Belarusians Continue "raids" On Banks: National Bank Is Shocked

• 1.05.2025, 14:56

The regulator predicted a rise in prices and a fall in the ruble exchange rate.

In Belarus, the population has set another record for the total amount of loans taken. This debt to banks has exceeded Br27 billion, according to data of the National Bank.

Total debt of the population on bank loans, according to April 1, amounted to Br27 billion 137 million. This is Br364.7 million more than a month earlier.

People continue to actively apply to banks for consumer loans. The total amount of debt on them amounted to Br10 billion 656.7 million on April 1. This is Br207.3 million more than it was at the beginning of March.

Debt on real estate loans at the beginning of April was Br16 billion 441.6 million. This is 158.2 million more than a month earlier.

The National Bank is concerned about the high growth rate of lending to the population. The regulator believes that it "may pose a threat to financial and price stability."

March 21, head of the National Bank Roman Holovchenko said that the regulator is concerned about the growth of consumer lending, which is sometimes to the detriment of business financing, and is ready to intervene in the situation, if necessary.

Experts, meanwhile, point to distortions in the economy, including hidden inflation, and see prerequisites for the weakening of the national currency.