Agroinvestbonk provides more some 757.5 mln somoni in loans this year

DUSHANBE, December 16, 2009, Asia-Plus  – In January-November this year, open joint-stock company (OJSC) Agroinvestbonk, which is one of the largest commercial banks in Tajikistan, has provided some 757.5 million somoni (equivalent to more than 173 million U.S. dollars) in loans, which 11.4 percent fewer than in the same period of last year, according to […]

Payrav Chorshanbiyev

DUSHANBE, December 16, 2009, Asia-Plus  – In January-November this year, open joint-stock company (OJSC) Agroinvestbonk, which is one of the largest commercial banks in Tajikistan, has provided some 757.5 million somoni (equivalent to more than 173 million U.S. dollars) in loans, which 11.4 percent fewer than in the same period of last year, according to Agroinvestbonk’s head office in Dushanbe.

Over the report period, Agroinvestbonk has provided microloans for more than 257.3 million somoni, which is 21.1 percent fewer than in January-November 2008.  Microloans accounted for 34 percent of the overall amount of loans provided by Agroinvestbonk over the first eleven months of this year.

Over the same eleven-month period, the dollar and euro remittances to the bank have decreased 33.6 and 27.3 percent respectively, while the Russian ruble (RR) remittances have rose 23 percent over the report period.

Physical entities have remitted more than US$433.276 million, more than €2.174 million and RR6.855 billion to the bank in January-November 2009.

Attracted resources and loans rose 41.5 percent in the year to November 30, 2009, reaching more than 795 million somoni.

Agroinvestbonk’s assets rose 47.9 percent in the year to November 30, 2009, reaching some 1.198 billion somoni and its liabilities rose 37.4 percent over this period, reaching more than 942.349 million somoni.  As of November 30, 2009, the bank’s capital amounted to nearly 255.5 million somoni.

Founded in 1992, Agroinvestbonk, with headquarters in Dushanbe, has main branches in Khorog, Khujand, Kulob and Qurghon Teppa and 61 other branches across the republic.

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