Turkmenistan, Ashgabat, Dec. 29 / Trend H.Hasanov/
The State Commercial Bank of Turkmenistan Halkbank moved to the final stage of talks with the European bank for Reconstruction and Development part (EBRD)of a joint project allocating credit facilities to small and medium sized enterprises, a bank statement said on Thursday.
It has also planned to expand purposeful and beneficial cooperation with other international financial institutions.
The bank owns Turkmenistan's only processing centre, the Altyn Asyr card system, uniting Turkmenistan's all credit and monetary authorities in a card service under one roof.
The bank is also a leader in the creation of an extensive branch network and intends creating a large-scale correspondence network, the statement says.
Authoritative international publication Banker announced the research of Turkmen credit institutions conducted in 2011. As a result, the State Commercial Bank of Turkmenistan Halkbank was named 'The bank of the year'.