Agroinvestbonk provides loans in more than $73 mln n H109

DUSHANBE, July 15, 2009, Asia-Plus — Over the first six months of this year, open joint-stock company (OJSC) Agroinvestbonk has provided some 324 million somoni (equivalent to more than 73 million US dollars) in loans, which is 42.6 percent fewer than in the same period of last year, according to Agroinvestbonk’s head office in Dushanbe. […]

Payrav Chorshanbiyev

DUSHANBE, July 15, 2009, Asia-Plus — Over the first six months of this year, open joint-stock company (OJSC) Agroinvestbonk has provided some 324 million somoni (equivalent to more than 73 million US dollars) in loans, which is 42.6 percent fewer than in the same period of last year, according to Agroinvestbonk’s head office in Dushanbe.

The bank has provided microloans for a total amount of 143.3 million over the report period, which is 36.9 percent fewer than in January-June 2008.  In January-June 2009, microloans accounted for 44.2 percent of the overall volumes o loans provided by Agroinvestbonk over the report period.

Over the same six-month period, the dollar and the euro remittances from physical entities to the bank have decreased by 37.9 and 13.7 percent respectively while the Russian ruble (RR) remittance over the report period have increased by 57.9 percent.

In January-June 2009, physical entities have remitted to Agroinvestbonk Russian rubles for an amount equivalent for some 3 billion somoni, dollars for an amount equivalent to 178,679,972 somoni and euros for an amount equivalent to 1,074,865 somoni.

As of June 30, 2009, credit balance has amounted to more than 568 million somoni, which is 4.9 percent fewer than of the same date of last year.

Agroinvestbonk’s assets rose 14.2 percent in the year to June 30, 2009, reaching 940.7 million somoni and the bank’s liabilities rose 5.2 percent over the report period, reaching 737.3 million somoni.  As of June 30, 2009, the bank’s capital has amounted to 203.4 million somoni.

Founded in 1992, Agroinvestbonk, with headquarters in Dushanbe, has main branches in Khorog, Khujand, Kulob and Qurghon Teppa and 61 other branches across the republic.

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