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TRK: Trasta komercbanka has launched a representative office in Tajikistan

Spekuliantai.lt | 2009-10-12 | NASDAQ OMX biržų naujienos | perskaitė: 1948
TRK: Trasta komercbanka has launched a representative office in Tajikistan

Trasta komercbanka Company Announcement 12.10.2009

Trasta komercbanka has launched a representative office in Tajikistan

Last week JSC „Trasta komercbanka” (TKB) opened a representative office in
Tajikistan thus becoming the first European bank that has started business in
this Central Asian country.

The launch of TKB Tajikistan representative office is an important step of the
Bank towards to its clients and an opportunity to open new terrains for Latvian
entrepreneurs. Owing to the development potential of Tajikistan's economy and
financial solutions offered by TKB, now wide export and import opportunities
have become available to Latvian businessmen in the country the economy of
which has so far been closed to western business.

The representative office of TKB in Tajikistan is an opportunity for Latvian
entrepreneurs to enter a market, where particularly pending are such economic
industries as information technology, food industry, construction, woodworking,
mechanical engineering, metal working and others which could provide a real
potential for development of Latvian export in this region. Latvia, in its
turn, could serve as a strategic launching pad for Tajikistan towards the EU
countries. This summer, when the President of Latvia and Latvian businessmen
and among them representatives of TKB management visited Tajikistan, they
discussed on the state-by-state basis the opportunities of Tajikistan's goods
transit through Latvia Board.

Chairman of Trasta komercbanka G.Grieze, “Tajikistan has suffered from the
global economic crisis less than other countries since it has not reached the
apex from which a flop is much more painful. Tajikistan has a strong economic
growth potential and the free market niches are attractive to new, including
foreign players. The most advanced sectors of Tajikistan's economy are aluminum
industry and cotton production, and the banking sector is now developing
rapidly. For this particular reason the entry TKB into this market is very
well-timed, and our 20 years of international experience in customer service is
particularly useful."

Board Vice-Chairman of Trasta komercbanka V. Ziemelis: "When tapping the market
of Tajikistan the created partnership is of particular importance in this
region, as each entrant in the market is carefully tested and authorised both
formally and informally. Therefore, our contacts will considerably ease the
endeavors of other Latvian entrepreneurs in this region. "

Trasta komercbanka has many years of business experience in Central Asia,
including Kazakhstan, where a Bank's representative office has been operating
for five years, and it plays an important role in the research of the region
and establishment of business contacts. The address of TKB representative
office in Tajikistan is as follows: 100 Rudaki Ave, Dushanbe, Tajikistan,
734003, telephone +992 44 6402777.

Agita Musina
Public Relations Specialist
JSC "Trasta komercbanka"

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