The efficiency of banks and the issues of wages in the financial sphere are the main topics that were discussed today at the Palace of Independence. The main requirement of the head of state is that financial and credit organizations should work effectively.. Alexander Lukashenko especially stressed that banks should not stand out of the common system of the state. Especially now, when a large-scale work on optimization of managerial personnel is done. It In general, the financial situation is stable, but all important issues, as well as possible risks, are always under control.
Low inflation and economic growth, such a forecast is heard more often in relation to Belarus. The main success is attributed to the predictable and tight monetary policy pursued by the government and the National Bank in recent years. It is not surprising that against the background of a constant decrease in interest rates, there is a real boom in consumer lending.
This year, the volume of loans already issued by banks to the population for consumer needs increased by almost 50% (48.8%).
At the beginning of the year, the average rate for ruble loans was more than 19% (19.1%) per annum. For ten months it was reduced to 11.6% per annum.
The economy of the country is steadily recovering.
In early November, experts from the European Bank for Reconstruction and Development said: "The Belarusian economy is growing again after two years of recession." Over the nine months of 2017, the country's GDP grew by almost 2% (1.7%) to the previous year, largely due to "the recovery of external demand."
Government measures and a well-adjusted policy of domestic banks can be decisive. It is no coincidence that the banking theme formed the agenda of today's meeting with the head of state.
After all, the welfare of the citizens of Belarus, as well as the stability and growth of the national economy, largely depends on effective financial and monetary policy.
