Banking sector of the Republic of Belarus under conditions of socio-political instability
The article considers socio-political factors of 2020, which have had a negative impact on the economic situation in the Republic of Belarus in general and on the performance of banks in particular. It is concluded that only through accumulated monetary regulation experience the National Bank manages to maintain a certain degree of macro-level equilibrium, while socio-political uncertainty makes it difficult to frame its regulatory strategy and forces it to move away from market mechanisms and instruments. There has been marked a downward trend in the financial performance of banks due to a significant outflow of deposits and a decline in lending, including a drop in customer confidence.