DUSHANBE, September 22, 2008, Asia-Plus  -- Closed joint-stock company Tajikistan Development Bank (TDB) has raised some deposit interest rates for physical entities.  

According to TDB’s head office in Dushanbe, the bank has raised deposit interest rates for physical entities both in the national currency – the Somoni – and foreign currencies by 2 percent this month.     

The maximum interest rate on the Payvand deposit is currently 22 percent for deposits in the Somoni, 20 percent for deposits in USD and Euro and 21 percent for deposits in Russian Ruble.  The maxim Barakat deposit interest rate is currently 20 percent for deposits in somoni, 19 percent for deposits in USD and Euro and 20 percent for deposits in Russian Ruble.  

“This move has been made to attract more customers,“ the source said, noting that TDB has the highest deposit interest rates in the country.   

The National Bank of Tajikistan (NBT) passed a resolution permitting the establishment of Tajikistan Development Bank on September 19, 2006.  TDB was established as a closed joint stock company under Article 43 of the law “On the National Bank of Tajikistan” and Articles 17 and 19 of the law “On Banks and Banking Activity.”

TDB offers a broad range of services issues, including accepting deposits in national and foreign currencies, cash operations, providing short-term and long-term loans, etc.