Balance of Loans of Turkmen Banks Exceeds 89.2 Billion Manats

BUSINESS TURKMENISTAN
Balance of Loans of Turkmen Banks Exceeds 89.2 Billion Manats
As of April 1 this year, the amount of loan balances provided to non-state companies and organizations in national currency totaled 11.945 billion manats

As of April 1, 2023, the total amount of loan balances allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency amounted to more than 89.2 billion manats, which is 11.5 percent more compared to the same period of 2022. Back then, the loan balances totaled 80.6 billion manats, according to the e-magazine Bank Habarlary published by the Central Bank of Turkmenistan.

As of April 1 this year, the amount of loan balances allocated to state institutions and enterprises amounted to over 57.9 million manats, which exceeds the relevant indicator for the same period of 2022 by 6.6 percent. On April 1, 2022 such loan balances totaled more than 54.3 billion manats.

According to the Central Bank statistics as of April 1 this year, the amount of loan balances provided to non-state companies and organizations in national currency totaled 11.945 billion manats, a 25.1 percent increase compared to the same period of 2022. The total amount of loan balances as of April 1, 2022 totaled 9.546 billion manats.

Moreover, the total amount of loan balances provided to citizens and non-state entrepreneurs in national currency as of April 1, 2023 amounted to more than 19.4 billion manats, which is 20.1 percent more compared to same period of 2022. Back then, this figure stood at 16.16 billion manats.

The total amount of non-cash transactions via bank cards in Turkmenistan exceeded 3.88 billion manats.  

2022