Loans of Turkmen Banks Exceed 84.3 Billion Manats

BUSINESS TURKMENISTAN
Loans of Turkmen Banks Exceed 84.3 Billion Manats

As of July 1, 2022, the total amount of loans allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency exceeded 84.32 billion manats, which is 14.9% more compared to the same period of 2021. Back then, the loans issued by banks totaled 73.381 billion manats, according to the data of Central Bank of Turkmenistan.

As of July 1 this year, the state institutions and enterprises received loans in the amount of 55.487 billion manats, which exceeds the relevant indicator for the same period of 2021 by 4.8%. During the same period last year, such loans totaled 52.923 billion manats.

According to the Central Bank statistics as of July 1 this year, the amount of loans in national currency provided to non-state companies and organizations in national currency totaled 11.524 billion manats, a 72% 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 July 1, 2022 amounted to 17.758 billion manats, which is 25.8% more compared to same period of 2021. Back then, this figure stood at 13.758 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