DUSHANBE, November 11, 2010, Asia-Plus — Two banks — Sohibkorbonk and Kafolatbonk — and three non-bank credit organizations – Finansirovaniye Torgovli, Renessans-Kapital and Vaslat – have failed to comply with the National Bank of Tajikistan (NBT)’s minimum capital requirements, which have been revised upwards to 30 million somoni for banks and 20 million somoni for non-bank financial institutions, according to NBT.
“Financial statements for the first nine months have shown that Kafotbonk’s regulative capital amounts to 15.2 million somoni, while Sohibkorbonk’s regulative capital is 8.6 million somoni,” the source at NBT said. “In the meantime, a total amount of regulative capital of the mentioned three non-bank financial institutions is only 3.2 million somoni.”
Over the same nine-month period, twelve banks have continued complying with NBT’s minimum capital requirements and a total declared capital has amounted to 855,432,890 somoni, the source said.
At present 14 banks, three non-bank credit organizations, one non-bank financial institution and 120 microfinance organizations operate in Tajikistan. Five banks are at the stage of liquidation.
