Translated with AI
On July 15, the National Bank of Tajikistan (NBT) held an extended meeting to summarize the results of the country's banking system for the first half of 2025 and determine priority tasks for the remainder of the year. This was reported by the regulator's press service.
The meeting was chaired by the head of the NBT Tolibzoda Firdavs with the participation of the head of the financial department of the Executive Office of the President of the Republic of Tajikistan Jumazoda Mahmud, deputy chairmen of the bank, heads of structural divisions, representatives of the Association of Banks and the Association of Financial Organizations of Tajikistan, as well as the Deposit Insurance Fund and the Credit History Bureau.
The head of the NBT emphasized that in the context of global economic instability and ongoing geopolitical tensions, thanks to the efforts of the government, it was possible to ensure macroeconomic and financial stability.
According to him, in the first half of the year the National Bank conducted a balanced monetary policy aimed at maintaining the stability of the national currency exchange rate, controlling the level of inflation, developing the payment system and increasing confidence in the banking sector.
Particular attention was paid to the digitalization of the economy, in particular the expansion of the use of non-cash payment systems and new digital tools. In this context, Tolibzoda recalled the start of the implementation of the State Program for the Digitalization of the Economy of Tajikistan for 2025-2030.
During the meeting, the heads of the NBT departments presented reports on the status of key areas of activity: banking supervision, currency policy, financial monitoring, information technology and consumer protection.
Existing problems were identified and discussed, including a high share of inactive loans, cybersecurity vulnerabilities, technical failures in software and insufficient customer service. Specific instructions were sent to commercial banks to eliminate the identified violations.
Speaking at the meeting, the head of the financial department of the Executive Office of the President, Jumazoda Mahmud, noted the importance of the role of banks in ensuring sustainable socio-economic development, replenishing the budget, stimulating entrepreneurship and solving social problems.
Following the meeting, the NBT instructed the management of credit institutions to take measures to increase the stability and capitalization of banks, strengthen internal control and risk management, actively attract investment, develop digital services and non-cash payment infrastructure, especially in the regions, strengthen control over foreign exchange transactions, improve the quality of banking services, and ensure a quick response to citizens' requests and complaints.
The measures taken, according to the regulator, should ensure reliable and sustainable development of the republic’s financial sector in the face of external challenges.
