6 month 2011 performance results of JSC Belagroprombank

Belagroprombank’s revenue for the first 6 months of the current year totalled BYR 159,5 billion, representing a 1,2-fold increase compared to the same period last year. The bank’s profitability amounts to 7,6%, and its equity exceeded BYR 5,9 trillion.

Since the start of 2011 the bank’s resource base grew 25% to BYR 39,1 trillion as of 01.07.2011. Foreign credit facilities and retail and corporate customer funds became the main contributors to the bank's resource potential. Over 6 months 2011 the bank raised foreign financing of more than USD 480 billion. Retail customer funds grew BYR 863 billion or 30,2%, while corporate deposits increased by 35%.

Traditionally, lending into the real sector of economy is the core line in the use of resources.

Since the year-start the bank’s total gross loan portfolio grew 24% and now exceeds BYR 32,5 trillion. The bank ranks first among its peers by corporate loan portfolio (BYR 30 trillion) and comes second in terms of retail loan portfolio (BYR 1,6 trillion).

In the reporting period the bank ensured compliance with all safe operation standards set by the National Bank of the Republic of Belarus.