Agroinvestbank Overview of Services and Operations

Agroinvestbank offers a range of services to support farmers and agricultural businesses, including loans, deposits, and foreign exchange operations.

The bank's loan products cater to the specific needs of its clients, providing financing for crop cultivation, livestock breeding, and agricultural processing.

Agroinvestbank's deposit services allow clients to manage their funds securely and efficiently, with a range of deposit accounts to suit different needs.

The bank's foreign exchange operations enable clients to manage international transactions, including imports and exports of agricultural products.

Agroinvestbank has received support from various organizations, including the Early Transition Countries Fund (ETCF), the United States (USSP), the UK (UKTA), and the EC (EIPF) through the Tajik Micro and Small Enterprise Financing Facility (TMSEFF).

These organizations have provided significant funding to Agroinvestbank, totaling USD 1.5 million for Institution Building.

Technical Cooperation plays a vital role in the development of Agroinvestbank. The bank has received funding from various organizations, including the Early Transition Countries Fund (ETCF) and the Shareholders Special Fund (EBSF).

The Tajik Micro and Small Enterprise Financing Facility (TMSEFF) has been one key source of funding, supported by countries such as the United States, the United Kingdom, and the European Union. This facility has provided significant support to Agroinvestbank.

A comprehensive Technical Cooperation (TC) assignment worth USD 1.5 million is also planned to support the equity investment. The main focus of this assignment will be on institution building, specifically in areas such as corporate governance and strategic review.

If you're interested in collaborating with Agroinvestbank, you can reach out to Muhammadi Boboev, the Deputy Director of the International Financial Relations Department.

Muhammadi can be contacted at OJSC “Agroinvestbank”, located at 21 Saadi Sherozi Ave. in Dushanbe, Tajikistan.

The phone number to call is 992-37 -235 75 56, and you can also send a fax to the same number.

If you prefer to email, Muhammadi can be reached at [email protected].

The Central Bank of Tajikistan revoked Agroinvestbank's license in 2018 due to significant financial difficulties.

Agroinvestbank's troubles started with a significant decrease in the bank's capital, which fell from 3.3 billion somoni in 2015 to 1.4 billion somoni in 2016.

The bank's financial situation worsened due to the high level of non-performing loans, which exceeded 60% of the bank's total assets.

The Central Bank of Tajikistan intervened and took control of the bank, freezing its assets and operations.

The bank's license was revoked, and its assets were transferred to the Deposit Insurance Fund of Tajikistan.

The bank's troubles led to a significant impact on the country's financial system, with many depositors left without access to their funds.

The Central Bank of Tajikistan took steps to ensure the stability of the financial system, including the establishment of a new bank to take over Agroinvestbank's assets.