OREANDA-NEWS. March 03, 2010. 2009 performance results posted by Belagroprombank were summarized at the extended meeting of the Board of JSC Belagroprombank, reported the press-centre of Belagroprombank.

Key performance results demonstrated growth of customer business, strengthening of the bank’s status in major market fields, and international cooperation expansion.

In 2009 JSC Belagroprombank generated a profit of BYR 129,2 billion exceeding the corresponding prior-year figure by BYR 20,4 million, or 19%.

The bank’s equity has increased by BYR 111 billion to BYR 4,4 trillion, or EUR 1079,3 million. Bank’s equity adequacy as of 01.01.2010 totalled 25,7%, far exceeding the 8% minimum limit set by the National Bank.

For several years running Belagroprombank has been the largest Belarusian bank by equity. In 2009 the bank was once again rated 9th in the list of Top 25 banks: Central & Eastern Europe by the Banker.

The bank’s resource base grew by 30% (BYR 4,7 trillion) and exceeded BYR 20 trillion, gaining around ? share in the domestic resource base growth rate.  

In the reporting year the bank raised foreign financing to the amount of USD 713 million, which is the best result among Belarusian banks. Every fifth dollar attracted to Belarus from abroad has been raised by JSC Belagroprombank.

In January–December retail customer funds placed with the bank grew by 41% and as of 01.10.2009 totalled more than BYR 2,1 trillion. Belagroprombank outperforms its peers with regard to growth rate in retail customer funds, considering a 37,8% growth rate posted by other Belarusian banks.  

 Traditionally, lending into the real sector of economy has been a key tendency in the use of resources. Gross loans granted by the bank have increased by 1,4 times and totalled  BYR 18,8 trillion.

Since the year-start corporate loans have grown by BYR 5,2 trillion, or 41,7%. JSC Belagroprombank has posted a 35,4% growth share in loans granted to economic entities by Belarusian banks since the start of 2010. 

Since the start of this year retail loans granted by the bank have grown by BYR 263,2 billion, at this the loan growth rate of 42,7% demonstrated by Belagroprombank compared to the sector average 25,9%. Belagroprombank’s share grew from 7,6 to 10,3 percent, excluding preferential loans for housing construction. The bank posted a 69% domestic growth share in retail loans granted on market terms.