Turkmenistan's Banks Extend Loans Exceeding 88 Billion Manats

BUSINESS TURKMENISTAN
Turkmenistan's Banks Extend Loans Exceeding 88 Billion Manats
State Bank for Foreign Economic Activity of Turkmenistan

As of April 1, 2024, the total amount of outstanding loan funds allocated by credit institutions of Turkmenistan to enterprises, organizations, and the population in the national currency amounted to 88 billion 24.83 million manats. The total balance of loans, as of April 1, 2023, amounted to 88 billion 286.46 million manats, according to the Bank Habarlary electronic journal, published by the Central Bank of Turkmenistan.

As of April 1, 2024, the balance of loans allocated to state institutions and enterprises amounted to 53 billion 623 million manats. The total balance of loans as of April 1, 2023, reached 57 billion 933 million manats.

According to the data, as of April 1, 2024, the total balance of loans allocated to the private sector of the country in the national currency amounted to 12 billion 305 million manats. As of April 1, 2023, the total balance of these loans reached 11 billion 945 million manats.

The total balance of loans allocated to citizens and entrepreneurs engaged in entrepreneurial activities without forming a legal entity for the reporting period amounted to 22 billion 97 million manats. As of April 1, 2023, the total balance of loans amounted to 19 billion 408 million manats.

The total volume of non-cash circulation of bank cards in Turkmenistan in January-March of the current year exceeded 3 billion 576.86 million manats.

2022