Today, on August 25th with the participation of the Founder of Peace and National Unity - the Leader of the Nation, the President of the Republic of Tajikistan, His Excellency Emomali Rahmon held a solemn ceremony of opening a new building of the branch of CJSC "Spitamen Bank " in Kurgan-Tube.
The National Bank of Tajikistan (NBT) is willing to share received funds from the Islamic Development Bank (IDB) with consulting companies. As reports the press service of the regulator, the IDB has allocated loan funds and technical assistance for NBT for the implementation of the project "Microfinance in Tajikistan". The amount of received funds is not specified. It is noted that a portion of these funds will be used for consulting services, particularly on the realization of audits of financial project report and the report of the audit.
DUSHANBE, August 18, 2016, Asia-Plus – The Open Joint-Stock Company (OJSC) Bank Eskhata plans to issue corporate bonds and place them in the Central Asian Stock Exchange, the head of the Bank Eskhata Board, Khurshed Nosirov, announced at the investment forum in Dushanbe on August 18. According to him, the bank plans to issue 200,000 corporate bonds, valued at 20 million somoni, within the next few days. The face value of one corporate bond is 100 somoni.
DUSHANBE, August 18, 2016, Asia-Plus -- The National Bank of Tajikistan (NBT) has extended the terms of powers of a caretaker administration introduced in the Open Joint-Stock Company (OJSC) Tojik Sodirot Bonk (TSB. In a statement released on August 18, the NBT notes that the terms of powers of the care administration have been extended for another three months. “The decision to extend the terms of powers of the caretaker administration has been made for the purpose of providing full-fledged operation of the bank,” the NBT noted.
DUSHANBE, August 17, 2016, Asia-Plus – The Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), and the Republic of Tajikistan signed a US $40 million loan agreement on August 15. The EDB notes that the loan will be provided to support economic reforms in the country in 2016-2017 in two equal tranches. The signatories on the part of EDB and Tajikistan were Dmitry Pankin, Chairman of the Management Board, and Abdusalom Qurboniyon, Minister of Finance, respectively.
DUSHANBE, August 16, 2016, Asia-Plus – The Eurasian Development Bank (EDB), as the Resources Manager of the Eurasian Fund for Stabilization and Development (EFSD), and the Republic of Tajikistan yesterday a US $40 million loan agreement. According to the EDB, the loan will be provided to support economic reforms in the country in 2016-2017 in two equal tranches.
DUSHANBE, August 12, 2016, Asia-Plus – The Eurasian Development Bank (EDB) yesterday published its financial statements prepared in accordance with the International Financial Reporting Standards (IFRS) for the first six months of 2016. EDB reportedly had a record high net profit of US $40.7 million in the period, compared to previous similar periods, over the entire period of its operations.
DUSHANBE, August 11, 2016, Asia-Plus -- Last time we talked about the group lending, today we have prepared material about risks of getting loans from private individuals, says an official press release issued by Spitamen Bank. “Along with a lot of financial institutions (18 banks and about 116 microfinance institutions), providing credits and loans are also involved and private individuals. The activities of most of the private lenders, in fact - usury as "loans" are issued at a very high interest rate and it is illegal.
DUSHANBE, August 10, 2016, Asia-Plus -- The National Bank of Tajikistan (NBT) has extended the terms of powers of the caretaker administration imposed on Closed Joint-Stock Company Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) In a statement released on August 3, the NBT notes that the terms of powers of the Tajprombank caretaker administration have been extended for another three months.
DUSHANBE, August 10, 2016, Asia-Plus -- Three microlending agencies operating in different regions of Tajikistan have reportedly been merged into one microlending agency. According to the National Bank of Tajikistan (NBT), Limited Liability Company “Madina va Hamkoron” with headquarters in Khorog, Gorno-Badakhshan Autonomous Region (GBAO), Closed Joint-Stock Company “Rushdi Zanon” with headquarters in Panjakent, Sughd province, and Closed Joint-Stock Company “Kishovarzon” with headquarters in Kolkhozobod, Khatlon province, have decided to merge into one microlending agency.