The Closed Joint-Stock Company (CJSC) International Bank of Tajikistan (IBT) is the first financial institution to purchase bonds of the Ministry of Finance of Tajikistan (MOF). The bank has reportedly purchased the MoF bonds in the amount of 30 million somonis.
The International Bank of Tajikistan has also become the first financial institution to purchase the government bonds on the Central Asian Stock Exchange (CASE).
Press release issued by the IBT, in particular, notes that “repeated participation of the International Bank of Tajikistan on the CASE trading platform will undoubtedly have a long-term impact on the stock market and open doors for other major players, setting new standards in investment practice.”
CJSC International Bank of Tajikistan that was established in April 2014 as the microfinance organization “Standart Moliya” (Standard Finance) was upgraded into a commercial bank on February 29, 2016.
The bank’s stakeholders reportedly include a private company and a group of nationals of Tajikistan.
The IBT, with headquarters in Dushanbe, currently has fifteen branches and twelve banking service centers in several districts and cities across the country. The bank's auditor is BAKER TILLY TAJIKISTAN.
The Central Asian Stock Exchange (CASE) was founded in 2015. The main goal of CASE is reportedly in providing a convenient, transparent, reliable investment environment for local and foreign investors.
