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

Lending

Lending of physical persons extends for being engaged in the entrepreneur activity, purchase of goods for long-term usage (consumer loans), and building purposes. Loans are given in the national currency. Credits 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.

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 physical 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".

Foreign exchange transactions

The State Bank for Foreign Economic Affairs of Turkmenistan offers its clientele a broad range of foreign exchange transactions with foreign currency and traveller's cheques (with main types of foreign currency).

Bank's servicing includes:

  • purchase and sale of foreign currency by bank for currency of Turkmenistan at a commercial rate (by non-cash and cash settlement);
  • changing of a banknote (banknotes) of a foreign state for banknotes (a banknote) of the same foreign state;
  • selling foreign currency of one foreign state for foreign currency of another foreign state;
  • replacing of decrepit banknotes of a foreign state by new banknotes of the same foreign state;
  • authentication of banknotes of the foreign states;
  • purchase of travelers cheques for foreign currency;
  • collection of checks, drawn for foreign banks.

The State Bank for Foreign Economic Affairs of Turkmenistan has started to sell traveller's cheques for foreign currency, main advantages of which are following:

  • comfort in settlements;
  • safety and reliability of keeping funds;
  • compensation of funds in case of losses cheques;
  • unlimited term of action traveller's cheques.

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.

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.

Demand deposits are unlimited in term; funds are accepted in deposit both in cash and non-cash without restrictions. A depositor has an opportunity to make a supplementary deposit or draw out cash resources from the account. From demand deposit one can transfer funds in favour of the third persons, and execute a power of attorney, empowering to command funds available on the account. At will of the depositor, wages and other earnings may be entered in the account. To receive wages and other earnings through The State Bank for Foreign Economic Affairs of Turkmenistan, it will sufficient to open a demand deposit and present its requisites to the accounts department of your organization.

Time deposits are opened for a period starting from one month and above. Interest rates according to these deposits may be from 1,5 to 8 % annual in the national currency and from 3 to 6 % 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.

Municipal payments

The State Bank for Foreign Economic Affairs of Turkmenistan offers its clientele paying services by charging-off funds from the deposit. Charging-off is carried out for paying for the flat, communication services, public utilities, discharge of parts of the principal debt and accrued interest for consumer loans. Orders for charging-off funds from the deposit account may be both one-time and long-term.

Paying services by charging-off funds from the deposit on the basis of a long-term order grants you the following advantages:

  • you don't waste your time on visiting the bank and drawing up payment document;
  • your payments are transferred within terms you have clearly defined;
  • when visiting the bank, you may receive the confirmation to transfer of the amount of payments at any time.

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 cash, securities, 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.

Traveller's cheques "American Express"

In order to quietly keep savings at home or trip, The State Bank for Foreign Economic Affairs of Turkmenistan offers you to convert available funds to traveller's cheques "American Express", face-value of which in foreign currency (in USD, euro or GBP).

Buying cheques its holder gets following advantages:

  • Surely defends your savings- nobody else can use your cheques on the assumption of keeping simply rules. In case of loss cheques, the "American Express" company compensates you overall cost of cheques in the shortest possible time through their system all over the world;
  • Saves your time and money-in order to use traveller's cheques no need to open account in the bank or carries out transfer of funds and at the same time bank takes minimum commission;
  • An opportunity to draw out traveller's cheques in any bank- full information about banks and centres of exchange all over the world you can receive in bank and in the special page of "American Express" company internet site.

Telephones:

Settlement and cash operations:  40-64-68, 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.

Reference service call number: 40-61-98.