Questions of the support of “Tajiksodirotbank” were discussed last week at the meeting of the temporary administrator of the Bank with a delegation of the International Monetary Fund (IMF) led by Paul Ross. As reports a press-service of "Tojiksodirotbank", during the meeting the guests were familiarized with the current situation of the Bank and undertaken by the interim administration measures for its improvement. "The parties exchanged opinions on the bilateral cooperation, strengthening and necessary assistance in the framework of the Program of broad lending mechanism of IMF," – stated in the message.
It is noted that "Paul Ross expressed his satisfaction with the results of the meeting with the Temporary administrator of the Bank". Note that since the beginning of this year, “Tojiksodirotbank” is in a difficult financial situation. In connection with the lack of financial resources the Bank is unable to timely and fully serve their customers. In this regard, on May 18 the National Bank of Tajikistan has appointed to the credit institution provisional administration for a period of three months to "improve financial condition" and "protect the interests of depositors and creditors of the Bank". On 18th of August NBT extended the term of office of the interim administration in the Bank for another three months. "This measure is aimed at full recovery of operation of the Bank", – reported the press service of the regulator. The main current priority, according to experts of NBT, is the "first full-fledged recovery of "Tojiksodirotbank" through its recapitalization and by conduct active operations for the recovery of problem loans and timely implementation of the Bank's liabilities to depositors and creditors, as well as the resumption of its activities as a full-fledged competitive system-forming Bank. The report noted that at the moment the NBT continues the dialogue with European Bank of reconstruction and development, and plans the involvement of the EBRD together with the International monetary Fund and the World Bank to develop a comprehensive program of support of TSB.
