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Golovchenko: Belarus is ready to finance viable projects at acceptable rates

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MINSK, 29 October (BelTA) – The Belarusian banking system is ready to provide loans at acceptable rates for any viable projects proposed by the real sector of the economy, Chairman of the Board of the National Bank of Belarus Roman Golovchenko told journalists following his report to the Belarusian president, BelTA has learned.

“Liquidity in the banking system is currently at a comfortable level. The resource base exceeds Br150 billion. The banking system is ready to finance virtually any viable projects at acceptable rates proposed by the real sector of the economy,” the head of Belarus’ National Bank stated.

He stated that investment lending is growing at a rapid pace. “This did not happen by itself. It is the targeted policy of the National Bank to stimulate investment lending. In January-September, we  issued Br4.5 billion in investment loans. This is almost 60% more than last year,” Roman Golovchenko noted.

He recalled that the National Bank had previously introduced a special regulatory norm (the standard risk calculation) specifically for investment lending to make it even more accessible and attractive. “This is designed to sustain bank lending for long-term investments and maintain borrower-friendly interest rates,” the head of the National Bank explained.

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