DUSHANBE, February 23, 2016, Asia-Plus -- The National Bank of Tajikistan (NBT) reports that Tajikistan saw bank deposits grow by 47 percent in a year to January 31, 2016, reaching nearly 9.5 billion somoni, reflecting the expanding economy and rising public confidence in the banking sector.

According to data of Tajik central bank, individual deposits now account for more than 60 percent (more than 5.7 billion somoni) of the overall volume of deposits kept at Tajik banks and corporate deposits account for nearly 40 percent (more than 3.7 billion somoni).

Last month, local currency deposits reportedly carried a weighted average interest rate of 16.9 percent at the moment versus 10.61 percent for foreign currencies.

According to Tajik central bank, 127 lending organizations, including 17 banks, one non-bank credit institution, 41 microloan deposit organizations, 28 microlending organizations and 39 microloan funds now operate in Tajikistan.