• Evidence Based Policy - Macroeconomic Research Center

According to National Bank data, in the 4th quarter of 2017 (year on year) net profit in the banking sector of Belarus fell immediately by 27.9%.This distorted the annual results. Whilst net profits in nominal terms grew by 19% between January and October 2017, when compared to the same period of the previous year, by the end of the year a 1.3%  decrease can be observed. In real terms this was a 7% decrease. According to data on the National Bank website, in 2017 real profit after tax amounted to 872 million BYN, as opposed to 884 million BYN in the previous year.

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