DUSHANBE, February 25, Asia-Plus  -- Closed joint-stock company Tajikistan Development Bank (TDB) has reduced loan interest rates, the TDB press service said.

Interest rate on loans providing in foreign currencies has been reduced from 30 to 20 percent and interest rate on loans provided in national currency (somoni or TJS) has been reduced from 24 to 20 percent.  Besides, the bank provides loans to farming units at 18 percent annual interest.               

This year, TDB plans to open its new branches in remote mountain areas, including transaction office in the settlement of Gharm, Rasht district.

Last year, the bank opened its transaction offices in Dushanbe and Qurghon Teppa and a branch in the Rudaki district.