Interest rates for average ruble deposits are on the rise.
Catchin' the Latest Banking Movements in Belarus
Money Matters
Check out the scoop on the latest interest rates in the banking landscape of Belarus for April 2025, straight from the National Bank!
Interesting Rates, Quality Time
The April 2025 data shows that the average interest rate on new individual's time deposits in Belarusian rubles spiked to a whopping 12.84%, climbing 0.23 percentage points from the previous month's rate.
Compared to March, the rates on demand deposits for individuals surged by 0.38 percentage points, landing at 7.84% per annum, while term deposits saw a more modest increase of 0.23 percentage points, settling at 13.29% per annum.
For legal entities, the average rate on new time deposits in the national currency increased by 0.65 percentage points, reaching 11.6% per annum. Interestingly, this figure took a slight dip in March. The demand deposits for legal entities jumped by 0.41 percentage points, reaching 11.36% per annum, and term deposits experienced a significant increase of 3.17 percentage points, ending up at 13.13% per annum.
Loan Wise
The average interest rate on new ruble loans to individuals, excluding preferential ones, ascended by 0.21 percentage points to 12.20% per annum in April. The increase for individuals was recorded at 0.19 percentage points (to 11.03% per annum), and for legal entities, the rate now stands at 12.33% per annum, a rise of 0.19 percentage points.
From a Bird's Eye Perspective
According to the overall trends in April 2025, the average interest rate for loans and deposits in Belarus was approximately 9.5% for both individuals and legal entities [2][5]. This figure serves as a benchmark for the general lending and deposit conditions in the country during that time.
It's essential to note that the search results do not indicate separate interest rate fluctuations for individuals versus legal entities or separate loan and deposit rates. The 9.5% figure appears to be the average rate applicable across the board for Belarus in April 2025 [2][5].
In the context of personal finance, the April 2025 data reveals an increase in the interest rate on new individual time deposits in Belarusian rubles, climbing to 12.84%, a rise of 0.23 percentage points from the previous month. On the other hand, business entities also experienced an increase, with the average rate on new time deposits rising by 0.65 percentage points, reaching 11.6% per annum.
