Be­laru­sian banks to is­sue Br653.5bn hous­ing loans in 2013

Economy of Belarus - - BANKS AND FINANCE -

In 2013 Be­laru­sian banks are ex­pected to pro­vide a to­tal of Br653.5 bil­lion in loans to con­struct (ren­o­vate) or pur­chase hous­ing. The rel­e­vant tar­get was for­mal­ized by Coun­cil of Min­is­ters’ Res­o­lu­tion No. 1023 of 6 Novem­ber 2012.

The ma­jor lenders in­clude Be­larus­bank (Br440 bil­lion), BPS-Sber­bank (Br70 bil­lion), Belin­vest­bank (Br45 bil­lion), Be­la­gro­prom­bank and Bank BelVEB (Br40 bil­lion each). The hous­ing loans will be pro­vided on terms de­ter­mined by the banks on their own.

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