Belarus central bank reports ‘significant’ credit risk to country’s banking sector
A large proportion of Belarusian banks’ risky debts are owed as a result of financing government, central bank says
Belarus's central bank has published its financial stability report for 2015, giving a frank assessment of some of the country's economic problems.
The report laid great stress on the risks facing the banking sector, making it plain that these were caused in large part by risky credit extended to parts of the country's government.
It also outlined some problems caused by the fall in economic activity in neighbouring Russia, and currency depreciation.
In 2015, the real sector had shrunk due
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