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Turkmenistan names top banks for biggest amount of cards issued

Turkmenistan Materials 5 April 2022 11:38 (UTC +04:00)
Turkmenistan names top banks for biggest amount of cards issued
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, April 5. Turkmenistan’s Dayhanbank State Commercial Bank has become the market leader in terms of the volume of issued plastic cards, Trend reports with reference to the Central Bank of Turkmenistan.

As of April 1, 2022, Dayhanbank issued more than 1.7 million plastic cards.

Turkmenistan State Commercial ranks second in this indicator with more than 959,800 cards, and the Turkmenbashi Joint Stock Commercial Bank closes the top-3 with more than 522,500 cards.

At the same time, Dayhanbank, according to the data of the Central Bank of Turkmenistan, mainly works with clients in the regions of the country. Thus, most of the cards issued by the bank were issued to customers in Mary region (509,700), Dashoguz (432,200) and Lebap (395,100) regions.

The other two leaders in the ranking, Turkmenistan State Commercial Bank and Turkmenbashi Bank issued most of the cards for holders living in Ashgabat, 452,200 cards and 186,700 cards, respectively.

The table below shows the full ranking of banks in Turkmenistan by the volume of issued plastic cards as of 01.04.2022:

Bank: number of cards
Dayhanbank State Commercial Bank of Turkmenistan 1,732,708
Turkmenistan State Commercial Bank 959,816
State Bank for Foreign Economic Affairs of Turkmenistan 499,635
Turkmenbashi State Commercial Bank 522,546
Halkbank State Commercial Bank 519,341
Senagat Joint-Stock Commercial Bank 352,101
Rysgal State Commercial Bank 134,496
Turkmen-Turkish Joint-Stock Commercial Bank 102,351
Total number of cards 4,822,994
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