KHUJAND, October 30, 2010, Asia-Plus — To attract more clients open joint-stock company (OJSC) Eskhata Bank has simplified crediting terms for its customers as much as possible.
According to the Eskhata Bank headquarters in Khujand, loans of up to 3,000 U.S. dollars are now provided without collateral security and repeat customers may get loans of up to 5,000 U.S. dollars after providing 50 percent of collateral security.
“Loans for production purposes are provided at lower annual interest rate,” said Nosirjon Oripov, the head of the credit department, Eskhata Bank. “New customers may get small loans at 28 percent annual interest, while repeat customers may get such loans at 24 percent annual interest.”
Over the first nine months of this year, Eskhata Bank has provided some 188 million somoni in loans and loans provided for development of business accounted for 74 percent of the bank’s loan portfolio, Oripov added.
Established in November 1993, a privately owned Eskhata Bank, with headquarters in Khujand, has 13 branches and 94 money-transfer outlets in various regions of the country. The bank got operating license in 1994.
