Number of Turkmen Rysgal Bank’s Clients Exceeds 132 Thousand

BUSINESS TURKMENISTAN
Number of Turkmen Rysgal Bank’s Clients Exceeds 132 Thousand
Rysgal JSCB’s assets reached 8.62 billion manats in 2021.

The number of clients of the Rysgal Joint-Stock Commercial Bank reached 132.2 thousand in 2021, which is 43% more than in the same period last year.

The majority of the bank’s clients are entrepreneurs who have taken large loans on a contractual basis to work on large-scale construction projects in the country. Presently, they are participating in the construction of the Ashgabat-Turkmenabat highway and the new modern administrative center of the Ahal velayat.

The bank also provides leasing, factoring, and letter of credit services. On January 2 last year, Rysgal Bank started providing the Cash back service.

The total value of the bank's funds attracted from enterprises and entrepreneurs in 2021 amounted to 3.88 billion manats. This indicator is 7% more than last year. The total cost of attracted funds in 2020 amounted to 3.59 billion manats.

In 2021, the Rysgal bank's assets reached 8.62 billion manats, increasing 21% compared to last year.

The Rysgal JSCB operates branches in all velayats of the country.