Correspondent relations

The correspondent network of the State Bank for Foreign Economic Affairs of Turkmenistan is the most developed one among Turkmen banks, which allows the Bank effecting payments using payment routes being efficient for the customers, within the shortest periods.

The Bank regularly work on the direction of improving accounts' operational regime and reducing costs while making settlements through the Bank correspondent accounts in the banks of CIS, Europe, North America and Asia. Strengthening partnership relations with the correspondent banks, being considered, as a rule, the biggest financial institutions in their countries, allows the Bank to obtain net limits and credit lines holding conversion and trade operations.

The important direction of the State Bank for Foreign Economic Affairs of Turkmenistan in the sphere of cooperation with financial organizations is to develop partnership relations with national export-import and insurance agencies, international banks and development funds. The long-term partnership relations have been established with Eximbanks of China, Czechia, Turkey, Malaysia, and the Japan Bank for International Cooperation, as well as Germes, Kofas and OND insurance agencies. Such financial institutions as European Bank for Reconstruction and Development, Islamic Development Bank, OPEC Fund, Abu-Dhabi Development Fund and Saudi Development Fund are notable among international banks and development funds.

The State Bank for Foreign Economic Affairs of Turkmenistan strived to strengthen its positions at the international market, being a unique "calling card" of Turkmenistan banking system.

The list of main correspondent banks in "NOSTRO"accounts: