15.02.2011
Meeting between management of OJSC «Agroinvestbank» and Representatives of EBRD
15 February 2011 – high level meeting between representatives of EBRD and management of OJSC «Agroinvestbank» was held at the head office of the bank. Firuza Iskhakova – Banker, EBRD, Country Coordinator on the work with financial institutes from EBRD in Republic of Tajikistan and Sabina Jurman – Banker, EBRD, Coordinator of the Tajikistan Agriculture Funding Programme participated from the EBRD side and Tagoymurodov F.G, Board Chairman and other officials of the bank from «Agroinvestbank». During the meeting issues on summing up preliminary results of the bank’s activity for 2010, course of realization of joint projects with EBRR, including trade funding, agriculture funding (TAFF), crediting micro-business were discussed as well as measures of their activation and expansion were discussed.
Actions were approved on stabilization of financial status of the bank and achievements of profitable activities on the results for 2010, simultaneous implementation of institutional development plan of the bank on active participation of the team of international consultants. The parties also discussed key priority issues, upon the realization of which the bank has to work in 2011. Separate attention was given to issues of bank’s participation in crediting large investment projects, state procurement for filling reserve funds and possible risks. Recommendations were given to the bank, for reducing risks on the basis of qualitative new approaches with the account of international practice (joint funding, subsidizing, more to the practice of issuing clearly commercial credits for these purposes, development of assets market and etc). Existing possibilities and conditions for increasing bank’s capitalization for activation of its activities in all directions were reviewed.
