KULOB, September 20, Asia-Plus — Head office of AgroInvestBonk in Kulob today gave the next tranche to the farm Khatlon in the Kulob district for paying wages of cotton farmers for the last ten-day period. 

Sayfiddin Qadamov, head of AgroInvestBonk’s head office for the Kulob region of Khatlon, said in interview with Asia-Plus that the bank intends to expand financing of the cotton-growing sector in the future, and this year, AgroInvestBonk has concluded a contract with the farm Khatlon on production of cotton on the area of 500 hectares. 

“Both sides are satisfied with the mutually beneficial cooperation,” the banker said, noting that AgroInvestBonk has provided 9.893 million somonis in “rural” loans to farmers in the Kulob region over the first eight months of this year, which is 57 percent of loan portfolio of the bank’s office in Kulob.

 “The Kulob district alone has received 3.4 million somonis in loans so far this year,” Qadamov said.    

AgroInvestBonk is one of Tajikistan’s largest commercial banks.  Founded in 1992, AgroInvestBonk, with headquarters in Dushanbe, has main branches in Khorog, Khujand, Kulob and Qurghon Teppa and 57 other branches across the republic. AgroInvestBonk’s declared capital includes 270,000 shares, valued at 27 million somonis. The face value of one share is 100 somonis.