Balance of Loans of Turkmen Banks Exceeds 87.9 Billion Manats

BUSINESS TURKMENISTAN
Balance of Loans of Turkmen Banks Exceeds 87.9 Billion Manats
Headquarters of Turkmenistan's Halbank Joint Stock Commercial Bank, Ashgabat, Turkmenistan

As of August 1, 2023, the total amount of loan balances allocated by credit institutions of Turkmenistan to enterprises, organizations and population in national currency amounted to more than 87.94 billion manats, which is 3.6 percent more compared to the same period of 2022. Back then, the loan balances amounted to more than 84.91 billion manats, according to the e-magazine Bank Habarlary published by the Central Bank of Turkmenistan.

As of August 1 this year, the amount of loan balances allocated to state institutions and enterprises amounted to over 55.21 billion manats. On August 1, 2022 such loan balances totaled more than 55.76 billion manats.

According to the Central Bank statistics as of August 1 this year, the amount of loan balances provided to non-state companies and organizations in national currency totaled 12.4 billion manats, a 6.7 percent increase compared to the same period of 2022.

Moreover, the total amount of loan balances provided to citizens and non-state entrepreneurs in national currency as of August 1, 2023 amounted to more than 20.32 billion manats, which is 16 percent more compared to same period of 2022. Back then, this figure stood at 17.527 billion manats.

The total amount of non-cash transactions via bank cards in Turkmenistan in January-July 2023 neared 9.9 billion manats.

2022