Renaming of structural subdivisions of microfinance institutions from “banking services center” to “microfinance services center”

In accordance with the Resolution of Board of the National Bank of Tajikistan, the name "Banking Services Center" shall be referred to banks only, and the services centers of microfinance institutions shall be called "Microfinance Services Center".

These amendments and supplements to the “Procedures for establishment of structural subdivisions by financial credit institutions and their branches” were approved by Board of the NBT on January 19, 2021, No.7, and registered in the Ministry of Justice of the Republic of Tajikistan from February 25, 2021, No.559,"ғ".

According to this document, the structural subdivisions of microfinance institutions were renamed from “banking services center” to “microfinance services center” and changes and supplements were made in order to specify and define the concepts of banking services center of banks, Islamic banks, non-bank credit institutions, Islamic non-bank credit institutions and the concept of microfinance services center for microfinance institutions and Islamic microfinance institutions.

Therefore, microfinance institutions shall be required to bring all posters and billboards of their services centers in accordance with the changes and supplements to these Procedures as soon as possible.

Press Division