Despite problems with money withdrawal that occurred in some banks this year, public’s trust in local banks is increasing, Jamshed Nourmuhammadzoda, the head of the National Bank of Tajikistan (NBT), told lawmakers on December 1.
According to him, bank deposits rose 13 percent in a year to November 30, 2106, reaching 9.5 billion somoni, rising public’s trust in the country’s banking sector.
Over the first eleven months of this year, Tajikistan’s banks have provided 5.8 billion somoni in loans, Tajik central bank head noted.
On the issue of the money withdrawal problem facing some banks, Nourmuhammadzoda noted that a working group, led by Prime Minister Qohir Rasoulzoda, would meet in Dushanbe on December 2. “I am sure that the issue will be solved,” the NBT head added.
Tajikistan’s banks have been hit hard by the country’s economic problems, much of them linked to declining exports and remittances with Russia, which have left many of the country’s businesses and individuals unable to repay their loans to banks and microfinance institutions.
