DUSHANBE, May 28, 2009, Asia-Plus  -- Plan of actions of Orienbonk, which is one of Tajikistan’s largest commercial banks, to mitigate effects of the financial crisis were discussed at a meeting of the bank top managers with Dr. Dodo Tens, a lead specialist from Commerzbank AG (Germany), in Dushanbe on May 26, according to Orienbonk’s press service.

Dr. Tens, in particular, noted that Commerzbank AG intended to open another large bank with support of the government despite the global financial crisis.

The sides discussed issues related to open limit for trade financing and specified terms, ways and priorities of use of the open limit.  Dr. Tens pointed out that targeted use was the main criterion of providing the open limit for trade financing.

They also considered a number of other issues, including several proposals such as activation in Forex market and joining the clearing system TARGET 2.

Open joint-stock company (OJSC) Orienbonk is one of the oldest banks in Tajikistan.  Headquartered in Dushanbe, It currently has 11 branches in all regions of the country and 12 representative offices in other countries.

Commerzbank AG is the second-largest bank in Germany, after Deutsche Bank, headquartered in Frankfurt am Main.  Commerzbank is mainly active in commercial banking, retail banking and mortgaging.  Investment banking, capital market, equities, and corporate banking operations are integrated as a division of the Commerzbank group.  Commerzbank holds a nationwide network of branch offices throughout Germany and numerous branch offices in Europe.  The bank holds representations and holdings in various commercial and financial centers in Asia and the Americas.