Tajikistan's Banking System Issues Billions In Loans Over Past Five Years
Date
12/28/2024 2:11:42 AM
(MENAFN- Trend News Agency)
DUSHANBE, Tajikistan, December 28 . Tajikistan's
banking system has issued more than 80 billion somoni ($7.3
billion) in loans over the past five years, President Emomali
Rahmon announced during his address to the country's parliament,
Trend reports.
To continue this progress, Rahmon stressed that the National
Bank must take steps to enhance public trust in the banking system,
attract more deposits from individuals and businesses, and expand
the digital banking and financial services sector.
The president also called for concrete measures to establish
branches of commercial banks and other credit institutions,
increase the availability of loans with relatively low interest
rates, and ensure access to quality banking services, particularly
in the remote areas of the country.
As of September 30, 2024, Tajikistan has 63 credit and financial
organizations, including 14 traditional banks, 1 Islamic bank, 1
non-banking credit organization, 19 microfinance deposit
organizations, 3 microcredit institutions, and 25 microcredit
funds.
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