BAKU, Azerbaijan, April 28. The volume of loans issued by credit institutions of Turkmenistan to enterprises, organizations, and citizens amounted to 79.45 billion Turkmen manats ($22.7 billion), as of March 1, 2022, which is 11.3 percent more than in the reporting period 2021 (71.36 billion Turkmen manats - $20.38 billion), Trend reports citing Business Turkmenistan news agency.
The total amount of loans issued to citizens and non-state entrepreneurs amounted to 15.88 billion Turkmen manats ($4.54 billion) as of March 1, 2022, which is 21.2 percent more than in the same period of 2021 (13.10 billion Turkmen manats - $3.74 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 banking terminals.