S&P lifts four Belarus banks view to stable

Standard & Poor's said it revised the outlooks on JSC Savings Bank Belarusbank, OJSC Belvnesheconombank, BPS-Sberbank and Belagroprombank JSC to stable from negative.

The B- long- and C short-term counterparty credit ratings on all four banks were affirmed.

The rating actions follow a similar action on the Republic of Belarus

The outlook revision reflects a view that short-term financing constraints for the sovereign's finances have eased considerably on the back of new sources of funding and capital inflows, primarily from Russia, S&P said.

The agency said it views the Belarusian economy as showing signs of stabilization due to the liberalization of the exchange rate, decline in inflation and return of deposits to the banking system.

Nevertheless, the severe economic imbalances in Belarus have weakened bank asset quality and liquidity, S&P said.

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