Labor migrants’ remittances to Amonatbonk decrease by 39 percent

DUSHANBE, July 9, 2009, Asia-Plus  — Over the first six months of this year, Amonatbonk (Tajikistan’s savings bank) has provided 87.7 million somoni (equivalent to19.9 million U.S. dollars) in loans to some 5,000 customers, Mahmadamin Mahmadaminov, the chairman of Amonatbonk’s board, announced at a press conference in Dushanbe on July 8. As of July 1, […]

Payrav Chorshanbiyev

DUSHANBE, July 9, 2009, Asia-Plus  — Over the first six months of this year, Amonatbonk (Tajikistan’s savings bank) has provided 87.7 million somoni (equivalent to19.9 million U.S. dollars) in loans to some 5,000 customers, Mahmadamin Mahmadaminov, the chairman of Amonatbonk’s board, announced at a press conference in Dushanbe on July 8.

As of July 1, 2009, a loan portfolio balance amounted to 233 million somoni, which is 16 percent more than of the same date of last year, according to him.

“Amonatbonk’s net profit over the report period has amounted to 2.7 million somoni,” said Mahmadaminov, “The bank’s aggregate capital tripled in the year to June 30, 2009, reaching 109 million somoni and its assets rose 36.7 percent in the year to June 30, 2009, reaching 493 million somoni.”

The Amonatbonk head noted that deposits of legal and physical entities in the bank rose 27 percent in the year to June 30, 2009, reaching 316 million somoni.

Mahmadaminov noted that labor migrants had remitted 85.5 million U.S. dollars to Amonatbonk’s branches throughout the country over the first six months of this year, which was 39 percent fewer than in the same period of 2008.  

Article translations:
Оби зулол

Most Read

Join us on social media!

Aura

Recent Articles

Why Central Asia Needs Chinese Buses: A Report from the Yutong Factory

Today, Yutong is one of the main players in the market, having already delivered thousands of buses to the region: with adaptation to local conditions, service, and digital monitoring.

Emomali Rahmon shakes up officials

SCNS, MFA, State Television and Radio, and other structures

Tajikistan attracted €10 million for the modernization of the oncology center in Dushanbe

The Republican Oncology Research Center will be equipped with European equipment.

The export of Tajik electricity via the CASA-1000 line expected to begin next summer

This is promised by representatives of the company, the contractor for the Afghan section of this interregional power line.

ADB allocated $29.3 billion in 2025 to strengthen resilience in Asia and the Pacific

The bank allocated $8.3 billion for projects in Central and Western Asia.

Cotton planting starts in Tajikistan: farmers required to sow 70% of land

The Ministry of Agriculture says that no one has the right to force dehkans, but local authorities are exerting increasing pressure.

Against the backdrop of bombings of Iran, Tajik-Iranian bilateral trade decreased by almost 10%

The reduction in exports amidst the growth in imports has exacerbated the trade imbalance between Tajikistan and Iran.