BELARUS NEWS AND ANALYSIS

DATE:

19/07/2006

Net assets of Belarussian banks grow 15% in H1

MINSK. July 19 (Interfax) - Total net assets at all Belarussian banks increased 14.8% year-on-year to 12.118 trillion Belarussian rubles in the first half of 2006, the National Bank of Belarus said in a statistical report.

The net assets of Belarussian banks grew 1% year-on-year in June compared to 3% in May.

Net profit at the banks soared 80% to 175 billion Belarussian rubles in the period.

There are currently 30 banks working in Belarus, including nine with 100% foreign capital.

The official exchange rate on July 19 was 2,149 Belarussian rubles/ $1.

Source:

http://www.interfax.ru/e/B/0/26.html?menu=2&id_issue=11556933