Balance of Loans of Turkmen Banks Exceed 88.4 Billion Manats

BUSINESS TURKMENISTAN
Balance of Loans of Turkmen Banks Exceed 88.4 Billion Manats
As of December 1 this year, the amount of loan balances allocated to state institutions and enterprises amounted to over 58 billion manats.

As of December 1, 2022, the total amount of loan balances allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency amounted to more than 88.49 billion manats, which is 14.6 percent more compared to the same period of 2021. Back then, the loan balances totaled 77.199 billion manats, according to the data of Central Bank of Turkmenistan.

As of December 1 this year, the amount of loan balances allocated to state institutions and enterprises amounted to over 58 billion manats, which exceeds the relevant indicator for the same period of 2021 by 7.4 percent. During the same period last year, such loan balances totaled more than 54 billion manats.

According to the Central Bank statistics as of December 1 this year, the amount of loan balances provided to non-state companies and organizations in national currency totaled 11.83 billion manats, a 47 percent increase compared to the same period of 2021 (more than 8 billion manats).

Moreover, the total amount of loan balances provided to citizens and non-state entrepreneurs in national currency as of December 1, 2022 amounted to more than 18.619 billion manats, which is 23.1 percent more compared to same period of 2021. Back then, this figure stood at 15.129 billion manats.

The total amount of non-cash transactions via bank cards in Turkmenistan from January to October 2022 exceeded 12.9 billion manats.

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2022