DUSHANBE, September 14, 2011, Asia-Plus -- The supervisory board of open joint-stock company (OJSC) NBO Roghun has partially complied with request of commercial banks, having extended the money return period by six months, First Deputy Finance Minister, Jamoliddin Nouraliyev, told Asia-Plus Wednesday afternoon.

According to him, the money return period expired on August 16 this year and commercial banks keeping temporarily surplus funds raised from the sale of shares in OJSC NBO Roghun have asked to extend the money return period for one more year, but the supervisory board has agreed to extend it only for six months.

We will recall that five commercial banks were selected in August 2010 for placement of Roghun’s temporarily surplus funds -- Agroinvestbonk, Tojik Sodirot Bonk (TSB), Bonki Rushdi Tojikiston (Tajikistan Development Bank or TDB), Tajprombank, and Fononbank.  118.2 million somoni were placed at Agroinvestbonk, 20.3 million somoni at TSB, 2.8 million somoni at TDB, 11.1 million somoni at Tajprombank, and 5 million somoni at Fononbank.

Interest rate on these deposit accounts is floating.  The interest rate includes refinancing rate plus one percent; today it is 9%+1%=10%.

Nouraliyev added that another 80 million somoni were placed this year at three banks.  “30 million somoni were placed at Agroinvestbonk, 30 million somoni at Tojik Sodirot Bonk and 20 million at Amonatbonk (Tajikistan’s savings bank),” he said.