The Investment and Credit Bank, Tajikistan (ICB) has announced a reduction of interest rates for business loans as part of its ongoing efforts to support small and medium-sized enterprises (SMEs) and stimulate economic growth.
A statement released by the bank says entrepreneurs can now access loans of up to 3 million somonis with annual interest rates starting from 15%, for terms of up to 48 months.
According to ICB, this initiative is designed to expand access to financing for local businesses and aligns with the bank’s broader strategy to promote national economic development.
“We understand the financial challenges, which entrepreneurs face. Reducing interest rates is a concrete step towards supporting business growth and delivering greater value to our clients,” said Mirzosafar Safarov, Chief Executive Officer of ICB.
The official renaming of the Bank took place on October 21, 2024. The brand name of the Bank is ICB.
Over the past twenty years of its activity, CJSC The First Microfinance Bank has earned respect and a solid reputation among its customers and international organizations operating in Tajikistan through comprehensive development. In light of this, the Bank has decided to focus its activities on achieving a more active role in the banking sector of Tajikistan and aspiring to become a solid and stable financial institution to realize its comprehensive and ambitious plans. As a result, the Bank was renamed The Investment and Credit Bank, Tajikistan
Established in 2003, The First Microfinance Bank was the first commercial bank in Tajikistan focusing mainly on microcredit lending. Building upon its strong foundation in the microfinance sector, the bank has expanded its services to better address the diverse financial needs of individuals and legal entities. It has a network of more than 40 branches.
