DUSHANBE, January 21, 2009, Asia-Plus  -- At present, there are more than 470 deposits with fixed period in the Bonki Rushdi Tojikiston (Tajikistan Development Bank or TDB), according to press release issued by TDB today.

28.2 percent of a total amount of the deposits with fixed period is kept in national currency (somoni), 63.5 percent in US dollars, 6.9 percent in euros and 3.4 percent in the Russian rubles.

Despite the ongoing financial crisis, the bank’s financial indices improved though last year and its liquidity is now at high level, estimated at more than 120 percent, according to press release.

No case of withdrawal of money from deposit accounts before the fixed period has been reported so far.  All fixed deposits are kept in accordance with the concluded agreements and in some cases, customers give consent to extension of the deposit period, press release said.

Bonki Rushdi Tojikiston is member of the Populations’ Deposits Insurance Fund and acts in compliance with the provisions of the RT Law “On Insurance of Deposits of Private individuals.”  Under this law, the bank set up the fund to insure population’s deposits and means of this fund are kept in the National Bank of Tajikistan (NBT).

We will recall that the NBT passed a resolution permitting the establishment of the Tajikistan Development Bank (TDB) on September 19, 2006.  The bank was established as a closed joint stock company under Article 43 of the law “On the National Bank of Tajikistan” and Articles 17 and 19 of the law “On Banks and Banking Activity.”

TDB now offers a broad range of services, including accepting deposits in national and foreign currencies, cash operations, providing short-term and long-term loans, etc.