The building of “Tajik Sodirot Bank” and the “Tajikistan” hotel are for sale

Photo: Internet

The main building of “Tajikistan Development Bank” and the “Tajikistan” hotel were put up for auction on May 25. The responsible body for conducting the auction is the Department for the Organization of State Property Sales of the State Committee for Investments and State Property Management.

The main building of “Tajikistan Development Bank,” located in the center of Dushanbe, has a total area of over 22,000 square meters and is valued at more than 125.2 million somoni (about $11 million). This amount is the starting price of the auction item and may increase or decrease depending on supply and demand.

The Department for the Organization of Sales of the State Committee for Investments has also put the “Tajikistan” hotel up for sale, which was previously owned by Tojiddin Pirzoda, the main shareholder of “Tajikistan Development Bank.”

The starting price of the “Tajikistan” hotel is set at 225 million 285 thousand 624 somoni (about $25 million). The hotel is located in the city center and occupies an area of more than 2 hectares of land. The hotel has 139 rooms.

On May 21, 2021, the National Bank of Tajikistan announced the liquidation of two banks, OJSC “Agroinvestbank” and OJSC “Tajikistan Development Bank.” These largest credit organizations in the country had been in crisis since 2015 and were unable to return depositors’ savings.

At the time of liquidation, “Agroinvestbank” had about 28,000 clients, while “Tajikistan Development Bank” had 5,500.