Bank history

The joint stock bank of business support “Sohibkorbank” (hereinafter referred as JSB of BS Sohibkorbank) was registered, as diversified bank on August 24, 1999 on the basis of the Decision of National bank of Tajikistan No. 15 as of 19.08.1999. According to this document Joint stock bank “Tojikbankbiznes” was reorganized into JSB of BS Sohibkorbank and according to the Charter No. 28 of JSB of BS Sohibkorbank dated 24.08.1999 and the Decision of Board of National bank of Tajikistan No.147 dated 15.09.2000 work of the commission on liquidation of JSB “Tojikbankbiznes” was stopped. JSB of BS Sohibkorbank was declared as the full owner of this bank, all property and obligations (assets-liabilities) of JSB “Tojikbankbiznes” were transferred to JSB of BS Sohibkorbank.

On August 24, 1999 the National bank of Tajikistan issued to the JSB of BS “Sohibkorbank”  License on implementation of bank operations in national currency, on July 16, 2001 was issued the License for implementation of bank operations in foreign currency. The head-office of the bank located in Khujand city at the address 165 K.Khujandi Str.
According to the License of National bank of Tajikistan it was given permission for carrying out 10 types of bank operations in national currency, then according to the License for carrying out bank operations in foreign currency the bank got permission to carry out 16 types of bank operations.

In November, 1999 on the basis of JSB of BS “Sohibkorbank” in cities and regions of the Republic of Tajikistan – Tursunzade, Istaravshan, Isfara, Kanibadam, Penjikent, Kurgantyube, Dushanbe, Chkalovsk cities, in I.Somon district of Dushanbe city, Rudaki,  Matcho regions were created Authorized points of JSB of BS “Sohibkorbank”.

On the basis of the Decision of National bank of Tajikistan No.106 as of 17.05.2002 and the Order of JSB of BS “Sohibkorbank” No.46 dated 22.05.2002 the bank was reorganized into Open Joint Stock Company “Sohibkorbank”.

By the decision of the National bank of Tajikistan No.55 as of 28.02.2005 the Charter No.88 “About Authorized bank points” was cancelled, and on July 25, 2005 in the order established by the law all Authorized points of JSC “Sohibkorbank” till February, 2006 step-by-step were transformed into branches.

Primary Authorized fund of the Bank was 1.200.000 somoni, and up to the first Bank’s share issue, the Authorized capital taking into account the capital of shareholders was only 677.990 somoni. At April 10, 2005 the first issue of Bank’s shares for the amount of 4.133.860 somoni was completely placed, the second issue of Authorized capital of the bank was declared for the sum of 10.250.000 somoni, new shares were issued for the amount of 6.116.140 somoni. The quantity of additional issued shares was 611.614 pieces, of them 550.453 were ordinary shares and 61.161 beneficial shares.

At December 01, 2005 the second share issue for the sum of 10.250.000 somoni was completely placed. The third issue of Authorized capital of bank was declared for the sum of 20.000.000 somoni, new shares were issued for the sum of 9.750.000 somoni. The third share issue of the bank was registered in the Ministry of Finance of RT and Ministry of Justice of the Republic of Tajikistan.

OJSC “Sohibkorbank” established close connection with the international banks, were opened correspondent accounts in such banks of countries of the far & near abroad as “Eurotrus”, “Kommercebank”, “Raiffeisenbank”, “Russlavbank”, “The investment center – RNKO”, “Interkoopbank”, “BTA-Bank”, “ORS-Allyur”, “Svyaz-Bank”, services to clients on money transfers render 15 systems of money transfers.

In 2007 OJSC “Sohibkorbank” concluded the bilateral contract with ATF Bank of the Republic of Kazakhstan, having sold 75,1% of the paid shares from authorized capital of the bank. In 2007-2008 owing to receipt of funds of ATF of Bank of the Republic of Kazakhstan the increased Managed capital of the Bank, which improved indicators of economic norms. Since 2009 on all credits which have been given out by ATF Bank of the Republic of Kazakhstan on account of expenses of the bank was created 100% Fund of covering of possible losses. Since July 01, 2009 bank shares were on sale to natural and legal entities of the Republic of Kazakhstan, to the Council and Board of the Bank were included citizens of Kazakhstan.

From February 10, 2010 in OJSC “Sohibkorbank” was entered Temporary administration which work led to improvement of position of the bank and obtaining permission to independent activity from National bank of Tajikistan.

Since January, 2011 the bank began work with the new management and shareholders who brought it out of economic crisis and within 2 years got nearly 4 million somoni of net profit.

In October, 2012 with the purpose of increasing reputation and importance the Head-office of the Bank OJSC “Sohibkorbank” was transferred to the capital of the Republic of Tajikistan Dushanbe city at the following address: 10/17 N. Mukhammad Str.

Today the Bank reached considerable indicators in its activity, opened 7 branches in the cities of Dushanbe, Khujand, Kurgantyube, Isfara, Kanibadam, I.Somoni district of the city of Dushanbe city, Rudaki region, and also 15 Centers of bank servicing in cities of Dushanbe, Kulyab, Khorog, Vahdat, Kayrakkum, Tursunzade, Penjikent, Istaravshan, in Rasht, J.Rasulov, Matcha, Zafarabad, Gissar, Asht & Yavan regions.