DUSHANBE, August 10, 2016, Asia-Plus -- The National Bank of Tajikistan (NBT) has extended the terms of powers of the caretaker administration imposed on Closed Joint-Stock Company Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development)

In a statement released on August 3, the NBT notes that the terms of powers of the Tajprombank caretaker administration have been extended for another three months.

“The decision to extend the terms of powers of the caretaker administration has been made for the purpose of improving the financial situation of the bank and protecting interests of the bank’s customers,” the NBT noted.

The caretaker administration is reportedly ordered to take all necessary measures to improve the financial situation of Tajprombank.   

Recall that the caretaker administration was imposed on CJSC Tajprombank on May 3 this year for the period of three months.    

Founded in 1995, Tajprombank, with headquarters in Dushanbe, has 21 branches, 11 departments and 15 money-transfer offices across the country.