Businesses were offered to take out loans in Belarus

November 22nd. /MEDIA TALK/. Sberbank's client companies began to be offered loans from a Belarusian subsidiary bank. Frank Media writes about this today with reference to business representatives who have received such offers. As the newspaper notes, entrepreneurs may well consider this opportunity as profitable. According to the National Bank, the key interest rate in the Republic has been at 9.5% since the summer of 2023, and the average interest on corporate loans in Belarusian rubles slightly exceeds 10% per annum.


Photo: ru.freepik.com

According to the Central Bank, when lending in foreign currencies, companies face additional risks in the form of possible exchange rate fluctuations. In addition, there may be a problem of a shortage of liquidity of local banks. Market experts note that companies directly related to the neighboring republic may mainly show interest in lending to Belarusian banks. These are mostly medium-sized businesses.

According to Frank Media, the corporate lending market in Belarus is ten times smaller than the Russian one. To date, it amounts to 58 billion Belarusian rubles (1.7 trillion rubles), in Russia the volume is 84.2 trillion rubles.

We recently told you that Belarus has become the main supplier of butter to the Russian Federation in 2024.