As of April 1, 2019, Tajikistan’s Non-Performing Loans (NPLs) were reported at 1.805 billion somoni (equivalent to more than 190 million U.S. dollars), which is 20 percent of the total volume of the loan investments in the country, according to the Agency for Statistics under the President of Tajikistan.
Tajikistan’s NPLs reportedly decreased by 73 million somoni in a year to March 31, 2019.
As of April 1, 2018, Tajikistan’s Non-Performing Loans (NPLs) were reported at 1.878 billion somoni
About 33 percent of the non-performing loans was provided in the national currency, the somoni, and more than 67 percent of them was provided in foreign currency
In all, loan investments reportedly increased by 604 million somoni in a year to March 31, 2019, reaching 8.844 billion somoni.
Addressing a meeting of senior representatives of fiscal agencies and banks, President Emomali Rahmon noted on May 10 that the high rate of non-performing loans in the baking system of the country evokes serious concern.
According to him, top managers of banks sometimes were providing loans to their relatives and friends without collateral.
8,406 citizens now owe 752 million somoni to banks, and 716 million somoni of 95 percent of them are non-performing loans, Tajik leader noted.
“Thus, top managers of the National Bank of Tajikistan in the previous years had provided 61 million somoni to their employees in non-interest loans and 16 million somoni of this amount became non-performing loans,” Rahmon added.
