Closed Joint-Stock Company (CJSC) Spitamen Bank has launched an action “Light Interest Rates.”  The action will be valid until April 30, 2020.

Under this action, the minimum annual interest rate on loans provided in the national currency, the somoni, will be 20 percent, and the minimum annual interest rate on loans provided in USD will be 14 percent, according to CJSC Spitamen Bank. 

The action has reportedly been launched so that more residents of Tajikistan could implement their plans without putting them off the bat, and thereby, improve their living conditions.  

Besides, special car lending conditions are provided in the framework of the “Light Interest Rates” action -   0% prepayment (previously car lending prepayment amounted to 30 percent).

Spitamen Bank, with headquarters in Dushanbe, now has sixteen branches across the country, including five located in Dushanbe.

Spitamen Bank started its Microcredit Deposit Organization in the country as Spitamen Capital in 2008 leading to a banking license from the National Bank of Tajikistan by 2014.  The company holds the license for banking operations in both local and foreign currency.

In 2013, the Closed Joint Stock Microcredit Deposit Organization 'Spitamen Capital' was named the winner of the BID International Arch of Europe Award; an award presented to organizations focusing on a high standard of quality.

Currently, Spitamen Bank is considered one of the most active and technology-driven banks in the country.

The company's logo consists of two semi-circles combined in one ring to symbolize "endless business process". The up Arrow is used to symbolize "growth prospects" and development of the bank and uses gold and silver colors similar to the bank name's color scheme.  The bank name has been derived from Sogdian warlord who was the leader of rebellion in Sogdiana and Bactria against Alexander the Great.

In 2013, at Frankfurt, the Closed Joint Stock Microcredit Deposit Organization 'Spitamen Capital' received an International Arch of Europe Award, a vanity award.