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Turkmenistan names data on deposits in credit institutions

Finance Materials 6 May 2021 14:47 (UTC +04:00)
Turkmenistan names data on deposits in credit institutions

BAKU, Azerbaijan, May 6

By Jeila Aliyeva - Trend:

The total amount of deposits of Turkmenistan's citizens in credit institutions amounted to 29.8 billion Turkmen manat ($8.5 billion) as of April 1, 2021, which is 5.4 percent more than the same period last year, Trend reports with reference to the Business Turkmenistan information portal.

In the reporting period, the total amount of deposits of Turkmen citizens in joint-stock commercial banks amounted to 6.4 billion Turkmen manat ($1.8 billion).

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.

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).

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Follow the author on Twitter: @JeilaAliyeva

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