Balance of Loans of Turkmen Banks Exceeds 88.4 Billion Manats

BUSINESS TURKMENISTAN
Balance of Loans of Turkmen Banks Exceeds 88.4 Billion Manats
Joint-Stock Commercial Bank Rysgal, Ashgabat, Turkmenistan

As of September 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 88 billion 415.89 million manats, which is 4,1% percent more compared to the same period of 2022. Back then, the loan balances amounted to more than 84 billion 962,96 manats, according to the e-magazine Bank Habarlary published by the Central Bank of Turkmenistan.

As of September 1 this year, the amount of loan balances allocated to state institutions and enterprises amounted to over 55 billion 447 million manats. On September 1, 2022 such loan balances totalled more than 55 billion 292 million manats.

According to the Central Bank statistics, as of September 1 this year, the amount of loan balances provided to non-state companies and organizations in national currency totalled 12 billion 403 million manats, a 4,7% percent increase compared to the same period of 2022.

Moreover, the total amount of loan balances provided to citizens and non-state entrepreneurs in national currency as of September 1, 2023, amounted to more than 20 billion 566 million manats, which is 15,3%  percent more compared to same period of 2022. In September 2022, this figure stood at 17 billion 835 million manats.

The total number of non-cash bank card transactions in Turkmenistan in January-August 2023 neared over 11 billion 435.78 million manats. 

 

2022