Today, the banking system plays a crucial and influential role in the economy of the Republic of Tajikistan.  Over the past twenty years of its activity, CJSC The First Microfinance Bank has earned respect and a solid reputation among its clients and international organizations operating in Tajikistan through comprehensive development. In light of this, the Bank has decided to focus its activities on achieving a more active role in the banking sector of Tajikistan and aspiring to become a solid and stable financial institution to realize its comprehensive and ambitious plans.

As a result, the name of the Bank will be changed as follows:

The brand name of the Bank will be “ICB” pronounced as “I-C-B.” The official renaming of the Bank is scheduled for October 21 of this year. Having changed its name to CJSC “Investment and Credit Bank, Tajikistan,” the Bank is ready to confidently and decisively pursue its goals.

Name Change With the change of name, all client-related operations will remain unaffected, and only minor changes will be introduced in some areas of documentation, as mentioned below. This material provides a detailed and clear explanation of the nature of the name change to the clients and users of CJSC “Investment and Credit Bank, Tajikistan” and its new brand “ICB” in an accessible manner.

First and foremost, it is essential to note that the name change is not related to any acquisition, merger, or amalgamation of the Bank. The structure of the Bank’s ownership (shareholders), Board of Directors, management, and staff will remain unchanged.

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Meaning and philosophy of the new Bank logo

The Bank’s new identity is rooted in the ancient traditions, philosophy, and values of the Great Silk Road. Silk was transported by caravans along various routes, giving it its collective name with countless paths and roads that connected the civilizations of the West and East. The Silk Road was the largest trade network linking China, Asia, and Europe, and it played a significant role in the development of economic and cultural ties between different countries. This route contributed greatly to trade growth and prosperity. By fostering the fusion of cultures, trade, and creativity, the legendary Silk Road laid the foundation for the exchange of knowledge, philosophy, and scientific discoveries, benefiting the entire world. Some of the most important hubs of the Silk Road were located in Central Asia, including the territories of present-day Tajikistan, Uzbekistan, and Kyrgyzstan.

Mulberry leaves, which are vital to the production of silk, are part of the logo’s design. These leaves, the habitat of silkworm larvae, remain valuable and significant to this day. The leaves are arranged to depict a star and compass, indicating key and intermediate directions (north, northeast, east, etc.). Stars and compasses help people find paths, explore new directions, and guide them toward achieving goals.

The logo, embodying the principles of reliability, comprehensiveness, and value creation, plays a key role in shaping the external image of the “ICB” brand. The outward-facing leaves reflect the Bank’s active commitment to collaboration with clients, local and international partners, and the development of mutually beneficial relationships. Additionally, the leaves symbolize the Bank’s intentions to engage with the world, adhere to the latest advancements in the banking sector and economy, and apply these innovations in combination with the best business practices.

Deposits and savings accounts

Savings agreements and deposit contracts will not be changed, and there is no need to make any modifications to clients’ existing agreements with the Bank, as all deposits and savings will continue to function as usual. In other words, the Bank will continue to fulfill its obligations in full.

Loan agreements

All loan agreements concluded with the Bank will remain unchanged. Clients do not need to make any modifications to their current loan agreements. As before, clients can repay their loans by visiting branches and service centers or through online payments and terminals.

Cards: “Korti Milli” and VISA

All active bank cards (“Korti Milli” and VISA) will remain valid until their expiration dates. There is no need for clients to replace their bank cards. New bank cards will be issued and provided by “ICB.”

Money Transfers

No changes are expected in the money transfer systems (through the National Processing Center for Money Transfers (NPCR)) following the Bank’s name change. Clients can continue to send or receive money transfers by visiting branches and service centers.

Electronic wallet “FMFB Mobile”

The name and interface of the electronic wallet “FMFB Mobile” will be replaced by “ICB Mobile,” and no changes will affect clients.  Users can continue using the app without needing to re-register. Clients simply need to update “FMFB Mobile,” and the app will automatically transition to “ICB Mobile.”

Branches and service centers

No changes are anticipated in branches and service centers. All branches and service centers will continue to operate in their previous format, fully adhering to their obligations.

Banking details for national currency operations via correspondent accounts

The Bank’s identification code (BIC) and correspondent account number will remain unchanged. However, clients need to update the Bank’s name from CJSC “The First Microfinance Bank” to CJSC “Investment and Credit Bank, Tajikistan” in the banking details. Clients can obtain the Bank’s updated details at any of its branches, service centers, or the official Bank website. Clients should inform their partners, conducting bank payments, about the Bank’s name change to reflect it in payment instructions.

International bank transfers via SWIFT

The SWIFT code will remain unchanged, but the Bank’s name will be updated from CJSC “The First Microfinance Bank” to CJSC “Investment and Credit Bank, Tajikistan.” Clients can obtain the Bank’s updated details at any branch, service center, or on the Bank’s official website. Clients should inform their partners conducting international payments about the Bank’s name change for their payment instructions.

All of the Bank’s ATMs will continue to operate as usual.

New Official Bank Website The Bank’s website will be updated to a more advanced and modern format with a new address, “www.icb.tj.” It is worth noting that the Bank’s call center will operate as usual and will be available at 0909. For additional information, clients can contact the Bank’s call center.

By responding to client needs with new goals, CJSC “Investment and Credit Bank, Tajikistan” is confidently striving to contribute to the country’s development and national economy.