DUSHANBE, July 16, 2010, Asia-Plus — Net profit of Tajikistan’s savings bank, Amonatbonk, for the first half-year of 2010 has amounted to 1.8 million somoni, the Amonatbonk chairperson, Ms. Gulnora Hasanova, remarked at a news conference in Dushanbe on July 15.
“The bank’s authorized capital stock rose 9 percent in the year to July 1, 2010, reaching 119.2 million somoni as the Ministry of Finance has replenished it by 6 million somoni,” Hasanova said.
Amonatbonk’s assets rose 26.1 percent in the year to July 1, 201, reaching 624.5 million somoni.
In January-June 2010, Amonatbonk has immobilized 22.1 million somoni of dilapidated banknotes.
“Our bank is continuing to develop international relations and establish cooperation with new partners,” the Amonatbonk head noted.
“In June this year, an agreement on extending a US$5 million credit line to Amonatbonk for supporting development of small and medium-sized enterprises (SMEs) and enhancement of agrarian sector in Tajikistan was signed in Beijing,” said Hasanova, “An agreement for US$2.5 million for supporting SMEs and a US$82.5 million technical assistance was singed with the Islamic Development Bank (IsDB). US$324,200 of this amount have been spent over the report period.”
Besides, cooperation of Amonatbonk with the European bank for Reconstruction and Development (EBRD) is expanding. The sides signed agreements on two credit lines of US$ 1 million each that are provided for five years to support enhancement of agrarian signed in Tajikistan, the Amonatbonk head noted.
According to press release issued by the EBRD on April 2010, the Bank is supporting the development of private sector in Tajikistan with a $2 million financing package to Amonatbonk for on-lending to small and medium farmers and to stimulate further growth of foreign trade in Tajikistan. The EBRD financing includes a $1 million revolving credit line under the Tajik Agricultural Finance Framework (TAFF), which will enable Amonatbonk to expand its agricultural loan portfolio, providing much needed seasonal financing to small farmers engaged in crop production. The Bank is also extending to Amonatbonk a $1 million trade finance facility, helping it to launch trade finance services. The funds will be used to support Tajik exporters through various trade guarantee facility instruments.
