DUSHANBE, Tajikistan, March 4. Tajikistan's credit financial institutions witnessed a notable surge in outstanding loans, reaching 18.991 billion somoni ($1.737 billion) in 2023, which is an increase of 32 percent compared to the 14.382 billion somoni ($1.316 billion) recorded in 2022, Trend reports.
According to data from the National Bank of Tajikistan, the
majority of loans were made to the consuming sector, totaling 8.189
billion somoni ($749.418 million), followed by the agricultural
sector at 2.734 billion somoni ($250.202 million) and the
industrial sector at 2.678 billion somoni ($245.077 million). Loans
for foreign trade activity totaled 2.224 billion somoni ($203.590
million).
Catering received the least share of loans, totaling 24.579 million
somoni ($2.251 million), followed by financial intermediation,
totaling 15.384 million somoni ($1.407 million).
Credit financial institutions allocated funds to the construction
sector, totaling 726.041 million somoni ($66.443 million), while
the transportation sector received 130.557 million somoni
($11.947). Furthermore, loans for services totaled 1.350 billion
somoni ($123.545 million), with the remaining sectors receiving
916.547 million somoni ($83.878 million) in total.
The significant increase in outstanding loans reflects the growing demand for credit in various sectors of Tajikistan's economy, indicating potential expansion and development opportunities.
