/ / News

NBRB: No action against banks for breaking regulatory capital requirement until 2014

MINSK, 30 January (BelTA) – The National Bank of Belarus will take no action against the banks for failing to comply with the regulatory capital requirement until 2014, chairperson of the National Bank Nadezhda Yermakova told media.

“The National Bank decided to take no action against the banks over non-compliance with the regulatory capital requirement until 2014,” Nadezhda Yermakova said. According to statistics, as of 1 January the regulatory capital of the banks was high enough. “It rose cross the whole banking system as Belagroprombank and Belarusbank increased their capital. In the context of banks, we are not concerned that some of them are without capital,” she went on to say.

Nadezhda Yermakova said that the owners of all banks have decided and agreed to replenish their capital as much as they could before the middle of this year. “We will take no action until 2014,” she said.

Now we are considering which currency to use to calculate regulatory capital of banks, Nadezhda Yermakova said. This issue is ambiguous, and everybody has their own views on it - the National Bank, each of the banks, the Association of Banks. “I think, that we will come to a consensus in the first quarter,” she said. All banks operate steady. There is no need to punish anybody or revoke a license, Nadezhda Yermakova added.