The European Bank for Reconstruction and Development (EBRD) and the State Savings Bank of the Republic of Tajikistan “Amonatbonk” agreed to stimulate lending to the country’s real sector in national currency.
The Memorandum of Understanding was signed by the Chairman of Amonatbonk, Ikromi Sirojiddin Salom, and the EBRD Managing Director for Financial Institutions, Francis Malige. The memorandum will allow the EBRD and Amonatbonk to begin working together on new mechanisms to support Tajik micro, small and medium-sized enterprises (MSMEs) and individual entrepreneurs.
They will help Tajik financial institutions increase lending to MSMEs in national currency.
Founded in 1885, Amonatbonk is the oldest lender in Tajikistan and currently serves almost 2.5 million customers, including 2.3 million depositors through 4 regional and 71 municipal branches and approximately 550 banking service centers throughout Tajikistan, including in the Gorno-Badakhshan Autonomous Region, where the presence of financial institutions is limited.
In 2023, the EBRD celebrates the 30th anniversary of Tajikistan’s accession to the Bank. To date, the EBRD has invested more than €900 million in almost 160 projects in the country.
Source: Asia Plus TJ