Amonatbonk’s solvency has reportedly been ensured nearly three times more than the required level. 

As of December 31, 2018, Amonatbonk’s solvency stood at 83.3 percent (the required level is not less than 30 percent), says the press center of Amonatbonk (Tajikistan’s savings bank).  

Amonatbonk assets reportedly rose 14.5 percent in a year to December 31, 2018, reaching 4.2 billion somoni and its capital rose 10 percent in the same period, reaching 396.7 million somoni.

The bank’s total revenues last year reportedly stood at 518.8 million somoni while its total expenditures last year stood at 463.3 million somoni.  The net profit amounted to 36 million somoni, according to the Amonatbonk press center.   

However, positive results of Amonatbonk’s activities have not saved its top manager from dismissal.

Recall, President Emomali Rahmon reportedly expelled the former head of Amonatbonk Ruhullo Hakimzoda from the room during a government session on January 21.

By president’s decree Sirojiddin Ikromi, formerly deputy head of the National Bank of Tajikistan (NBT) was appointed to head Amonatbonk replacing Ruhullo Hakimzoda.       

Amonatbonk is the only state-owned bank.  It is one of the oldest in Tajikistan (established in 1925) and one of the largest based upon various criteria - including the number of branches and the number of served clients.  The institution is unique in its orientation towards implementing social, pension and other state programs.  Amonatbonk has 5 regional centers, 69 branches and nearly 500 agencies. This gives the institution a presence in the most remote mountainous parts of the country.