Closed Joint-Stock Company (CJSC) Spitamen Bank has reportedly cut interest rates on loans.
The First Deputy Head of the Spitamen Bank Board, Umedjon Hikmatov, says the interest rate on all types of loans provided in the national currency, the somoni, has been cut by 6.0 percent.
“In the framework of the action, the new annual interest rates are 13 percent for dollar loans and 20 percent for loans provided in the national currency, the somoni,” Hikmatov said.
Besides, the bank reportedly gives six-month loam recesses and benefits to its customers suffering from novel coronavirus (COVID-19).
“The bank gives an extension of loan payment both those who have contracted COVID-19 and those who have been put into quarantine or have lost their jobs due to the pandemic,” Hikmatov told Asia-Plus in an interview.
To get such a deferment, a customer should contact the nearest Spitamen Bank’s branch in writing, the Spitamen Bank management said.
Spitamen Bank, with headquarters in Dushanbe, now has sixteen branches across the country, including five located in Dushanbe.
Spitamen Bank started its Microcredit Deposit Organization in the country as Spitamen Capital in 2008 leading to a banking license from the National Bank of Tajikistan by 2014. The company holds the license for banking operations in both local and foreign currency.
In 2013, the Closed Joint Stock Microcredit Deposit Organization 'Spitamen Capital' was named the winner of the BID International Arch of Europe Award; an award presented to organizations focusing on a high standard of quality.
Currently, Spitamen Bank is considered one of the most active and technology-driven banks in the country.
