DUSHANBE, July 19, Asia-Plus — Representative office of Kyrgyzstan’s FinansCreditBank (Financial Credit Bank) has been opened in Dushanbe.

Touraqul Haqnazarov, the head of the department for banking supervision and licensing of the National Bank of Tajikistan (NBT), told Asia-Plus that FinansCreditBank positions itself as a modern bank offering a broad range of services with optimal interest rates.  

According to him, priorities and main directions of FinansCreditBank’s activity include development of retail (consumer and mortgage crediting), attraction deposits from population and organizations, etc.  

The Tajik central bank official also noted that Kazakhstan’s Bank TuranAlem had curtailed its activity in Tajikistan.  “TuranAlem Bank’s local office was opened in Dushanbe in August 2005 and it was mainly engaged in studying state of market in Tajikistan as well as fulfilled commercial tasks of the bank’s head office,” Haqnazarov said.  

“At present representative office of Kazakhstan’s Kazkommertsbank is continuing its activity in Tajikistan, and the Kazakh bank intends to open its branch here,” the central bank official said.