DUSHANBE, October 24, 2014, Asia-Plus — The remainder of loans provided by Tajik banks rose more than 25 percent in a year to November 30, 2014, reaching more than 9.037 billion somoni (equivalent to more than 1.7 billion U.S. dollars), according to the National Bank of Tajikistan (NBT).
5.01 billion somoni (54.9 percent) have been provided in short-term loans and 4.02 billion somoni (45.1 percent) have been provided in long-term loans.
Last month, the weighted average interest rate for loans provided in the national currency was 24.7 percent and the weighted average interest rate for loans provided in foreign currencies was 23.32 percent, Tajik central bank noted.
The volume of micro loans provided over the first eleven months of this year has reportedly risen 29.4 percent compared to the same period last year.
Over the same eleven-month period, 1.03 billion somoni have been provided in microloans to entrepreneurs in remote mountain areas, which was 27.4 percent more than in the same period last year.
According to Tajik central bank, 141 lending organizations, including 17 banks, one non-bank credit institution, 41 microloan deposit organizations, 43 microloan organizations and 39 microloan funds now operate in Tajikistan.
