The agency said that the bank would likely maintain its stable funding profile and liquidity position as it remained an important financial institution for the government.

Belarus's economy returned to growth in the first quarter of this year, at 0.9 percent, after contracting by 0.9 percent in 2020, despite shocks from the oil sector, pandemic and political developments.

Gross domestic product (GDP) grew by 12.2 percent year-on-year in January-July after contracting 5.8 percent in the same period last year.