Tajikistan’s financial sector is not yet highly developed but since the end of the Civil War in 1997, political stability and foreign aid have allowed the country's economy to grow. Nevertheless, Tajikistan’s per capita GDP is by far the lowest in the CIS region.
AccessBank Tajikistan is a joint venture of AccessHolding and three of its partners with long-standing experience in the sector: the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and KfW Development Bank. The bank was inaugurated on 29 March 2010 and has its head office and four branches in the capital Dushanbe, one branch in Khujand (Sugd Region), one branch in Tursunzade (Region of Republican Subordination) and one in Kurgan-Tyube (Khatlon Region). ABTJ plans to open one more branches in 2014 – in Istaravshan (Sugd Region). The regional expansion of AccessBank Tajikistan will continue in the years to come.
The bank’s vision is to become the leading microfinance bank in Tajikistan and to set new standards for the Tajik banking industry in terms of professionalism, transparency and efficiency. By delivering appropriate financial services to its target group, the bank seeks to contribute to private sector growth and investment, thus helping to create new business and employment opportunities for the Tajik population.
Operating under a full banking license, ABTJ offers a broad range of financial services to micro, small and medium-sized enterprises (MSMEs) in Tajikistan as well as to the general lower and middle income strata of the Tajik population. Due to significant volumes of remittances inflow from Russia and also from the neighboring countries, the bank offers six different money transfer systems to individuals (non-account holders). In the coming years AccessBank Tajikistan will widen the range of its financial products including housing and retail loans, as well as card business and other banking services.