JSC Belagroprombank’s performance 2010

Key performance results posted by JSC Belagroprombank in 2010 demonstrate its continuous successful and dynamic growth.

In 2010 Belagroprombank doubled its profit to BYR 253,9 billion compared to the profit recorded in the previous year.

As of 01.01.2011 Belagroprombank’s equity amounted to BYR 5,7 trillion, representing a 29,3 y.o.y. growth. JSC Belagroprombank is the largest bank in the Republic of Belarus by equity.

The bank’s resource base over the past year increased by 1,5 times and exceeded BYR 31,3 trillion as of 01.01.2011. Key contributors to the resource potential growth are:

•  A 2,5 times increase (to BYR 2,7 trillion) in corporate deposits;
•  BYR 2,2 trillion of funds attracted by means of bonds and other securities owned by the bank;
•  A 34,3% growth (to BYR 2,9 trillion) of retail customer funds placed with the bank;
•  A 34% increase (to BYR 2,5 trillion) in foreign credit facilities.

Resource potential growth enabled the bank to significantly increase lending to domestic enterprises and provide loans to retail customers.

Since the start of 2010 Belagroprombank’s gross loans to economy grew by 1,4 times to more than BYR 26 trillion as of 01.01.2011, accounting for 28,1% of the total gross domestic loan portfolio growth. A balanced credit policy implemented by Belagroprombank enabled it to post a high rate of credit investments amidst growing financial backing of the real sector of economy.

Corporate loan portfolio increased by 1,4 times and reached BYR 24,4 trillion.

At present Belagroprombank ranks first among its peers in terms of corporate loan portfolio. JSC Belagroprombank is among top three leading Belarusian banks in terms of retail loans. As of 01.01.2011 the bank’s retail loan portfolio totalled more than BYR 1,1 trillion, posting a 1,3 times y.o.y. growth.

The share of non-performing loans in the bank’s loan portfolio over the past year decreased from 0,99% to 0,3%.