“Tojiksodirotbank” resumes operations on money transfers

Temporary administration "Tojiksodirotbank" (TSB) informs about the renewal of transactions on money transfers from the 1st of September this year. According to the report of the public corporation "Tojiksodirotbank", in order to protect the rights of clients temporary administration is taking a number of measures to restore banking operations. "From the 1st of September, 2016, […]

Asia-Plus

Temporary administration "Tojiksodirotbank" (TSB) informs about the renewal of transactions on money transfers from the 1st of September this year.

According to the report of the public corporation "Tojiksodirotbank", in order to protect the rights of clients temporary administration is taking a number of measures to restore banking operations.

"From the 1st of September, 2016, operations on money transfers across its branch network have been resumed ", – noted in the Bank.

"Now the customers, – underlined in the message, – based on the capabilities of the branch will be able to receive remittances from abroad for the following systems: “Zolotaya Korona”, “Contact”, “Unistream”, “Western Union”, “Interexpress”, “Caspian Money Transfer”.

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.

On the 18th of May the National Bank of Tajikistan has appointed provisional administration in the credit institution for a period of three months to "improve financial condition" and "protect the interests of depositors and creditors of the Bank".

On the 18th of August the NBT extended the term of office of the provisional 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 the experts of the NBT, is the “first full-fledged recovery of "Tojiksodirotbank" through its recapitalization and the conducting of active operations for the recovery of problem loans and timely implementation of the Bank's liabilities before the depositors and creditors, as well as the resumption of its activities as a full-fledged competitive system-forming Bank”.

Article translations:

Related Articles

Оби зулол

Most Read

Join us on social media!

Recent Articles

How did Sadriddin Ayni live? We created a video reconstruction

Today marks the 148th anniversary of the great writer, scholar, and public figure of Tajikistan.

Trump announces possible resumption of U.S.-Iran talks

Pakistan is once again actively working on their organization.

Six international organizations have urged Tokayev to stop the persecution of journalists in Kazakhstan

According to human rights activists, the lack of decisive measures to protect the press may undermine the credibility of the "New Kazakhstan" development program.

Sherali Kabir Discussed the Creation of Tajikistan’s AI Ecosystem with the Management of Goldman Sachs

One of the world's largest investment banks may participate in the implementation of strategic AI projects in the republic.

Iran Intends to Seek Compensation Payments from Five Arab Countries

It concerns Bahrain, Jordan, Qatar, the UAE, and Saudi Arabia.