Public trust in Tajikistan’s banking system reportedly growing

DUSHANBE, July 25, 2013, Asia-Plus – The National Bank of Tajikistan (NBT) reports that Tajikistan saw bank deposits grow by 13.6 percent in the first six months of this year to 5.2 billion somoni, reflecting the expanding economy and rising public confidence in the banking sector. According to data of Tajik central bank, individual deposits […]

Asia-Plus

DUSHANBE, July 25, 2013, Asia-Plus – The National Bank of Tajikistan (NBT) reports that Tajikistan saw bank deposits grow by 13.6 percent in the first six months of this year to 5.2 billion somoni, reflecting the expanding economy and rising public confidence in the banking sector.

According to data of Tajik central bank, individual deposits have reached 3.3 billion somoni (a 20.2 percent rise).

Local currency deposits carry a weighted average interest rate of 15.4 percent at the moment versus 10.8 percent for foreign currencies.

Current Tajikistan’s banking system includes 18 financial institutions: Agroinvestbonk; Orienbonk; Amonatbonk (Tajikistan’s savings bank); Tojik Sodirot Bonk (TSB); Bank Eskhata; Sohibkorbonk; The First MicroFinanceBank; Branch of Iran’s Tejarat Bank; Tajikistan Development Bank (TDB);  Fononbonk; Kazkommertzbank-Tajikistan; Kafolatbonk; AccessBank Tajikistan; Kont; Branch of National Bank of Pakistan; Renessans-Capital; Trade Financing.         

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