In Tajikistan, interest rate for loans provided in the national currency has increased, while interest rate for loans provided in foreign currencies has decreased.
According to data from the National Bank of Tajikistan (NBT), the weighted average interest rate for loans provided in the national currency over the first four months of this year has increased by 2.92 percent from 27.57 percent in January to 30.49 percent in April.
Meanwhile, the weighted average interest rate for loans provided in foreign currencies over the same four-month period has reportedly decreased by 0.97 percent – from 17.97 percent in January to 17.00 percent in April.
By April 1, 2018, the total loan portfolio of Tajik banks reportedly amounted to 8.205 billion somoni.
The share of non-performing loans (NPLs) in the total loan portfolio of Tajik banks is estimated at 23 percent, while the maximum allowable rate is 10 percent.
As of April 1 2018, a total volume of non-performing loans of Tajik banks and microfinance organizations amounts to 1.878.9 billion, according to the Agency for Statistics under the President of Tajikistan.
Some 30 percent of the non-performing loans had been provided in the national currency, the somoni, and more than 70 percent of the non-performing loans had been provided in foreign currency.
Over the first three months of this year, Tajik banks’ non-performing loan (NPL) volume has reportedly decreases by nearly 100 million somoni.
