Tajikistan’s trust in banks grows

Deposit balance of Tajik credit organizations for early May this year exceeds 4.5bln Somoni (more than $950mln), press service of the Tajik National Bank reported. This is 24% more as compared to the same period last year. “If we take a look at the structure of deposit balance we’ll see that deposits of legal entities […]

Payrav Chorshanbiyev

Deposit balance of Tajik credit organizations for early May this year exceeds 4.5bln Somoni (more than $950mln), press service of the Tajik National Bank reported. This is 24% more as compared to the same period last year.

“If we take a look at the structure of deposit balance we’ll see that deposits of legal entities make 42.6% or 1 928.5mln Somoni while deposits of individual persons make 57.4% or 2 596.6mln Somoni. The second index – the volume of deposits of natural persons – has increased by 2% in April this year,” the Tajik central bank has said.

As the national bank reports, Weighted Average Interest Rate in deposits in national currency in January-April this year made 16.66% and 13.64% in foreign currency.

Tajik National Bank believes that the growth in the volume of deposit balance is directly connected with the growing trust in Tajikistan’s banks.

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