Belagroprombank issued its IFRS for the year 2019

For your kind attention, please find enclosed Belagroprombank’s consolidated financial statements for the year ended December 31st, 2019 prepared in accordance with IFRS and audited by KPMG LLC.

During the reporting period, Belagroprombank continued to display its stable financial performance. Net profit by the end of 2019 increased by BYN 5,5 mln. or 9,3% and amounted to BYN 64,5 mln. (USD 30,7 mln.).

In the reporting year the Bank continued to keep its leading positions in key segments of Belarusian banking business. For the year 2019 Bank’s total equity raised by BYN 55,1 mln. (USD 26,2 mln.). As of the year-end, the capital adequacy ratio (CAR) made up 16,6%, return on equity (ROE) amounted to 4,9%. The amount of leverage remains the largest among systemically important Belarusian banks and amounts to 12.2%.

The customer accounts, being the most significant source of Belagroprombank’s funding, increased during 2019 by BYN 343,3 mln. or 6,0% to BYN 6,1 bn. (USD 2,9 bn.) which is about 68% of the total Bank’s liabilities.

The assets of the Bank increased by BYN 534,3 mln. (or by 5,5%) to BYN 10,3 bn. (USD 4,9 bn.) as of December 31st, 2019.

The effective provisioning rate amounted to 7,77% as of the year-end.