Turkmenistan’s Halkbank to be transformed into joint-stock company
BAKU, Azerbaijan, September 12
By Jeila Aliyeva - Trend:
Turkmenistan’s Halkbank State Commercial Bank will be transformed into an Open Joint-Stock bank, Trend reports with reference to the State News Agency of Turkmenistan.
The relevant proposal was approved by President of Turkmenistan Gurbanguly Berdimuhamedov.
The president instructed to carry out the planned work within the established time frame and consider changing the organizational and legal structure of a number of state-owned banks.
The country is currently working to organize the securities market, improve the activities of banking institutions and gradually transform them into joint-stock companies.
Thus, the steps being taken are consistent with the tasks outlined in Turkmenistan’s the program of socio-economic development of Turkmenistan for 2019-2025 and the banking system development program for 2011-2030.
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