Turkmenistan unveils top banks with largest number of Internet Banking service users

Turkmenistan Materials 23 February 2023 10:36 (UTC +04:00)
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, February 23. Dayhanbank State Commercial Bank became the leader for the number of registered Internet Banking users in Turkmenistan as of the beginning of February 2022, Trend reports with reference to the Central Bank of Turkmenistan.

Dayhanbank has 350,636 registered users of this service, followed by Turkmenistan State Commercial Bank (300,880 users), and Turkmenbashi Joint-Stock Commercial Bank (167,167 users).

Dayhanbank mainly works with clients in the regions of Turkmenistan. Thus, most of the users are located in Mary (139,917 users), Lebap (78,897 users), and Dashoguz (55,237 users) regions.

The table below shows the full rating of banks in Turkmenistan by the number of registered users of the Internet Banking service as of 01.02.2023

Bank: Number of registered users
Dayhanbank State Commercial Bank of Turkmenistan 350,636
Turkmenistan State Commercial Bank 300,880
Turkmenbashi Joint-Stock Commercial Bank 167,167
Halkbank Joint-Stock Commercial Bank 74,074
Senagat Joint-Stock Commercial Bank 38,888
Turkmen-Turkish Joint-Stock Commercial Bank 8,485
Rysgal Joint-Stock Commercial Bank 4,531
Total number of registered users 944,661

Turkmenistan's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of transactions is increasing, and payment methods are being offered through bank payment terminals. For example, over the past six months, the number of Internet Banking service users in the country has increased from 879,829 to 944,661.