The portfolio of corporate deposits of second-tier banks of the Republic of Kazakhstan has increased since the beginning of the year by KZT 155.4 billion (or by 1.5%), amounting to KZT 10.77 trillion by March.
The absolute growth leader is ForteBank: plus KZT 154.5 billion at once (or 17.8%), up to KZT 1.02 trillion. It worth noting: the bank's portfolio exceeded a trillion for the first time. This second-tier bank is one of the three largest banks – holders of business deposits.
The top three banks in terms of growth also include Bank CenterCredit (plus KZT 29.5 billion since the beginning of the year, up to KZT 536.5 billion) and VTB Bank, which isn’t included into the top ten largest banks (plus KZT 27.4 billion, up to KZT 212.8 billion).
It is noteworthy that within a month the corporate deposits portfolio of second-tier banks of the Republic of Kazakhstan decreased by tangible KZT 20.5 billion.
Speaking of the top ten banks, if we look at the monthly dynamics, we can see that there are only three banks that managed to climb into a positive territory: ForteBank (plus KZT 72.9 billion), Eurasian Bank and Citibank.
In general, in the sector in the monthly dynamics there are only 7 financial institutions in a positive territory, and 18 second-tier banks of the Republic of Kazakhstan are in the red, respectively.
In January-February 2021, Belarus's GDP amounted to BYN 23.3 billion, or in comparable prices 100.8% compared to the same period in 2020. And although this is more than the last year’s indicator, compared to 2019, the GDP index has not changed.
In 2020, Belarusian meat processors managed to increase the production of sausages and smoked meats due to the growth of domestic demand amid the coronavirus epidemic, as well as due to the favorable conjuncture of the Russian market.
2020 not only did not solve the problems of Belarus, but also added new ones. So, the expectations that next year it will be possible to get significant benefits due to lower energy prices, were not satisfied: the gas price remains at the level of 2020, and the oil price will even increase due to the tax maneuver in Russia. The question of the timing of the receipt of the second part of the Russian loan funds remains unresolved.
The US Congress approved the 2020 Bill of Belarusian Democracy, Human Rights and Sovereignty.
In January-September 2020, the GDP of Belarus amounted to BYN 106.6 billion, or in comparable prices 98.7% over the same period in 2019. In addition to the coronavirus epidemic and two currency crises, the main impact on the economic decline was made by the decrease in turnover in the petrochemistry and mechanical engineering.