Bank deposits reprotedly growing in Tajikistan

DUSHANBE, October 7, 2013, Asia-Plus — The National Bank of Tajikistan (NBT) reports that Tajikistan saw bank deposits grow by 14.5 percent in the first nine months of this year to 5.2741 billion somoni, reflecting the expanding economy and rising public confidence in the banking sector.

According to data of Tajik central bank, individual deposits have reached 3.358 billion somoni (a 63.7 percent rise) and corporate deposits have reached 1.9161 billion somoni (a 36.3 percent rise).

Local currency deposits reportedly carry a weighted average interest rate of 15.53 percent at the moment versus 111.8 percent for foreign currencies.

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