Tajikistan’s National Bank issues licence to first private credit bureau – Trend.Az

Posted: January 26, 2013 in Economy and Resources

The International Finance Corporation (IFC), part of the World Bank group, has supported the first private credit bureau in Tajikistan in acquiring a licence from the Central Bank, CA-News reported on Friday with the reference to the corporation’s office in Dushanbe.

“Creation of a credit bureau covering credit history plays an important role in enhancing the banking system’s stability. Meeting the challenges facing the credit bureau will reduce credit risks, as well as provide a more effective use of information about dishonest borrowers,” the head of the National Bank of Tajikistan (NBT) Abdujabbor Shirinov said.

As IFC Representative Fabrizio Fraboni noted, the issued licence is recognition of the progress made by the credit bureau. He said this event is “a significant step forward in the creation of a centre to exchange credit information for the Tajik financial market.”

via Tajikistan’s National Bank issues licence to first private credit bureau – Trend.Az.

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