At a press briefing on its 2024 results, the National Bank of the Republic of Tajikistan reported year-end inflation of 3.6%, at the lower end of the 6±2 percentage point target band, and a cumulative 1.0 percentage point cut in the refinancing rate to 9.0% per annum. Liquidity management included 120 auctions of the central bank’s securities totalling TJS 12.0bn and overnight deposit operations that absorbed an average of TJS 1.1bn per day. The official somoni exchange rate strengthened by 0.2% against the US dollar. As of 31 December 2024, 65 financial credit institutions were operating, including 15 conventional banks and one Islamic bank, with 1,928 structural units. The system reported TJS 47.5bn in assets, TJS 38.5bn in liabilities and TJS 9.0bn in balance-sheet capital, while deposits stood at TJS 25.5bn (60.5% in local currency). Lending in 2024 totalled TJS 24.6bn, of which 47.1% went to consumer credit and TJS 17.8bn was disbursed as microloans, and the outstanding loan portfolio was TJS 21.4bn. The weighted-average loan rate was 22.1% in local currency and 11.7% in foreign currency, and the capital adequacy ratio was 21.8% against a 12% requirement. Payments data showed 8.4 million payment cards, 12.1 million e-wallets, 11,955 electronic terminals and 19,918 single QR codes, and 92.4 million non-cash transactions worth TJS 30.4bn, with cash withdrawal versus non-cash operations at 73.8% to 26.2%. The update also covered the insurance sector, which comprised 16 insurers, and reported USD 4.2bn of foreign capital attracted to the banking system in 2024, up 88.7% year on year.

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