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Turkmen Halkbank to become joint-stock commercial bank

Finance Materials 10 October 2020 14:14 (UTC +04:00)
Turkmen Halkbank to become joint-stock commercial bank

BAKU, Azerbaijan, October 10

By Jeila Aliyeva - Trend:

Turkmenistan’s Halkbank State Commercial Bank will be transformed into a joint-stock commercial bank with the legal form of an open joint-stock company, Trend reports with reference to Turkmenistan’s State News Agency.

The relevant decree was signed by President of Turkmenistan Gurbanguly Berdimuhamedov, that obligates the Ministry of Finance and Economy, as well as the Central Bank of the country to change the organizational and legal form of the bank.

Also, according to the document, the Ministry of Finance and Economy and the Central Bank are instructed to prepare and submit to the Cabinet of Ministers proposals on amendments and additions to the legislation of Turkmenistan arising from the above-mentioned resolution within a month.

Earlier, Turkmenistan’s Halkbank introduced a new Halkbank Terminal digital service - Halkbank Terminal.

Halkbank Terminal is a mobile application that facilitates the service of non-cash payments and accepts payments for goods and services, make refunds, as well as view the payment history and others.

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Follow the author on Twitter: @JeilaAliyeva

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