KULOB, May 2, Asia-Plus  -- On Wednesday April 30, Tojiksodirotbonk (TSB) opened a money-transfer office in the border village of Yol, Khatlon’s Shuroobod district.  

The head of the TSB branch in Kulob, Abduhalim Nematov said that residents of Yol and nearby villages now can receive money at that office. 

“We also plan to open a microlending office in this village within the next few days,” Nematov said, noting that they have also reached an agreement with administrators of the Surkhob jamoat in the Farkhor district on opening such office there as well.  

TSB was established in December 1990 as the Tajik branch of the Vnesh Econom Bank of the former Soviet Union, and it initially specialized in trade and import-export banking.  Later this branch was reorganized into a Joint-Stock Commercial Bank “Tajikvnesheconombank”. In June 1999 the bank was renamed and registered as Tojiksodirotbonk or TSB.

Headquartered in Dushanbe, TSB has 11 branches in the main cities of Tajikistan and covering all regions of the country.  Its clients include the biggest Tajik trading companies, other enterprises, entrepreneurs, and some of the embassies and diplomatic organizations based in Dushanbe.