Stopped an activity of seven microcredit institutions

By the Decision of the Board of the National Bank of Tajikistan from November 13 of current year on the basis of Article 6 of the Law of the Republic of Tajikistan «On Liquidation of credit organizations» in connection with failure to meet requirements of the Instruction №197 «On order of regulation of activity of the microcredit organizations» on maintenance of the minimum amount of real capital there are stopped activity of microcredit institutions such as MCO "Khubjam" LLC, MCO "Khazinai Somoniyon" LLC, MCO «Saodat Sarmoya» LLC, MCO "Kayoniyon" LLC, MCO “Dustkom” LLC, CJSC MCO «Daftari Moliyavi» and CJSC MCO “Barhak” under their request for voluntary liquidation.

It should be noted that for last years level of financial intermediary of the above-named organizations in the financial market of republic has decreased.

According to the mentioned decision the licenses of these credit organizations which have been issued by the National Bank of Tajikistan will be withdrawn and excluded from the register of the microcredit organizations.

Also, authorities of the mentioned microcredit organizations obliged to create liquidation commission during procedure of voluntary liquidation. This commission also should provide NBT their financial statements and other necessary information.

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NBT