Brief overview
Common Information
- Full name
- The State Bank for Foreign Economic Affairs of Turkmenistan
- Short name
- Turkmenvnesheconombank
- Chairman of the Board
- Jepbarov Rahimberdy Jepbarovich
The State Bank for Foreign Economic Affairs of Turkmenistan
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Correspondents 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.
Financial statements
Financial and Annual reports of The State Bank for Foreign Economic Affairs of Turkmenistan to be downloaded from here...
Turkmenbashi branch
On June 15, 2009, within the framework of solomnities on opening of a number of hotels in “Avaza” National tourist zone, the opening ceremony of a branch of the State Bank for Foreign Economic Affairs of Turkmenistan has taken place in Avaza.
The branch of the Bank has been disposed on the ground floor of newly opened five-star hotel “Hazyna”.
History of the Bank
The State Bank for Foreign Economic Affairs of Turkmenistan "Turkmenvnesheconombank" - the state commercial bank was founded in January 27, 1992 on the basis of former USSR Foreign Economic Bank by the Decree of the President of Turkmenistan Saparmurat Turkmenbashi. Turkmenvneshecombank, being contemporary of Turkmenistans independence was established for developing and strengthening foreign economic relations and for protecting monetary interest of Turkmenistan.
Bank projects
At the participating of the State Bank for Foreign Economic Affairs of Turkmenistan the following state investment projects have been realized:
In oil and gas industry:
- Construction of the plant to manufacture lubricant oils at the Turkmenbashy Oil Refinery
- Construction of the plant for liquid catalytic cracking and catalytic reforming at the Turkmenbashy Oil Refinery
Development strategy 2012-2016
Economical, financial and banking development strategy of Turkmenistan on 2012-2016 years
Ashgabat city Branch
Ashgabat city Branch of the State Bank for Foreign Economic Affairs of Turkmenistan is located: in Ashgabat , 1945 (10 yil Abadanchylyk ) str. 160.
Achievements and awards
Recently, in fluencial British journal The Banker has recognized Turkmen State Bank for Foreign Economic Affairs (Turkmenvnesheconombank) as the best banking institution of the country in 2017 with "Bank of the Year 2017 for Turkmenistan" award.
The bank was awarded for the thirteenth time.
This award has recognized the Banks as the leading bank in the financial sector of Turkmenistan. "Constantly expanding its presence in both retail and corporate segment, we strive to create the largest financial institution in Turkmenistan. This approach promotes sustainable economic growth in independent neutral Turkmenistan".
