DUSHANBE, December 16, 2009, Asia-Plus — The global financial crisis has affected basic indictors of open joint-stock company (OJSC), Tojik Sodirot Bonk, this year, Tojiddin Pirov, the head of the TSB Supervisory Board, said in an interview with Asia-Plus.
“However, the bank is continuing to dynamically develop despite these objective reasons,” Pirov said.
According to him, TSB’s assets have increased by 52 million somoni in eleven months to December 2009, reaching 545 million somoni. The bank’s deposit base has increased by 10 million U.S. dollars over the same eleven-month period.
TSB was established in December 1990 as the Tajik branch of the Vnesh Econom Bank 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 and last year, it was renamed as Tojik Sodirot Bonk or TSB.
Headquartered in Dushanbe, TSB has 11 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.
