OREANDA-NEWS. November 2, 2012. The total volume of credit resources provided by Belarusian banks under financial leasing programmes in January-August 2012 expanded 180% year on year to reach Br705 billion (USD 82.5 million), which makes 1.3% of the total volume of bank’s long-term credit portfolio (0.3% in Jan-Aug 2011).

The National Bank of Belarus released these figures in its analytical review “The Basic Trends in Belarus’ Economy and Money Crediting Sector”.

Banks’ credit portfolio shrank significantly year on year in January-August 2012 in view of rising credit interest rates, low availability of low-interest loans, restricted solvency of business entities.

With personal credits not taken into account, the total volume of credit resources invested in Belarus’ economy in January-August 2012 stands at Br43.2 trillion (USD 5.1 billion), 82.5% of the total credit portfolio.