BAKU, Azerbaijan, April 3. The total volume of deposits of the population in banks of Turkmenistan as of February 1 of this year amounted to 2.64 billion Turkmen manats ($754.24 million), Trend reports with reference to the Central Bank of Turkmenistan.
According to the information, these figures are 0.7 percent more than on the same date last year (2.62 billion Turkmen manats or $748.53 million).
Of the total volume of deposits of the population, state-owned commercial banks accounted for 1.67 billion Turkmen manats ($477.11 million), which is 1.7 percent less than on February 1 last year (1.7 billion Turkmen manats or $485.69 million).
Meanwhile, the deposits of the population in joint-stock commercial banks of Turkmenistan amounted to more than 971.3 million Turkmen manats ($277.5 million), which is 5.7 percent more than on the same date last year (918.3 million Turkmen manats or $ 262.3 million).
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 growing, and payment methods are being offered through bank payment terminals.