Turkmenistan - Banking SystemsTurkmenistan - Banking Systems
The largest state banks include: The State Bank for Foreign Economic Relations (Vnesheconombank), Dayhanbank, Turkmenbashy, Turkmenistan, Halk, and President Banks. These state banks have narrow specializations--foreign trade, agriculture, industry, social infrastructure, savings, and mortgages, respectively. Other smaller state banks, such as Senagat Bank, provide general banking services only. There are also five foreign commercial banks in the country: a joint Turkmen-Turkish bank (with Ziraat Bank), a branch of the National Bank of Pakistan, German Deutsche and Commerz banks, and a branch of Saderat Bank of Iran. The two German banks provide European bank guarantees for companies and for the Turkmen government; they do not provide general banking services. More detailed information on the payment system of Turkmenistan is available in English at the website of the Central Bank of Turkmenistan.
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Turkmenistan Market Access Banks