Loans of Turkmen Banks Exceed 88 Billion Manats

BUSINESS TURKMENISTAN
Loans of Turkmen Banks Exceed 88 Billion Manats
As of October 1 this year, the state institutions and enterprises received loans in the amount of over 58.2 billion manats.

As of October 1, 2022, the total amount of loans allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency amounted to more than 88.1 billion manats, which is 16.7 percent more compared to the same period of 2021. Back then, the loans issued by banks totaled 75.481 billion manats, according to the data of Central Bank of Turkmenistan.

As of October 1 this year, the state institutions and enterprises received loans in the amount of over 58.2 billion manats, which exceeds the relevant indicator for the same period of 2021 by 9.1 percent. During the same period last year, such loans totaled 53.360 billion manats.

According to the Central Bank statistics as of October 1 this year, the amount of loans in national currency provided to non-state companies and organizations in national currency totaled 11.870 billion manats, a 57.7 percent increase compared to the same period of 2021 (7.524 billion manats).

Moreover, the total amount of loans provided to citizens and non-state entrepreneurs in national currency as of October 1, 2022 amounted to more than 18 billion manats, which is 23.6 percent more compared to same period of 2021. Back then, this figure stood at 14.597 billion manats.

As of September 1, 2022 data, the total amount of loans allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency exceeded 84.96 billion manats.

2022