Meeting between the correspondents from “Washington Diplomat» and the Bank’s management.

The Chief Editor and correspondent-photographer of the American paper «Washington Diplomat» Victor Shibli and Philippe De Leon, that are in Tajikistan with a business visit, visited «Agroinvestbank» in the framework of planned business meetings and had discussion with the Chairman of the Bank.

By the request of the guests, during the meeting, Farukh Golibovich informed them about the Bank’s history of development. The key stages and directions of the bank’s development during the country’s independence period were marked out, its place in the banking system of the country, its role in facilitating the economy of Tajikistan, facilitating to solving problems with eradicating poverty through expanding and provision of access to its products, such as credits to small and medium businesses, accumulation of population’s capital and their transformation into investments, money transfer from abroad, on which the Bank takes a leading position.

Importance was given to issues of international cooperation of the Bank in conditions of globalization through setting correspondent business with foreign banks, attracting external funds for development of the economy, participation of the Bank in different programs of international financial organizations, such as development of small and medium business, trade funding TAFF and others. 

Regarding issues of cooperation of the Bank with financial-credit institutions the Chairman of the Bank highlighted that «Agroinvestbank» works with all financial-credit institutions of the Republic of Tajikistan and develops correspondent business with 23 foreign banks including «Commerzbank A.G.» (Germany), «ABN AMRO Bank» (Netherlands), «Bank of China» (China), «Kabul-Bank» (Afghanistan), «CITTIBANK» (New York, USA), OJSC «Sberbank Russia», OJSC «Bank BTB» (Russia), AKB «Russlavbank» (Russia), JSC «Kazkommercbank» (Kazakhstan), JSC «Bank TuranAlem» (Kazakhstan) and others.

It was noted that the new stage in development of the bank became entry of EBRD into the capital of «Agroinvestbank» and acquisition of 25% + 1 of share. The step, taken by EBRD towards «Agroinvestbank» has been a sign of trust to our bank and its international recognition.

OJSC «Agroinvestbank» is founder and 100 % owner of shares of CJSC ILK «Liseangfinance» (2007) and cofounder of Micro deposit organization «Bovari va Hamkori» - апексная structure for providing microfunding organizations with credit resources 57 % shares, valued 300 thousands Euro (2008).

Mr. Farrukh Golibovich, regarding issue of interaction with American partners, noted that the Bank opened correspondent business in «CITTIBANK», through which all the key international payments flow is realized.

Moreover, considering expansion of interests at the American market, Bank has its representative in Washington.

«Agroinvestbank» within the framework of realization of international project, including TAFF project and UNDP Programme on development of agriculture, cooperates with American partners. Moreover, «Agroinvestbank» is the participant of a Programme in combating money laundering and fight against funding terrorism.

Also, it was highlighted, that for improving standards of its activities and reaching international standards «Agroinvestbank» within the framework of the 3d summer programme on development and technical assistance of EBRD, cooperate with the Consulting Company «Makswell Stamp».

During the course of the discussion many other significant aspect of the Bank’s activities were discussed. The discussion was held in friendly atmosphere and mutual understanding.