Turkmenistan's Rysgal Bank increases its assets
BAKU, Azerbaijan, August 4
By Jeila Aliyeva - Trend:
Turkmenistan’s Rysgal Joint-stock Commercial Bank has increased its assets 59 times since the beginning of its operations in 2012, Trend reports with reference to Business Turkmenistan information portal.
Currently, the bank's assets amount to 7 billion Turkmen manat ($1.995 billion), the report said.
The bank continues to expand its activities. Currently, the bank finances the construction of Ashgabat-Turkmenabat high-speed highway, facilities of the new administrative center of country's Akhal region, and major projects aimed at the production of high-quality export-oriented and import-substituting products.
In addition, the bank supports small and medium-sized enterprises, and, in particular, provides cash to private entrepreneurs.
Rysgal was the first bank in the country to launch an internet banking system and offer a MasterCard card to consumers.
The introduction of the Internet banking system in Rysgal bank is a step towards digital technologies that occupies an important place in the banking system of Turkmenistan.
The introduction of digital technologies into the banking sector of the country will expand the range of banking services and the capabilities of the national payment system provided to customers, as well as increase the competitiveness of credit institutions, the report said.
The country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through banking terminals.
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