ASHGABAT, Turkmenistan, February 24. As of January 1, 2025, the total credit funds doled out by Turkmenistan’s financial institutions to businesses, organizations, and individuals hit the jackpot at 92.14 billion manat (around $2.6 billion), Trend reports.
In comparison, the total credit balance as of January 1, 2024, stood at 89.1 billion manat (around $2.5 billion), reflecting a slight uptick in lending.
A hefty slice of the 2025 credit pie, ringing in at 52.13 billion manat (around $1.5 billion), found its way to government institutions and enterprises, keeping a consistent foothold in the grand scheme of things. The private sector, on the other hand, hit the ground running with a significant uptick in lending, as credit balances soared to 14.76 billion manat (around $414 million), a leap from 12.29 billion manat in 2024.
Furthermore, as of January 1, 2025, residents and entrepreneurs engaged in small-scale entrepreneurial endeavors (without establishing legal firms) obtained 25.25 billion manat (about $707 million) in credit, an increase from 21.81 billion manat (roughly $611 million) the preceding year.
These figures indicate a consistent upward trajectory in the aggregate credit volume, signifying an expanding economic landscape and enhanced accessibility to financial instruments for both individuals and enterprises across diverse sectors within Turkmenistan.
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