Credit policy of “Amonatbonk” as a State bank, mainly directed to realization of social policy of the Government of Republic of Tajikistan. The movement in the economic activity has given opportunities for expansion of crediting as one of the priority directions of bank’s activity. Credit operations became the most important profit making instruments of “Amonatbonk”, due to expansion of opportunities of effective crediting of the business of the client.
Development of the new credit products is activated in the bank. In particular “Amonatbonk” is examining opportunities for crediting population, i.e. private sector. The share of this category of borrowers in a credit portfolio of the bank amounts to 68, 2 % from a total amount of credit portfolio. The bank will continue crediting not only the population, but also all other groups of clients: legal entities and other financial intermediaries. The foreground importance is attributed to crediting corporate clients, and also realization of micro crediting with the purpose of improvement and raising the social and economic conditions of the population of Republic of Tajikistan.
“Amonatbonk” as the State bank, constantly activates the development of new credit products which are actualized not only out of the bank own resources, but also by attracting long-term foreign investments. The attracted resources have special purpose. During the current year about 1,5 million US dollars are attracted to “Amonatbonk” from the Asian Development Bank which are aimed to grant credit lines to small enterprises via micro finance institutions. The directed funds are targeted to develop the MFI, to expand the scope and stability of micro-finance services of small enterprises and poor class of the population. Currently under the given program 8 micro loan funds and one micro depositary organization that meet all the requirements for taking part in the project of Asian Development Bank, National Bank of Republic of Tajikistan and “Amonatbonk”.
The credit lines are provided to the MFI which:
- Possess the license of NBT
- Meet all requirements of NBT applied to MFI
- possess a parity of the average size of the gross domestic product (GDP) credit no more than 200 percent;
- have about 50 % of women among the clients on micro crediting;
- reach operational maintenance, according to the measurement of a positive parity of self-maintenance agreed between the Borrower and Bank:
- possess a parity of the capital to non-liquid assets no less than fifteen percent;
- completely fulfill the requirements of NBT on classification and allocation of credits, furthermore deduct one percent of the credits as reserve;
- demonstrate the ability to analyze and manage credit risk of small enterprise (SE) and individual borrowers
- Fulfill any other additional criteria recommended by NBT and approved by the Bank
The main principle of crediting is its financial security. As the basic provision of timely and full return of the credit and payment of percent for usage, MFI provides mixed mortgage at a rate of 130 % from a total sum of the credit line.
