The upcoming weekend will be marked by a weakened dollar due to recent trade outcomes.
In the first half of 2025, Belarusian banks issued loans totaling Br96 billion, with half of these loans being overdrafts and the other half for the purchase of long-term goods.
Interestingly, half of the loans issued for the purchase of goods were specifically for Geely vehicles, amounting to approximately Br180 million. The remaining loans for domestic goods accounted for about one-eighth of the total, with Br6 billion being issued.
One intriguing aspect is the lack of information provided about loans issued for the purchase of goods other than domestic and Geely vehicles. Similarly, no information was available about the exchange rates for any currencies other than the US dollar, euro, Russian ruble, and yuan.
As for the exchange rates on August 1, 2025, the Belarusian ruble (BYN) maintained a relatively stable value against several major currencies. The most favorable exchange rates were as follows:
- 1 BYN ≈ 0.327 USD
- 1 BYN ≈ 0.228 British pounds (GBP)
- 1 BYN ≈ 0.418 Singapore dollars (SGD)
- 1 BYN ≈ 3.17 Swedish Krona (SEK)
The exchange rate for the dollar to Belarusian ruble was Br2.9948, while the euro exchanged for Br3.44. The yuan, on the other hand, was worth Br4.1074 for ¥10. The Russian ruble increased by 0.14 kopecks against the Belarusian ruble, and the yuan increased by 0.08 kopecks.
Despite the issuance of these loans, the delinquency rate for consumer loans remains low, with only 0.4% of the total being in default. One notable loan product is Belarusbank's "For Native Goods" product, which issued approximately Br250 million.
It's worth noting that on August 1, the Belarusian ruble weakened against the euro by 2.16 kopecks, but there was no strengthening against the dollar, Russian ruble, or yuan.
In conclusion, the first half of 2025 saw significant loan activity in Belarus, with a focus on Geely vehicles and domestic goods. The exchange rates remained relatively stable against major currencies, and the delinquency rate for consumer loans remained low. However, more information is needed about loans issued for goods other than domestic and Geely vehicles and the exchange rates for currencies other than the US dollar, euro, Russian ruble, and yuan.
The focus on loans in Belarus during the first half of 2025 was predominantly for Geely vehicles and domestic goods, accounting for approximately Br180 million and Br6 billion respectively. Interestingly, in the realm of finance and banking-and-insurance, there seems to be a lack of information available regarding loans issued for goods other than these specific categories.
