Germany contributing to development of Turkmen banking sector
Ashgabat, Turkmenistan, March 11
By Huseyn Hasanov- Trend:
A seminar organized by the Central Bank of Turkmenistan (CBT) jointly with the Savings Banks Foundation for International Cooperation (SBFIC) of Germany began its work in the national tourist zone "Avaza" in Turkmenistan, according to the Turkmen newspaper "Neutral Turkmenistan" March 11.
The main objective of the seminar is to prepare professionals, who are able to solve issues on effective development of the banking system considering Turkmenistan's integration into the global economic space, according to the newspaper.
Consistent work has been recently carried out in Turkmenistan in line with priority tasks facing the domestic banks to expand the range of services, create a modern system of cash-free payments using IT technologies, increase volumes of lending and deposits of the country's population.
Much attention is paid to preparation of banks' financial statements in accordance with international standards, the article said.