On October 14 President Alexander Lukashenko met with the Chairman of the Board of the National Bank, Pyotr Prokopovich, to receive his report. The Head of State was briefed on the performance of the banking system in January-September this year.

The country’s banking system has been doing everything necessary to implement the social and economic development programme. The financial sector, and also the foreign exchange and credit policy have remained stable. As of October 1, 2010 the amount of loans issued by Belarusian banks was up more than 36% from the same period a year earlier. The interest rate policy is in progress, the payment system operates smoothly.

Alexander Lukashenko was briefed on the development of the domestic banking system. All the indicators range within the limits set in the 2010 monetary and credit policy of Belarus. The work is underway to upgrade the system of financial supervision of banks.

The President was also reported on the implementation of a number of his other assignments.

Alexander Lukashenko demanded that the National Bank should ensure the full implementation of all indicators of the banking system development in 2010.