DUSHANBE, January 31, 2014, Asia-Plus -- The National Bank of Tajikistan (NBT) reports that Tajikistan saw bank deposits grow by 11.9 percent in a year to December 31, 2013 to 5.5 billion somoni, reflecting the expanding economy and rising public confidence in the banking sector.

32 percent of deposits are kept in the national currency and 68 percent of deposits are kept in foreign currencies.

According to data of Tajik central bank, individual deposits have reached more than 3.7 billion somoni (24.3 percent increase when compared to 2012) and corporate deposits have reached more than 1.8 billion somoni.

Local currency deposits reportedly carry a weighted average interest rate of 15.7 percent (0.3 percent increase when compared to 2012) at the moment versus 11.7 percent for foreign currencies (1.1 percent decrease when compared to 2012).