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Turkmenistan discloses top banks by number of POS terminals

Finance Materials 13 July 2023 18:00 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, July 13. Turkmenistan’s Dayhanbank State Commercial Bank has become the leader in terms of most POS terminals across the country, Trend reports.

According to the Central Bank of Turkmenistan, Dayhanbank has 8,983 POS terminals as of the beginning of June 2023. Turkmenistan State Commercial Bank ranks second (8,157 terminals), followed by Halkbank Joint-Stock Commercial Bank (7,820 terminals).

At the same time, Dayhanbank POS terminals are located mainly in the regions of Turkmenistan. Thus, most of the bank's terminals are located in the Lebap (2,516), Mary (1,984), and Dashoguz (1,752) regions.

The table below shows the full rating of banks in Turkmenistan by the number of POS terminals as of 01.07.2023:

Bank: Number of POS terminals
Dayhanbank State Commercial Bank of Turkmenistan 8,983
Turkmenistan State Commercial Bank 8,157
Halkbank Joint-Stock Commercial Bank 7,820
Turkmenbashi Joint-Stock Commercial Bank 5,583
Senagat Joint-Stock Commercial Bank 4,620
Rysgal Joint-Stock Commercial Bank 4,062
Turkmen-Turkish Joint-Stock Commercial Bank 1,778
State Bank for Foreign Economic Affairs of Turkmenistan 1,242
Total number of POS terminals 42,245

Turkmenistan's financial sector is constantly expanding. In particular, mobile applications are being introduced, as well as the number of transactions, ATMs and POS terminals is increasing. For example, over the past six years, the number of POS terminals in the country has increased from 14,848 to 42,131 units.

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