DUSHANBE
, May 18, Asia-Plus – By resolution of Tajik central banks board the Closed Joint-Stock Company (CJSC) “KafolatBonk” stopped its activity on May 18, according to information from the National Bank of Tajikistan (NBT). .
As it had been reported earlier, by resolution of the NBT Board a provisional administration has been appointed at the CJSC “KafolatBonk” since it last year finished its activity at a lost and has failed to form the minimal authorized capital determined at 14,850,000 Somonis (equivalent to US$5 million).
Under one of provisions of the resolution the Tajik central bank’s board gives its consent to transformation of “KafolatBonk” into “Credit Society “Kafolat” and appointment of Shohin Salimov chairman of the credit society’s board as well as opening of its branch in Khujand, the capital of the Sughd province.
In connection with transformation of “KafolatBonk” into “Credit Society “Kafolat”, the previously granted licenses for banking transactions were replaced and the credit society is barred from drumming up deposits of physical entities until it makes its activity profitable.
