DUSHANBE, July 7 2010, Asia-Plus  -- Tajik banks’ total regulative capital decreased from more than one billion somoni on April 30, 2010 to 965.1 million somoni on May 31, 2010 (a 83.9 million somoni decrease), according to the National Bank of Tajikistan (NBT).

The source at Tajik central bank says one of reasons for decrease in a total regulative capital of the banks is “an additional formation of the Fund for payment of possible losses on classified loans.”

“The Fund for payment of possible losses is an amount for payment of possible losses on nonstandard, doubtful, dangerous, and bad loans,” said the source, “Such a fund is created due to increase in banks’ expenses that leads to decrease in their capitals.”

The other reason for decrease in banks’ total regulative capital is the fall of the euro that has led to decrease in the reserve of revaluation of foreign currencies included in the regulative capital of the banks, he added.

We will recall that NBT’s minimum regulative capital requirements have been revised upwards to 30 million somoni.

As of May 31, 2010, Agroinvestbonk’s regulative capital amounted to 120 million somoni, Orienbonk – 223 million somoni, Amonatbonk (Tajikistan’s savings bank) – 113 million somoni, Tojik Sodirot Bonk (TSB) – 155 million somoni, Tajprombank – 50 million somoni, Eskhata Bank – 57 million somoni; Branch of Iran’s Tejarat Bank in Dushanbe – 29 million somoni, The First MicroFinanceBank-Tajikistan (FMFB-T) – 30 million somoni, Bonki Rushdi Tojikiston (Tajikistan Development Bank) – 56 million somoni, Kazkomertsbank-Tajikistan – 45 million somoni, AccessBank – 47 million somoni, Fononbonk – 28 million somoni, Kafolatbonk – 18 million somoni, and Sohibkorbank – 11.8 million somoni.

In all, 14 banks, 4 non-bank credit organizations, 34 microcredit deposit organizations, 34 microloaning organizations and 44 microcredit funds now operate in Tajikistan.