We plan to completely solve the problem of non-performing loans (NPLs) this year, the head of Amonatbonk (Tajikistan’s savings bank), Ruhullo Hakimzoda, told Asia-Plus in an interview on February 2.
According to him, the non-performing loans now constitute more than 20 percent of the bank’s loan portfolio.
“We have worked out the strategy on returning these loans,” said Hakimzoda. “This strategy provides for restoration of the bank’s loan portfolio before 2019.”
Besides, a special commission has been set up and its members also include representatives of the National Bank of Tajikistan (NBT), Amonatbonk head noted.
In 2017, Amonatbonk reportedly managed to return more than 430 million somoni of NPLs with interest.
As of January 1, 2018, Amonatbonk’s loan portfolio reportedly included loans worth totaling some 902 million somoni.
Deposits at the bank rose 30.4 percent in a year to December 31, 2017, reaching 2.9 billion somoni. The share of the population’s deposits in Amonatbonk’s time deposit portfolio is 49 percent.
Amonatbonk is the only state-owned bank in Tajikistan. It is one of the oldest in Tajikistan (established in 1925) and one of the largest based upon various criteria – including the number of branches and the number of served clients. The institution is unique in its orientation towards implementing social, pension and other state programs. Amonatbonk has 5 regional centers, 69 branches and nearly 500 agencies. This gives the institution a presence in the most remote mountainous parts of the country.
