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Total profit of credit institutions in Turkmenistan increasing

Turkmenistan Materials 13 October 2022 15:30 (UTC +04:00)
Total profit of credit institutions in Turkmenistan increasing
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, October 13. The total profit of credit institutions of Turkmenistan from January through September 2022 increased by 8.4 percent compared to the same period last year, Trend reports with reference to the State News Agency of Turkmenistan.

This was stated by the Chairman of the Central Bank of Turkmenistan Toyly Myalikov at the October 10 meeting of the government.

According to him, in the reporting period, the balance of loans issued for various segments of the economy in comparison with the same period in 2021 is 9.2 percent higher, including in the national currency – by 16.7 percent.

Moreover, Myalikov noted that, along with this, the indicators for loans for the private sector increased by 34.3 percent, for the development of small and medium-sized businesses – by 3.1 percent, private agricultural producers – by 1.9 times, for the purchase of the real estate by citizens – by 7.5 percent.

The meeting summed up the results of the government's work in the economic sphere for 9 months of 2022, assessed the activities of the Cabinet of Ministers, identified priority tasks for the social and economic development of Turkmenistan, and considered a number of other issues.

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