OREANDA-NEWS. October 26, 2010. In January-September 2010 retail customer funds placed with JSC Belagroprombank increased by 1,3 times, or BYR 650 billion, to reach BYR 2,8 trillion as of  01.10.2010, reported the press-centre of Belagroprombank.

The largest ratio of attracted funds (92,1%)  falls on term deposits, primarily attributable to “The Line of Growth”  and “Start” deposit systems.

Demand deposits total BYR 217,8 billion, accounting for 7,9% of the total attracted funds.

BYR 208,1 billion of the total retail customer funds were attracted by means of bonds.

Competitive terms for deposits combined with an active marketing policy aimed at promoting the savings system “The Line of Growth” enable Belagroprombank to strengthen its share in the corresponding market and post a 1,4 times y.o.y. average growth.  

An extensive branch network consisting of 7 branches, 69 local offices and 199 payment processing centres is one of the significant factors allowing the bank to take effective actions to attract savings.

Belagroprombank ranks second on the domestic league table by retail deposit portfolio.

In October 2010 Belagroprombank maintained stable positive growth rates in retail customer funds.  For example, on certain days of October growth of retail customer funds placed with Belagroprombank exceeded BYR 4 billion. Taking into account a positive growth tendency in September-October 2010, the bank can justly expect to exceed a target of BYR 3 trillion for retail customer funds by the year end 2010.