Decline in Domestic Interest Rates Observed in a Specific Bank
Latest Updates on Belarusian Banks as of August 2025
Belarusian banks are experiencing some significant changes in their operations, as reported by the National Bank of Belarus. Here's a breakdown of the key developments:
Deposit Interest Rates and Conditions
The deposit sector in Belarus is showing positive growth, with an impressive increase in deposits held in Belarusian rubles. As of now, approximately 73% of deposits have a term exceeding one year, providing a stable resource base for investment. The average loan interest rate in the banking system remains below 10%, indicating a relatively moderate "price of money" for borrowing and development.
Fees and Money Transfers
While there is no detailed breakdown specifically about fees for money transfers within Belarusian banks, there is a broader impact on cross-border payments due to geopolitical factors. International banks like Citi have significantly restricted payment settlements to and from Belarus since early 2025, effectively prohibiting payments going to Belarusian recipients and discouraging incoming payments from Belarus after March 1, 2025. This reflects the complex international sanctions environment affecting financial transactions involving Belarus.
Other Banking Product Conditions
There is no direct mention of new product condition changes, but the focus on deposit growth in national currency and moderate loan interest rates suggests continuing stability and cautious monetary policy by Belarusian authorities.
Meanwhile, some individual banks have made adjustments to their services. For instance, Alfa Bank has updated its procedure for providing a certificate of fulfillment or absence of obligations to pay contributions to the FSSN due to changes in legislation effective August 18.
TechnoBank has adjusted its tariff for legal entities and sole proprietors for transferring funds abroad based on a client's payment order or payment demand in yuan to 1.2% of the amount (minimum 1,100 yuan). Additionally, the fee for transferring funds abroad based on a client's payment order or payment demand in US dollars at TechnoBank has been reduced to 0.15% of the amount (from 55 to 200 US dollars).
ParitetBank has introduced a fee for crediting client accounts with funds received from Indian banks, at a rate of 0.55% of the payment amount (minimum 4,000 and maximum 1,000,000 Indian rupees).
StatusBank has lowered the interest rate on its national currency deposit product under the "Status - Reliable" deposit to 15% per annum for a term of 13 months and 15.1% per annum for a term of 18 months.
However, no updates regarding business account products, credit cards, debit cards, or leasing services for new, used, or business cars have been mentioned for ParitetBank, TechnoBank, or Alfa Bank in this context.
In summary, Belarusian banks have maintained stable and moderate interest rates on loans (under 10%) and strong growth in one-year term ruble deposits (~73% of total). Concurrently, international banks are limiting cross-border payment services with Belarus due to sanctions, thus potentially impacting transfer fees and access. There are no explicit recent announcements on other fees or product conditions within Belarusian banks in the available data.
- The latest industry updates for banking and insurance in Belarus indicate that while individual banks have made adjustments to transfer fees and deposit interest rates, the overall business environment remains stable, with moderate loan interest rates and strong growth in one-year term ruble deposits.
- In the finance sector, the banking-and-insurance industry in Belarus is witnessing changes in fees for money transfers, particularly in the context of international sanctions affecting cross-border payments, although the specific fees for money transfers within Belarus remain unspecified.
