BAKU, Azerbaijan, May 4
By Jeila Aliyeva - Trend:
The volume of loans issued by credit institutions of Turkmenistan to state-owned enterprises and organizations in the national currency amounted to 52.6 billion Turkmen manat (more than $15 billion) as of April 1, 2021, Trend reports with reference to the Business Turkmenistan information portal.
The amount of loans issued by credit institutions of Turkmenistan to private enterprises and organizations in the national currency amounted to 5.7 billion manat ($1.6 billion) in the reporting period.
Also, in the reporting period, the total amount of loans granted to citizens and private entrepreneurs in the national currency was worth 13.2 billion manat ($3.8 billion).
The work is underway to introduce digital technologies into the Turkmenistan’s banking sector.
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.
In general, 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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