Banks' asset quality and capital adequacy are also likely to worsen, with the economic slowdown and recent sharp depreciation of the Belarusian ruble
having negatively affected the ability of many corporate borrowers to service their loans.
The EEU countries could switch to national currencies (ruble, Belarusian ruble
, Kazakhstani tenge and Armenian dram) in mutual payments by 2025-2030, the chairman of the board of directors of Russia's National Payment Council, Alexander Murychev told the newspaper.
Consumer price inflation will increase from an estimated 15.0% year-on-year (y-o-y) at end-2013 to 18.0% y-o-y by end-2014 on the back of continued depreciation of the Belarusian ruble
, exacerbated by a negative trade balance.
The procedures for making provisions by banks to cover potential losses on the special portfolios of homogeneous credits in the case of excess of the interest rate on credits granted to legal persons in Belarusian rubles
over the level set by the National Bank, will be tightened as well.
Trade Capital Bank is Belarus's 12th-largest lender with about 1.9 trillion Belarusian rubles
($224 million) in assets as of Oct.