The National Bank of the Republic of Tajikistan (NBT) convened an expanded meeting with banking-sector stakeholders to review the performance of the banking system in the first half of 2025 and set tasks for the second half of the year. The review covered the NBT’s monetary and credit policy implementation, including objectives related to money supply dynamics, exchange rate stability, banking-system soundness and maintaining low inflation. Presentations from the NBT’s banking supervision, international reserves and foreign exchange policy, financial monitoring, information technology, payment systems, financial stability and consumer protection functions highlighted current conditions, identified shortcomings and described measures taken, including in the context of implementing the development strategy for credit financial institutions for 2022–2026. During the discussion, credit financial institutions received specific instructions to address persistently high non-performing loans, incomplete software provision, fraud and cyberattacks, weaknesses in foreign exchange operations and deficiencies in banking service quality. The meeting instructed credit financial institutions to strengthen internal controls and risk management, reinforce capital bases and attract additional investment, tighten oversight of foreign exchange operations and avoid exchange-rate related deficiencies, carry out comprehensive audits of information technology, prevent fraud, expand non-cash payment infrastructure across the country with a focus on remote districts, and improve the handling of complaints related to banking services.
National Bank of the Republic of Tajikistan 2025-07-15
National Bank of the Republic of Tajikistan sets second-half 2025 priorities for banks on NPL reduction, IT audits and foreign exchange controls
The National Bank of the Republic of Tajikistan met with banking stakeholders to review the first half of 2025 and set objectives for the rest of the year. Discussions focused on monetary and credit policy, banking system soundness, and inflation control, with instructions to address high non-performing loans, software issues, and foreign exchange operation weaknesses. Credit financial institutions were directed to enhance internal controls, risk management, and non-cash payment infrastructure, especially in remote areas.