DUSHANBE, October 26, 2015, Asia-Plus – Jamshed Nourmahmadzoda, Chairman of the National Bank of Tajikistan (NBT), on October 24 met here with Mr. Masahiko Oshima, Chief Executive Officer (CEO) of the Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE).
According to the NBT press center, Nourmahmadzoda briefed SMBCE CEO on the state of Tajikistan macroeconomics and banking system.
He, in particular, noted that Tajikistan’s banking system has faced a number of problems as a result of the global financial and economic crisis. To resolve these problems Tajikistan ought to expand international cooperation attracting technical assistance from donors, Tajik central bank chief said.
Nourmahmadzoda stressed that Tajik central bank was interested in establishment and expand of bilateral cooperation with the Sumitomo Mitsui Banking Corporation Europe Limited on training of specialists for Tajikistan’s banking system, exchange of experience, and attraction of technical assistance for development of information technologies.
Mr. Masahiko Oshima, for his part, supported the proposal on establishment of cooperation between the two banks and expressed hope that SMBCE will make contribution to development of Tajikistan’s economy and banking system, the NBT press center said.
SMBCE CEO reportedly noted that SMBCE was ready to provide technical assistance for development of information technologies and training of personnel for Tajikistan’s banking system.
Mr. Masahiko Oshima also said that SMBCE was ready to establish cooperation with Tajik commercial banks.
The National Bank of Tajikistan is the central bank of Tajikistan. The Bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion.
Established on March 3, 2003, Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE) is UK incorporated subsidiary of the Sumitomo Mitsui Banking Corporation (SMBC). Headquartered in London, SMBCE has offices in Paris, Milan, Amsterdam, Prague, Dublin and Madrid.
Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese multinational banking and financial services company headquartered in Yurakucho, Chiyoda, Tokyo, Japan. It is a wholly owned subsidiary of Sumitomo Mitsui Financial Group. SMBC is the second largest bank in Japan by asset. SMBC was formed by the merger of The Sumitomo Bank and Sakura Bank in April 2001. Sumitomo Bank was a major Japanese bank founded in 1895; Sakura Bank was a descendant of Mitsui Bank, another major Japanese bank founded in 1876, but with operations dating back to 1683, when the Tokugawa Shogunate granted Mitsui Takatoshi permission to act as a money changer.
