DUSHANBE, May 15, Asia-Plus -- By resolution of the Board of the National bank of Tajikistan (NBT) the Closed Joint-Stock Company (CJSC) “KafolatBonk” has been transformed into the CJSC “Credit Society – Kafolat”, according to Mr. Turakhon Haqnazarov, the head of the banking supervision and licensing department of the National Bank of Tajikistan.    

Mr. Haqnazarov says the NBT board has passed such a resolution because “KafolatBonk” last year finished its activity at a lost and has failed to form the minimal authorized capital determined at 14,850,000 Somonis (equivalent to US$5 million).

At present the provisional administration is working at “KafolatBonk”.  “The Tajik central bank’s board passed a resolution on introduction of provisional administration of “KafolatBonk” in March already,” the Tajik central bank official said, adding that the issue of appointment of new leadership of “Credit Society - Kafolat” will be solved in the summer this year.