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AGRIBUSINESS THROUGH SME FINANCE

AGRIBUSINESS THROUGH SME FINANCE. Content. Bank history. Financial performance. Asset structure. Liabilities. Strategy. Lending to agricultural sector. Investments in Agribusiness. Cooperation with Islamic IFIs. Cooperation with other IFIs. Contacts. Bank history.

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AGRIBUSINESS THROUGH SME FINANCE

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  1. AGRIBUSINESS THROUGH SME FINANCE

  2. Content Bank history Financial performance Asset structure Liabilities Strategy Lending to agricultural sector Investments in Agribusiness Cooperation with Islamic IFIs Cooperation with other IFIs Contacts

  3. Bank history 14 February 1992. Onthe basis of Tajikistan branch of «Agroprombank» USSR, Tajik republican joint stock-commercial agro-industrial bank was established 22 February 1992.The bank was reorganized as a Joint Stock Commercial Agro-industrial bank “Sharq" (JSC AIB “Sharq") 13 Novermber 1997.JSCAIB “Sharq« was reorganized into Joint Stock Commercial Agro-industrial Investment bank (JSCAIIB «Agroinvestbank») 30 March 2002. The bank was restructured into Open Joint Stock Company «Agroinvestbank»ода на базе 1 January 2004.As the result of restructuring of the Bank and removing and separating the assets which had been earlier directed for pre-export financing of the country’s cotton sector, an independent non-bank financial organization CJSC «Credit-Invest» was established 12 August 2009. The European Bank for Reconstruction and Development signed an agreement for entering into the capital of OJSC «Agroinvestbank» by acquisition of 25% + 1 share 30 April 2012.For the purpose of ensuring stability of the banking system and regulation of investment loans having state and food significance, the Government of the Republic of Tajikistan passed a decree «On Issuance of State Securities of the Republic of Tajikistan» 20 September 2012. The Government of the Republic of Tajikistan, represented by the Ministry of Finance throughacquisition of additionally issued common shares of OJSC «Agroinvestbank» became its majority shareholder (52%). It is envisaged that in the following years, other shareholders would buy back the shares held by the government

  4. Financial performance OJSC«Agroinvestbank» accounts for20,0% of the banking assets in the country, 12,4% capital, 23,0% loan portfolio,30% deposit portfolio as well as 26% of the volume of incoming remittances to the country.

  5. Asset structure Asset growth (mln.USD) In 4 years, the growth of Bank’s assets equaled 88%. Size of the Bank’s credit portfolio grew by 60,0%.

  6. Liabilities As ofend 2012 Structure of liabilities In 2012 as the result of issuance of additional common shares (2 000 000 units) bank’s shareholder capital increased by 42 mln. USD. In 2008 as the result of issuance of common shares (1 004 190 units) bank’s shareholder capital increased by 29,1 mln. USD. Liabilities of the Bank (in 000 $) *2012: 380 341 2011: 385 365 2010: 336 434 2009: 248 152 2008: 189 906 *non audited year

  7. Mission and strategic objective • Mission of the Bank • Provision of universal and modern banking products and services based on the needs of clients and demands of the real sector of the country’s economy meeting the commercial interests of the Bank’s shareholders. • Main strategic objectives • Contribution to the economic growth and welfare of clients through provision of full range of bankingservices, professional and ethical standards as well as ensuring the maximum profit to the participants of the Bank Strategic objectives for 2013-2017yrs. ($ mln.)

  8. Lending to agricultural sector

  9. Loans to Agricultural Sector in 2011-2012 yrs. Number of loans extended Up  1 543 or by 25% 2011 2012

  10. Investments in Agribusiness

  11. Investments in Agribusiness

  12. Cooperation with ICD • Two Murabaha Finance Facilities for USD 7 000 000 and USD 3 000 000 were provided by ICD to Agroinvestbank on 28.07.2011 and on 23.01.2013 respectively. • The main objective of the facilities is to provide the SMEs with long-term financing for the purchase of fixed assets in order to support and foster development in the real sectors of economy. Financed sectors include: • -Agriculture • Construction • Medical • -Transportation • Beverage production • Services Number of projects Amount of financing (in. USD)

  13. Cooperation withTAFF (Tajik Agricultural Finance Framework) Tajik Agricultural Finance Framework (TAFF) was set up by the European Bank for Reconstruction and Development (EBRD) in 2007. The main objective of the program is to provide alternative sources of finance to small and medium-sized farms and support free farming concept while fostering best farming practices. Number of loans extended Amount of loans extended (in mln. somoni)

  14. Cooperation with the World Bank (Cotton sector recovery program) Cotton sector recovery program was approved and launched in 2007and was aimed at supporting government initiatives for resolution of debt crisisand recovery of cotton sector in Tajikistan. The primary objective of the development project was «to improve the livelihood of cotton farmers and create the conditions for sustainable growth of cotton production in selected, low income areas of Tajikistan through debt resolution. Number of loans extended Amount of loans extended (in mln. USD)

  15. Cooperation with the Asian Development Bank (Program on sustainable growth of the cotton sector) Program on sustainable growth of the cotton sector in the Republic of Tajikistan is financed by the Asian Development Bank. Project was launched in 10 January 2007. Objective of the project is the economically sustainable development of the cotton subsector of two major cotton-growing provinces of Sughd and Khatlon. Number of loans granted Amount of loans granted (in mln. USD)

  16. Contacts OJSC “Agroinvestbank” 21 SaadiSherozi Ave, Dushanbe, 734018 Republic of Tajikistan Tel+992 37 236 51 69 www.agroinvestbank.tj

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