Loans of Turkmen Banks Exceed 82.4 Billion Manats

BUSINESS TURKMENISTAN
Loans of Turkmen Banks Exceed 82.4 Billion Manats
Central Bank of Turkmenistan

As of June 1, 2022, the total amount of loans allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency totaled 82.458 billion manats, which is 13.5% more compared to the same period of 2021. Back then, the loans issued by banks totaled 72.649 billion manats, according to the data of Central Bank of Turkmenistan.

As of June 1 this year, the state institutions and enterprises received loans in the amount of 54.985 billion manats, which exceeds the relevant indicator for the same period of 2021 by 4.56%. In 2021, such loans totaled 52.588 billion manats.

According to the Central Bank statistics as of June 1 this year, the amount of loans in national currency provided to non-state companies and organizations in national currency totaled 10.608 billion manats, a 64.8% increase compared to the same period of 2021 (6.437 billion manats).

Moreover, the total amount of loans provided to citizens and non-state entrepreneurs in national currency as of June 1, 2022 amounted to 16.865 billion manats, which is 23.8% more compared to same period of 2021. Back then, this figure stood at 13.624 billion manats.

During the online cabinet meeting in December last year, Turkmenistan approved the Program to reduce the impact on the country's economy of complications encountered in the global economy, and the stable development of the national economy in 2022.

2022