Tuesday, July 03, 2012 -
Public trust in Tajikistan’s banking system is growing, if the analysis based on official figures published Tuesday is on target.
The National Bank of Tajikistan, Tajikistan’s central bank, said deposits held by the country’s lenders have grown by one-fifth this year to $950 million.
An official at the NBT said deposits made to the country’s banks rose by 20.5 percent over the first five months of 2012.
It marks the second consecutive year that deposits have risen in Tajik banks. In 2011, deposits rose by 12 percent.
“This is evidence of an increase in people’s trust in local banks,” the independent Tajik-based news agency Asia-Plus reported the unidentified banking official as saying.
Deposits by private individuals amounted to 60.5 percent of the value of deposits, while the remaining portion was placed by companies, he said.
The banker said local currency deposits carry a weighted average interest rate of 15.82 percent at the moment versus 13.62 percent for foreign currencies.