Participation of Tajik delegation in Tajikistan-Germany business forum

On November 21-25, 2022, the official delegation and representatives of the private sectors in the country headed by the First Deputy Prime Minister of the Republic of Tajikistan Davlatali Said participate in Tajikistan-Germany business forum, which took place in the cities of Berlin and Hamburg.

It should be noted that the heads of seven banks of the country also took part in this event in order to establish cooperation and search for opportunities for opening correspondent accounts.

On November 21, 2022, the Chairman of the National Bank of Tajikistan and the heads of the GSB RT “Amonatbonk”, OJSC “Bank Eskhata”, CJSC “Spitamen Bank”, CJSC “International Bank of Tajikistan”, CJSC Bank “Arvand”, OJSC “Commerzbank of Tajikistan” and OJSC “Oriyonbank ” held a meeting with representatives of the Association of German Banks and financial organizations in Berlin.

In the course of this meeting, the participants were introduced to current state of banking system in Tajikistan and Germany, and exchanged views on issues on existing cooperation.

The representatives of the Republic of Tajikistan expressed their views about the necessity to attract the investments and long-term loans in the economy of country, especially in the banking system, and to expand correspondent relations between the commercial banks of the two sides as soon as possible.

During this visit, representatives of the banking system visited the Bundesdruckerei GmbH Corporation, which is engaged in the digitalization of the public sector and economic sectors, including printing money, passports, etc., and got acquainted with the areas of its activities. 

At the end of forum, on November 22, 2022, representatives of the country's banking system held a series of meetings where issues were considered to expand cooperation between financial credit organizations of the parties, attract investments and loans, and discuss solutions to existing problems.

In particular, the heads of credit financial institutions of the country at meetings with representatives of ODDO BHF, Commerzbank AG and Landesbank Baden-Württemberg banks discussed their areas of activity, their goals and objectives. In addition, the importance of addressing issues of establishing correspondent relations carried out in US dollars and euros, and offering a credit line, commercial financing and money market financing were discussed as well.

During his trip, the Chairman of the National Bank of Tajikistan, Kholiqzoda Hokim, held a separate meeting with the heads of the banks "Deutsche Bundesbank" and "Commerzbank" AG, where they discussed issues of bilateral cooperation and solving existing problems, as well as ways to expand cooperation. In addition, the Chairman of the National Bank of Tajikistan, Kholiqzoda Hokim, and the Chairman of the SSB of RT “Amonatbank, Ikromi Sirojiddin held a discussion with the regional representative of Sparkassebank Hamburg and the representative of the Sparkasse Foundation. During this meeting, the issues discussed were related to the continuation of technical cooperation through organizing trainings and seminars for the SSB RT "Amonatbank"’s employees and other participants from the banking system. The fund's participation in financing the implementation of the National Strategy for Financial Inclusiveness of the Republic of Tajikistan for 2022-2026 and other potential areas were as well considered.

It should be noted that the Business Forum of Tajikistan and Germany, taking into account the current economic situation in the world and in the region, is a timely action that helps strengthen ties between the banking systems of the Republic of Tajikistan and Germany.

Press Division