OREANDA-NEWS. November 19, 2009. Performance results posted by Belagroprombank over the first nine months of 2009 have evidenced the continuing fast growth of the bank and further strengthening of its position in the domestic banking system.  Overall, Belagroprombank demonstrated high growth rate across all activities, retaining its leading positions among domestic financial institutions, reported the press-centre of Belagroprombank.

In the first three quarters of 2009 Belagroprombank generated a profit of BYR 119,4 billion, therefore exceeding the corresponding prior-year figure by 1,3 times.

As of 01.10.2009 the bank’s equity amounted to BYR 4409,1 billion, or  EUR 1092,9 million. For several years running Belagroprombank has been maintaining the leadership position in Belarus by equity, gaining more than 1/3 of market share.

In January-September the bank’s resource base increased by 21,5% to BYR 18,9 trillion as of 01.10.2009. Over 9 months Belagroprombank posted a 25% share in the domestic resource base, while the growth rate of its foreign currency component is two times higher than the average growth rate of other domestic banks. Foreign credit facilities and retail customer funds made the most significant contributions to strengthening of the bank’s resource potential.

Over 9 months of the current year Belagroprombank raised foreign financing to the value of about USD 455 million, representing a 1,3 times y.o.y. growth, and proved to be an undisputable leader among its peers in this field.  As a result, since October 1, 2009 Belagroprombank has been ranked first by the amount of financing raised from non-resident institutions.

Flexible interest rate policy and new types of retail deposits contributed to a 30,7% growth of retail customer funds placed with the bank totaling BYR 1972,0 billion as of 01.10.2009. Growth rate of retail customer funds with Belagroprombank exceeds by 1,2 times the average growth rate posted by its peers.  

Growth of customer funds and increase of foreign credit facilities enabled Belagroprombank to provide loan support to economic entities and increase the retail loan portfolio. 

Since the year-start of 2009 gross loan investments into economy provided by Belagroprombank rose 1,3 times to BYR 17,3 trillion, accounting for more than 1/3 in gross domestic loan portfolio growth.

Corporate loan portfolio has increased 31,6%, or BYR 3,9 trillion, since the beginning of 2009.  Belagroprombank holds a 36% share in the growth of domestic corporate loan portfolio.

Since the start of 2009, the bank’s retail loan portfolio rose by BYR 213,7 billion outperforming its peers by 1,9 times.