The State Bank for Foreign Economic Affairs of Turkmenistan The State Bank for Foreign Economic Affairs of Turkmenistan The State Bank for Foreign Economic Affairs of Turkmenistan
MAIN PAGE
INF. ABOUT BANK
SERVICES OF THE BANK

Corporate Services of the State Bank for Foreign Economic Affairs of Turkmenistan to legal persons

Lending

The State Bank for Foreign Economic Affairs of Turkmenistan extends loans to:

  • state enterprises to replenish circulating assets, realize industrial investment projects, purchase high-tech equipment, develop infrastructure, etc. loans are given both in the national and foreign currencies. Loans may be short-term or long-term.
  • private enterprises with a view to develop medium-scale business. Loans are given for realization of industrial and trade projects and purchase of raw materials and equipment for industrial purposes. Loans at the expense of the bank's own funds may be extended both in the national and foreign currencies. Loans may be short-term or long-term.

You can familiarize yourself with the aforementioned terms of lending directly in the bank and get highly skilled information from the credit officer of the State Bank for Foreign Economic Affairs of Turkmenistan.

Trade financing and documentary operations

The State Bank for Foreign Economic Affairs of Turkmenistan takes one of the leading places in servicing Turkmenistan's foreign trade. The membership in the International Financing Telecommunication Community SWIFT, the availability of a wide network of correspondent relations with foreign banks, and high professionalism of the bank's officers are important advantages of The State Bank for Foreign Economic Affairs of Turkmenistan in the field of realizing foreign trade documentary operations. The State Bank for Foreign Economic Affairs of Turkmenistan caries out all kinds of export and import operations, adopted in the international banking practice, namely:

  • settlements in the form of import-export documentary letters of credit;
  • settlements in the form of import-export documentary collection of payments;
  • operations with guarantees.

Utilization of documentary operations in the foreign trade with participation of the State Bank for Foreign Economic Affairs of Turkmenistan permits:

  • the State Bank for Foreign Economic Affairs of Turkmenistan to assume foreign trade risks;
  • to reduce risks of non-payment and to shorten terms of export proceeds receipt;
  • to minimize risks associated with goods non-delivery;
  • to reduce the share of advance payment;
  • to minimize costs for the foreign trade transaction;
  • to broaden the opportunity of the world market entry;
  • Bank's clientele to act as professional participants of the foreign trade, using up-to-date and high-tech techniques of settings.

When selecting documentary forms of settlements for foreign trade transactions, Bank's clientele is obligatory granted a professional consultation of highly skilled Bank's officers.

Settlement and cash servicing

The State Bank for Foreign Economic Affairs of Turkmenistan offers its clientele a complex settlement and cash servicing. It includes:

  • opening and servicing banking accounts of the clientele;
  • effecting payments on behalf of the clientele;
  • granting on-line information concerning cash movement;
  • paying cash assets to natural persons on the instructions of the clientele;
  • cash servicing.

When being served at The State Bank for Foreign Economic Affairs of Turkmenistan, the clientele has constant opportunity to apply to the bank's officers for consultations concerning the procedure of realizing banking operations, and the opportunity to make use of various banking products of The State Bank for Foreign Economic Affairs of Turkmenistan. The implementation of the clientele's payment orders for transfer cash assets is carried out "to the day".

Transfer of funds

The State Bank for Foreign Economic Affairs of Turkmenistan offers its clientele the following forms of funds transfer:

  • transfer of funds in Turkmen manats;
  • transfer of funds in foreign currency.

You are invited to carry out transfer of funds through The State Bank for Foreign Economic Affairs of Turkmenistan in Turkmen manats both in your name and in favour of the third persons. The State Bank for Foreign Economic Affairs of Turkmenistan implements transfers both inside the bank and to other credit organizations, located on the territory of Turkmenistan.

You are invited to carry out transfer of funds through The State Bank for Foreign Economic Affairs of Turkmenistan in the foreign currency both in your name and in favour of the third persons. In The State Bank for Foreign Economic Affairs of Turkmenistan transfer of foreign currency may be carried out:

  • within the bounds of Turkmenvnesheconombank;
  • to another credit organizations, located on the territory of Turkmenistan;
  • outside the Turkmenistan.
  • also you can carry out currency-exchange operations at a commercial rate by non-cash settlement.

The membership in the International Telecommunication Community SWIFT, the availability of a wide network of the foreign correspondent banks will allow you to transfer funds in foreign currency to any part of the world "to the day", and in full sum of transfer and minimum amount of commissions.

The State Bank for Foreign Economic Affairs of Turkmenistan through you can receive funds in the foreign currency, having been transferred from abroad:

  • by entering in on-demand account;
  • in cash without opening an account.

All operations in transfer of funds are carried out by The State Bank for Foreign Economic Affairs of Turkmenistan in accordance with Turkmenistan legislation in force.

Deposits

The State Bank for Foreign Economic Affairs of Turkmenistan offers its clientele various types of deposits both in the national and foreign currencies.

Clients can conclude a deposit treaty in different terms and amounts.

Time deposits are opened for a period starting from one month and above. Interest rates according to these deposits may be from 3 to 8 % annual in the national currency and from 2 to 5 % annual in the foreign currency. In accordance with terms of the contract, accrued interest may be paid in cash, by transfer on demand deposit, as well as added to the principal amount of the deposit at the end of each month. Funds are accepted in deposit both in cash and non-cash. At will of client, time deposit may be prolonged for the next period, added by a supplementary payment, as well as partial payment of funds from the deposit may be effected.

When opening a deposit account, clientele will be granted a detailed consultation of the bank's specialists.

Banknote operations

The State Bank for Foreign Economic Affairs of Turkmenistan is the largest operator dealing with the cash foreign currency amongst commercial banks of Turkmenistan. The Bank offers its clientele a wide spectrum of services in implementing banknote operations:

  • purchase/selling cash foreign currency for cashless foreign currency;
  • delivery of cash foreign currency to Turkmenistan;
  • receipt and dispatch of decrepit cash foreign currency, and currency of circulation;
  • receipt of cash foreign currency for collection.

Operations are led in basic kinds of foreign currency in accordance with Turkmenistan legislation in force, conditions and tariffs.

Bank's cards

The State Bank for Foreign Economic Affairs of Turkmenistan, as the modern credit institution, directs its activity at introducing progressive forms of servicing. Servicing operations with banking cards is one of such forms.

The State Bank for Foreign Economic Affairs of Turkmenistan is the member of VISA International Payment System, ensuring servicing the VISA cards, as well as develops its own local payment system, securing servicing MILLIKART cards.

The State Bank for Foreign Economic Affairs of Turkmenistan offers you corporative international cards VISA Business and local cards MILLIKART.

It is convenient with banking cards issued by Turkmenvnesheconombank, in Turkmenistan and abroad.

These cards intend for payment of purchases accomplishing on behalf of organizations or enterprises and also for show businesses and travels. VISA Business is irreplaceable for businessmen whose work connects with frequent travels abroad.

Cards may be used by wide circle of clients, including:

  • enterprises, organizations and owners of small-scale business where important are control of business expenditures;
  • entrepreneurs who have their own business or who are contained in partnership.

When visiting The State Bank for Foreign Economic Affairs of Turkmenistan you may be familiarized in details with distinctive peculiarities of each card, being offered.

Deposit and conversion operations

The State Bank for Foreign Economic Affairs of Turkmenistan is the only commercial bank in Turkmenistan among another one that uses information-trading system Reuters Dealing-2000. This system permits the State Bank for Foreign Economic Affairs of Turkmenistan to make on international market deposit and conversion operations, as well as transactions with securities. It also permits to follow the world quotation of currencies, precious metals, prices on crude oil, cotton and other goods in real time.

The technology having been established in the State Bank for Foreign Economic Affairs of Turkmenistan permits to carry out high profitable operations on behalf of its clients, to place clients' currency means on deposits in the most reliable banks abroad. The Bank is ready to give information about changes having place in the world market at clients' disposal.

Operations with coins of precious metals

The State Bank for Foreign Economic Affairs of Turkmenistan sells memorial coins of precious metals (gold, silver). The bank disposes of all kinds of coins, dedicated to important dates and issued on the territory of Turkmenistan within the period of independence. Memorial coins of precious metals are interesting from the point of view of numismatics, and as beautiful and original gifts.

Taking safe deposit boxes on lease

The State Bank for Foreign Economic Affairs of Turkmenistan grants its clientele individual safe boxes on lease for keeping securities, legal instruments, confidential documents, electronic information carries, jewelry, antiques, etc.

Safe boxes are placed in special depository, equipped with safeguard systems. Access to the depository is strictly restricted, and allowed only for narrow circle of authorized bank clerks and clients, taking safe boxes on lease. After concluding a lease contract, on terms of confidentiality, only the client has an access to the safe deposit box taken on lease.

Advantages of taking safe boxes on lease: safety, reliability, confidentiality, prestige, convenience.

You can take safe deposit boxes on lease at any term with an opportunity to prolong lease and also give the right to use your deposit boxes any depositary.

Telephones:

Settlement and cash operations: 40-61-65, 40-61-69, 40-65-13

Lending operations: 40-61-01, 40-61-17


SMS-service for balance confirmation.

Such kind of service supply possibility for receiving an information about balance of your account by the SMS-report format.

Using SMS-report service, you would not need get to the Bank for balance confirmation, you can save your work time.

Immediate information receiving provides you for completely control over your bank accounts.

To connect to SMS-report service you should inquire to the Bank and conclude appropriate Agreement.

Referral service call number: 40-61-98.