PANJAKENT, November 5, 2008, Asia-Plus  -- An official opening of the branch of Tojiksodirotbonk (TSB) was held in the northern city of Panjakent on November 4.    

Speaking in an interview wit Asia-Plus, the Panjakent branch director Bahrom Hotamov said that 12 specialists now work with the branch.  “The branch staff is expected to be increased to 18 by the end of this year,” Hotamov said, noting the Panjakent branch is the first TSB’s branch in the Zarafshon valley.  

The Panjakent branch has brought the total number of the bank’s branches across the country to 11.

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 now 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.