DUSHANBE, November 26, 2014, Asia-Plus -- The remainder of loans provided by Tajik banks rose nearly 28 percent in a year to October 31, 2014, reaching more than 9.271 billion somoni (equivalent to more than 1.8 billion U.S. dollars), according to the National Bank of Tajikistan (NBT).

In October 2014, the weighted average interest rate for loans provided in the national currency was 24.72 percent and the weighted average interest rate for loans provided in foreign currencies was 23.43 percent, Tajik central bank noted.

The volume of micro  loans provided over the first ten months of this year has reportedly risen 29.1 percent compared to the same period last year.

Over the same ten-month period, 939 million somoni have been provided in microloans to entrepreneurs in remote mountain areas, which was 26.6 percent more than in the same period last year.

In January-October this year more than half of loans has been provided by Tojik Sodirot Bonk (TSB) and Agroinvestbonk.

According to Tajik central bank, 141 lending organizations, including 17 banks, one non-bank credit institution, 41 microloan deposit organizations, 43 microloan organizations and 39 microloan funds now operate in Tajikistan.