according to BelTA.

The report gives information on the the Belarusian central bank's operations in 2013, including its balance sheet, profit and loss account and use of funds. The authenticity of the documents was confirmed by international auditing firm Ernst & Young.