Macroeconomic overview Belarus 15 th BACEE Central and East European and Bank and Country Conference...
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Macroeconomic overview Belarus 15 th BACEE Central and East European and Bank and Country Conference 14-16 November 2006, Budapest
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Macroeconomic overview
Belarus
15th BACEE Central and East European and Bank
and Country Conference 14-16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Belarus
• Area: 207,600 sq. km
• Capital: Minsk
• Population: 10,293,011 (July 2006 est.)
• Labour force: 4.3 million (31 December 2005)
• Society: Belarusian 81.2%, Russian 11.4%, Polish 3.9%, Ukrainian 2.4%, other 1.1% (1999 census)
• Religion: 80% Eastern Orthodox
Source: National Bank of the Republic of Belarus
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
A little bit of history
• seven decades as a constituent republic of the USSR
• attained its independence in 1991
• Belarus and Russia signed a treaty on a two-state union on 8 December 1999
• in July 1994 first president: Alexander LUKASHENKO
Source: Ministry of Statistics the Republic of Belarus; National Bank of the Republic of Belarus, Raiffeisen Research
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Macroeconomic indicators
Source: Ministry of Statistics the Republic of Belarus; National Bank of the Republic of Belarus, Raiffeisen Research
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Russia versus Belarus in terms of Real GDP
Real GDP (% yoy)
0,0
2,0
4,0
6,0
8,0
10,0
12,0
2002 2003 2004 2005 2006e 2007f
%
Russia Belarus
Banking system Belarus
15th BACEE Central and East European and Bank
and Country Conference 14-16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Number of Banks’ branches in the Republic of Belarus and organisational units thereof
4 state banks (Belarusbank, Belagroprombank, Belinvestbank, Belpromstroibank) + 26 banks with foreign capital
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Ratio of banking sector assets and capital to GDP
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Structure of Assets as of 01. 01. 2006
%
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Structure of Credits by Form of Client’s Activities
In Q3-2006 the share of Loans to households increased to 28.5 %.
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Structure of Credits by Maturities
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Concentration
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Top-10 Banks’ Total Assets
BanksTotal Assets
in BYR'mln as of 01.10.2006
Belarusbank 10,941,100.4
Belagroprombank 5,017,684.3
Priorbank (Raiffeisen International) 2,417,465.2
Belpromstroibank 2,023,810.0
Belinvestbank 1,858,908.3
Belvnesheconombank 727,337.2
Slavneftebank 489,380.8
Belgazprombank 434,031.1
Foreign Bank Moskva-Minsk 285,254.6
International Trade and Investment Bank (ITI Bank) 277,113.8
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Market share of Top-5 Banks in terms of Total Assets in 2005
Source: CNB, Raiffeisen Research
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Asset quality
%
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Structure of Liabilities as of 01. 01. 2006
%
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Top-10 Banks’ Total Liabilities
BanksLiabilities
in BYR'mln as of 01.10.2006
Belarusbank 9,401,377.4
Belagroprombank 3,676,396.8
Priorbank (Raiffeisen International) 2,072,229.6
Belpromstroibank 1,774,800.1
Belinvestbank 1,649,505.4
Belvnesheconombank 642,150.0
Slavneftebank 434,610.5
Belgazprombank 392,539.9
Foreign Bank Moskva-Minsk 220,785.7
International Trade and Investment Bank (ITI Bank) 234,732.2
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Structure of the Banking System Deposits by Form of Clients’ Ownership
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Structure of Deposits by Maturities
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Equity
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Top-10 Banks’ Total Capital
BanksCapital
in BYR'mln as of 01.10.2006
Belarusbank 1,539,723.0
Belagroprombank 1,341,287.5
Priorbank (Raiffeisen International) 345,235.6
Belpromstroibank 249,009.9
Belinvestbank 209,402.9
Belvnesheconombank 85,187.2
Slavneftebank 54,770.3
Belgazprombank 41,491.2
Foreign Bank Moskva-Minsk 64,468.9
International Trade and Investment Bank (ITI Bank) 42,381.6
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Capital adequacy I.
%
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Capital adequacy II.
%
State banks: Belarusbank, Belagroprombank, Belinvestbank, Belpromstroibank
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Structure of Banks’ Income and Expenses
For comparison: BYR 296.4 bln Economic Profit in Q3-2006.
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Income structure of the banking system
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Top-10 Banks’ Profit
BanksProfit/Loss
in BYR'mln as of 01.10.2006
Belarusbank 82,821.5
Belagroprombank 51,855.4
Priorbank (Raiffeisen International) 52,223.5
Belpromstroibank 33,188.2
Belinvestbank 26,132.8
Belvnesheconombank 6,522.5
Slavneftebank 11,040.2
Belgazprombank 6,140.5
Foreign Bank Moskva-Minsk 11,167.9
International Trade and Investment Bank (ITI Bank) 3,465.0
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Profitability ratios I.
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Profitability ratios II.
%
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
Banks’ rankings
BanksRanking in terms of TA
Ranking in terms of
Liabilities
Ranking in terms of Capital
Ranking in terms of
Profit/Loss
Belarusbank 1. 1. 1. 1.
Belagroprombank 2. 2. 2. 3.
Priorbank (Raiffeisen International) 3. 3. 3. 2.
Belpromstroibank 4. 4. 4. 4.
Belinvestbank 5. 5. 5. 5.
Belvnesheconombank 6. 6. 6. 8.
Slavneftebank 7. 7. 8. 7.
Belgazprombank 8. 8. 10. 9.
Foreign Bank Moskva-Minsk 9. 10. 7. 6.
International Trade and Investment Bank (ITI Bank) 10. 9. 9. 10.
Source: NBB President’s September 2006 Report to President Lukashenko
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
• USD 145 M. foreign funding in H1-2006
• state guarantee on USD 8 M. (on USD 32 M. in 2005)
• Foreign Ownership (Q3-2006)
• current quota: 20 % (this shall be abolished accessing WTO)
• current share: 9.3 % (in 26 out of 30 commercial banks)
• foreign banks are not allowed to open branch offices
• Loans (8-month Figures)
• Total Loans: BYR 18.8 Trillion (32 % increase)
• Retail Loans increased by 100 %
• Deposits (8-month Figures)
• Total: BYR 25.6 Trillion (24.9 % increase)
• Private individuals: BYR 7.3 Trillion
• Capital (1 October 2006)
• Share capital: BYR 4.27 Trillion (6.3 % increase)
• Capital adequacy ratio: 22 %
Recent Developments I.
Source: National Bank of the Republic of Belarus
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Recent Developments II.
• The new Banking Code (a uniform license for banking operations)
• replacing the 6 existing licenses
• General
• Internal
• Master
• Individual licenses
• Licenses for accepting deposits from natural persons
• Licenses for transaction involving precious metals and precious stones
• allowing banks to carry out operations with foreign currency outside the country (earlier 1-year delay was required)
• NBB revoked Djem-bank’s general and blanket licenses and the license to take individual deposits (Source: TASS Belarus Newswire)
Outlook
• Strengths– State support to large
banks expected
• Opportunities– Good growth potential in
a largely under-banked country
• Weaknesses– Low penetration– Low growth rates
• Threats– Economic downturn in
Russia– State intervention
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
Source: National Bank of the Republic of Belarus
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
List of Banks under Bankruptcy or Liquidation as of 02.11.2006
Name Date of Registration
1. Closed Joint–Stock Company "BELKOMBANK" 07.05.1991
2. Open Joint–Stock Company "BELORUSSKIY BIRZHEVOY BANK" 07.10.1992
3. Open Join–Stock Company Joint–Stock Commercial Bank "RATON" 26.09.2003
Source: National Bank of the Republic of Belarus
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
List of Reorganised Banks as of 02.11.2006, I.
NameDate of Registration
Form of Reorganization
Successor Bank, Reorganization Date
1. CB "DVINA" 27.08.1991 takeover JSCB "VITCOMBANK", 22.03.1994
2. JSCB "VITCOMBANK" 20.05.1991 takeoverOJSC "BELBUSINESSBANK", 27.06.1995
3. CB "GRODNOCOMBANK" 30.05.1991 mergerOJSC "BELBUSINESSBANK", 01.09.1992
4. CB "MINSKBUSINESSBANK"
01.07.1991 mergerOJSC "BELBUSINESSBANK", 01.09.1992
5. CB "MOGOBANK" 08.07.1991 mergerOJSC "BELBUSINESSBANK", 01.09.1992
6. CB "ZHILCOMBANK" 30.07.1991 mergerOJSC "BELBUSINESSBANK", 01.09.1992
7. CB "GOMELSOTSBANK" 22.05.1991 takeoverOJSC "BELBUSINESSBANK", 09.08.1993
8. CB "KOMMERTSIA–BANK" 29.03.1991 takeover"Priorbank" Joint stock company, 09.06.1993
9. CB "VESTBANK" 31.05.1991 takeover"Priorbank" Joint stock company, 05.10.1995
10. JSCB "BELARUSBANK" 30.07.1991 mergerJoint Stock Company "Savings Bank "Belarusbank", 27.10.1995
11. BSSR Savings Bank 20.08.1991 mergerJoint Stock Company "Savings Bank "Belarusbank", 27.10.1995
Source: National Bank of the Republic of Belarus
15th BACEE Central and East European Bank and Country Conference
14 - 16 November 2006, Budapest
List of Reorganised Banks as of 02.11.2006, II.
Name Date of Registration Form of Reorganization Successor Bank, Reorganization Date
12. JSCB "BELSVYAZBANK" 03.09.1991 takeoverJoint Stock Company "Savings Bank "Belarusbank", 07.10.1996
13. JSCB "BELZHELDORBANK" 09.11.1994 takeoverJoint Stock Company "Savings Bank "Belarusbank", 07.10.1996
14. JSCB "BRESTCOMBANK" 05.04.1991 takeoverClosed Joint–Stock Company "BELKOMBANK", 14.11.1996
15. JSCB "AMKODORBANK" 13.09.1994 takeoverOpen Joint–Stock Company "BELVNESHECONOMBANK", 03.01.1996
16. OJSC "BELCOOPBANK" 20.02.1992 takeoverOpen Joint–Stock Company "BELVNESHECONOMBANK", 01.03.2001
17. JSCB "BELORUSSKIY MEDITSINKIY BANK"
04.05.1995 takeoverJoint Stock Bank of Reconversion and Development, 30.09.1996
18. OJSC "BELBUSINESSBANK" 01.09.1992 merger"Belarussian bank of development and reconstruction "Belinvestbank" Joint–Stock Company, 03.09.2001
19. OJSC "BELORUSSKIY BANK RAZVITIYA"
05.11.1993 merger"Belarussian bank of development and reconstruction "Belinvestbank" Joint–Stock Company, 03.09.2001
20. Joint Stock Company "MINSKCOMPLEXBANK"
21.02.1994 takeoverJoint Stock Company "Savings Bank "Belarusbank", 14.07.2005
21. Closed Joint–Stock Company "TORGOVO–PROMYSHELNNY BANK"
01.04.1994 takeoverOpen Joint–Stock Company "TECHNOBANK", 20.06.2003
