DUSHANBE, December 18, Asia-Plus – Tajikistan’s AgroInvestBonk has established correspondent relations with Citibank (New York).
According to AgroInvestBonk, an agreement on the establishment of correspondent relations was signed on December 14.
A source at AgroInvestBonk said that the correspondent relations with Citibank will allow AgroInvestBonk expanding a range of its services.
“Today, AgroInvestBonk has correspondent relations with 23 banks in seven countries across the world: the United States, Germany, Russia, Kazakhstan, Kyrgyzstan, China and Afghanistan,” the source said, noting that customers of AgroInvestBonk now may transfer money to these countries without any problems.
Founded in 1992, AgroInvestBonk, with headquarters in Dushanbe, has main branches in Khorog, Khujand, Kulob and Qurghon Teppa and 57 other branches across the republic. AgroInvestBonk’s declared capital includes 270,000 shares, valued at 27 million somonis. The face value of one share is 100 somonis.
Citibank is a major international bank
, founded in 1812
as the City Bank of New York. Citibank is now the consumer and corporate banking arm of financial services giant Citigroup, the largest company of its kind in the world. It is the third largest bank I the United States by holding nehind Bank of America and JP Morgan Chase & Co.
