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Turkmenistan invites German banks to work directly

Finance Materials 2 October 2023 17:31 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, October 2. Chairman of the People's Council of Turkmenistan Gurbanguly Berdimuhamedov, speaking at the meeting of the heads of delegations of the Central Asian countries and the Eastern Committee of the German Economy in Berlin, invited German banks to cooperate directly with Turkmenistan's commercial and state-owned banks, Trend reports.

"In our opinion, the financial and banking sector is intended to become the leading direction of Turkmen-German cooperation," Berdimuhamedov said.

At the same time, he also invited insurance organizations and export credit institutions to actively cooperate with banks of Turkmenistan.

Germany's banking system is one of the most stable and developed in the world. It consists of three main sectors: private, public and cooperative. German banks provide a wide range of services for individuals and legal entities, as well as participate in international financial transactions.

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