DUSHANBE, September 12, Asia-Plus — As of September 10, all commercial banks operating in Tajikistan have fulfilled their obligations on an amount of a minimal authorized capital, which under Tajik legislation should be equivalent to US$5 million.
According to information from the National Bank of Tajikistan (NBT), two banks – open joint-stock company (OJSC) “SohibkorBonk” and closed joint-stock company (CJSC) “InvestBank” – six months ago failed to fulfill their obligations on an amount of the minimal authorized capital. “However, the OJSC ”SohibkorBonk” has managed to reached this index due to deposits of its shareholders and profit of the bank itself,” Turakhon Haqnazarov, the head of the NBT licensing and supervision department, said.
“As far as CJSC “InvestBank” is concerned, it can be closed for failure to fulfill its obligations on the authorized capital,” Mr. Haqnazrov said, adding that four other banks – Ayom Bank, CJSC “SomonBonk”, and Central Asian Bank – are also faced with liquidation.
As it had been reported earlier, the Tajik central bank’s resolution # 132 of January 1, 2006 “On the Procedure of Regulation of the Activity of Banks” has determined the minimal authorized capital for banks operating in Tajikistan at an amount equivalent to US$5 million, and for credit societies the minimal authorized capital is determined at $US$300,000.
At present nine banks operate in Tajikistan: OJSC “AgroInvestBonk”; OJSC “OryonBonk”; OJSC “TojikSodirotBonk”; CJSC “TajPromBank”; OJSC Eskhata Bank; OJSC “SohibkorBonk”, AmonatBonk (Tajikistan’s savings bank); First Microfinance Bank; and branch of Iran’s Tejarat Bank in Dushanbe.
