Lending to Belarus’ economy up 1.9 times in January-April

MINSK, 4 June (BelTA) – In January-April 2012 a total of Br84.4 trillion of loans was injected in the economy of Belarus, up 1.9 times over January-April 2011. With this the volume of loans in comparable prices reduced by 22.2%, according to the analytical review of the National Bank of the Republic of Belarus (NBRB).

The nominal volume of long-term loans rose 34% (in comparable prices down to 58.3% of the loans issued in January-April 2011).

An estimated Br2 trillion, or 9.9% of all long-term loans, was issued to construct (acquire) housing. In comparable prices this volume fell to 31.7% from January-April 2011.

Soft loans on housing construction made up 32.6% in comparable prices over the same months a year ago.

Notwithstanding retail loans, an estimated Br17.4 trillion of long-term loans was put into the economy, or 84.3% of all long-term loans. The bulk of them are attributed to the organizations of the processing industry (40.1%), trade enterprises, auto services and producers of household goods (23.4%).