Found out it is not necessary to decode the image from string as most browsers do this automatically. You just place an html component on page and use this tag:
<img src="data:image/png;base64, iVBORw0KGgoAAAANSUhEUgAAAAUA
AAAFCAYAAACNbyblAAAAHElEQVQI12P4//8/w38GIAXDIBKE0DHxgljNBAAO
9TXL0Y4OHwAAAABJRU5ErkJggg==" alt="Red dot" />
- where to long string is the encoded string.