BAKU, Azerbaijan, April 22. Volume of loans issued to state institutions and enterprises in Turkmenistan increased by 3.2 percent from January through February 2022, compared to the same period in 2021 (52.59 billion Turkmen manats, or $15.02 billion) - to 54.32 billion Turkmen manats ($15.52 billion), Trend reports citing Business Turkmenistan news agency.
The total amount of loans issued to non-state enterprises and organizations as of March 1, 2022 amounted to 9.24 billion Turkmen manats ($2.64 billion), which is 63.2 percent more than in the same period of 2021 (5.66 billion Turkmen manats, or $1.61 billion).
From January through February 2022, the total volume of cashless circulation of bank cards in Turkmenistan amounted to 1.71 billion Turkmen manats ($489.7 million).
In general, the country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through bank terminals.