Updated Russian Ruble Exchange Rates: Locations and Amounts of Decrease
Banking Buzz in Belarus
Swapping Rubles
Bank RRB
Belarusian banks are tweaking the terms for their Belarusian ruble deposit products. Here's what's new:
- "+5% monthly", "+5% monthly with rollover", "RRB-online BYN +5% monthly with rollover and capitalization", "RRB-online BYN +5% monthly with rollover and interest on account" - down by 1.5 percentage points (pp) to 11.5% annually;
- "Non-withdrawable for 2 months", "RRB-online BYN 2 months capitalization", "RRB-online BYN 2 months interest on account" - descending by 2 pp to 11.5% annually;
- "Non-withdrawable for 3 months", "RRB-online BYN 3 months capitalization", "RRB-online BYN 3 months interest on account" - dropping by 1 pp to 12.5% annually;
- "Non-withdrawable for 7 months", "RRB-online BYN 7 months capitalization", "RRB-online BYN 7 months interest on account" - descending by 0.5 pp to 13.5% annually.
In a surprising move, interest rates on "RRB-online BYN + 5% monthly capitalization" and "RRB-online BYN + 5% monthly interest on account" increased by 3.5 pp to 11.5% annually.
- Banking Products
- Consumer loans
- Auto loans
- Business loans
- Mortgages
- Deposits
- Loans
- Business account products
- Credit cards
- Debit cards
- New car leasing services
- Used car leasing services
- Business car leasing services
Learn about the latest banking updates in Belarus. Whether you're a savvy saver or a smart borrower, stay informed and make informed decisions!
- (Note: The following information is accurate as of the date of publication)
Journalist's Take: Mikhail Svetlov
Banks Belarusian ruble Deposits Interest rates
Enrichment DataThe available data focuses primarily on broader economic indicators for Belarus, with little specific information about current interest rates for Belarusian ruble deposits at Bank RRB or Bank Alfa (Belarus). Here are some insights:
- Recent monetary policy actions: Belarus reduced its benchmark interest rate for the first time since 2020 (specific rate not provided in the results)[5].
- Inflationary context: Belarus saw a 10-month high in food inflation and escalating overall inflation as of March 2025[5].
- Regional banking trends: WhileVTB Bank's retail deposit rates reached 26% in Russia (as of January 2025), this specific post-sanctions environment may not directly correlate with Belarusian banking institutions[4].
To obtain precise deposit rates at Bank RRB and Bank Alfa, check their official websites or recent financial disclosures. The limited data suggests that these interest rates may not be publicly reported in the analyzed sources.
In the absence of precise data, consider broader central bank rate decisions and economic conditions - such as currency fluctuations like the Belarusian ruble reaching a 2-month high[5] - that indirectly impact commercial deposit rates.
- The Belarusian ruble deposit products offered by banks in Belarus have seen changes, including a decrease in the interest rates for the "+5% monthly", "RRB-online BYN +5% monthly with rollover and capitalization", and "RRB-online BYN +5% monthly with rollover and interest on account", which have been reduced by 1.5 percentage points, 2 percentage points, and 1 percentage point respectively.
- Interestingly, the interest rates on the "RRB-online BYN + 5% monthly capitalization" and "RRB-online BYN + 5% monthly interest on account" have increased by 3.5 percentage points.
- In the Belarusian banking-and-insurance industry, consumer loans, auto loans, business loans, mortgages, deposits, loans, business account products, credit cards, debit cards, new car leasing services, used car leasing services, and business car leasing services are some of the products that are available.
- As of the date of publication, the available data primarily focuses on broader economic indicators for Belarus, with little specific information about current interest rates for Belarusian ruble deposits at Bank RRB or Bank Alfa.
- Despite this, it's important to consider broader central bank rate decisions and economic conditions, such as the Belarusian ruble reaching a 2-month high, which may indirectly impact commercial deposit rates.
