The amount of household debt owed to banks in Belarus has exceeded 29 billion rubles, reaching its highest level in modern history. However, the National Bank of Belarus noted that the current debt burden does not pose a threat to financial stability.

According to the regulator's estimates, the debt-to-GDP ratio (286.7 billion rubles) is just over 10%. For comparison, in a number of developed countries, this figure exceeds 70%, and in some economies, it exceeds 100%, significantly increasing the vulnerability of the financial system.

The National Bank emphasizes that, given the current debt burden, the economy is capable of withstanding external and internal shocks. Even if the labor market situation worsens, risks to the banking sector remain limited.

The debt structure indicates a predominance of long-term liabilities: approximately 61% of loans are for real estate financing. Consumer loans account for 39%, of which approximately 10% are related to car loans. An additional trend is the growing activity of young borrowers: the share of citizens under 26 taking out loans is increasing. This indicates expanding access to financial resources, but requires further regulatory oversight.