DUSHANBE, July 10, Asia-Plus — Tajikistan’s open joint-stock company (OJSC) TojikSodirotBonk (TSB) has introduced a money transfer system UniStream for its customers.
According to the TSB head office in Dushanbe, TojikSodirotBonk and a Moscow-headquartered OJSC commercial bank UniStream signed a general cooperation agreement in Dushanbe on June 19.
The source at TSB said that the UniStream money transfer system differs from other money transfer systems not only by simplicity of registration of its clients but also by convenient software for bank employees. “As far as commission is concerned, it amounts to 1.5 percent of remittance,” the TSB said.
The source added that TSB now carries out money transfer transactions via ten money transfer systems: Anelik; Contact; Bystraya Pochta; InterExpress; Migom; Western Union; Allur, Caspian Money Transfer; Blizko and UniStream.
UniStream is a Moscow-headquartered money transfers network, offering a wide range of money transfer services to the clientele around the world. The UniStream money transfer system has been operating and expanding since 2001. It was founded by the Uniastrum bank, and has grown into a network with over 25,000 agents’ outlets where UniStream services are available, in 85 countries worldwide. Recognized as one of the most rapidly developing international money transfer networks in the former Soviet Union. Started in the Russia, UniStream has transformed itself into the efficient, modern network spanning across North America, Latin America, Central Africa, Australia, Eastern and Western Europe, Asia and the CIS countries. The company has partnership agreements with over 200 financial institutions worldwide, jointly developing a smooth, secure and robust money transfer system.
TSB was established in December 1990 as the Tajik branch of the VneshEconomBank of the former Soviet Union, and it initially specialized in trade and import-export banking. Later this branch was reorganized into a Joint-Stock Commercial Bank “Tajikvnesheconombank”. In June 1999 the bank was renamed and registered as TojikSodirotBonk or TSB.
Headquartered in Dushanbe, TSB has 9 branches in the main cities of Tajikistan and covering all regions of the country. Its clients include the biggest Tajik trading companies, other enterprises, entrepreneurs, and some of the embassies and diplomatic organizations based in Dushanbe.
According to the National Bank of Tajikistan (NBT), TSB’s regulative capital amounted, as of May 1, 2007, to 50.4 million somonis.
