The State Bank for Foreign Economic Affairs of Turkmenistan

Partnership for development!

Settlement and cash services

State Bank for Foreign Economic Affairs of Turkmenistan offers its customers a comprehensive cash management services. Among the services offered are:

  • Opening and maintenance of bank accounts
  • Settlements on behalf of clients
  • Providing timely information on cash flows on clients accounts
  • Payment on behalf of a client money to individuals
  • Settlement services

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Banknote operations

State Bank for Foreign Economic Affairs of Turkmenistan is the largest operator with foreign currency in commercial banks of Turkmenistan.

Turkmenvneshekonombank offers a wide range of services for banknote operations:

  • Purchase / sale of foreign currency for non-cash foreign currency
  • Delivery of foreign currency in Turkmenistan
  • Receiving foreign currency for collection

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Loans

The State Bank for Foreign Economic Affairs of Turkmenistan provides loans:

State enterprises:

  • For working capital
  • Implementation of industrial investment projects
  • Purchase high-tech equipment
  • Infrastructure development and other purposes

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MILLIKART - "Salary" projects

The State Bank for Foreign Economic Affairs of Turkmenistan as a modern credit institution aims at the introduction of progressive forms of service. One such form is maintenance operations with bank cards.

Turkmenvneshekonombank first bank in Turkmenistan has developed its own local payment system that provides service cards MILLIKART.

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Factoring

Factoring - a new type of funding for providers experiencing temporary financial difficulties as a result of delays in repayment of debt buyers and the limited sources available to them credit.

How it works:

  • The supplier delivers the goods (services) to the Buyer in accordance with the supply agreement
  • Supplier forward to the Bank all documents proving that the delivery of goods
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VISA Business – Corporate international cards

Turkmenvneshekonombank is a member of the international payment system VISA International, and provides service to all cards VISA, as well as the issuer of cards VISA Business.

Visa Business Card for businesses - more than just ATM card. This is an effective way to pay the companys expenses in millions of outlets worldwide.

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Documentary operations

State Bank for Foreign Economic Affairs of Turkmenistan is one of the leading places in the service of foreign trade of Turkmenistan. Membership in international financial telecommunication community SWIFT, a large network of correspondent relations with foreign banks and the high professionalism of the bank is an important advantage for the implementation Turkmenvneshekonombanka trade documentary operations.

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Deposit and conversion operations

State Bank for Foreign Economic Affairs of Turkmenistan - the only among commercial banks of Turkmenistan using information and trading system Reuters Dealing-2000.

This system allows you to conduct Turkmenvneshekonombanku deposits and foreign exchange transactions as well as transactions in securities on foreign markets, tracking global currency rates, precious metals, crude oil, cotton and other products in real time.

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Remittances

State Bank for Foreign Economic Affairs of Turkmenistan offers its customers the following types of remittances:

  • Remittances in Turkmen manats
  • Remittances in foreign currency

You can make a Turkmenvneshekonombank remittances in TMT as its name, and in favor of third parties.

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Rental of safes

State Bank for Foreign Economic Affairs of Turkmenistan leases clients ndividual isafe deposit boxes for safekeeping of securities, legal documents, confidential documents, electronic media, jewelry, antiques, paintings and other valuables.

Lockers are placed in a special storage, equipped with alarm systems. Access to the repository is strictly limited to a small circle of authorized bank employees and customers safe deposit box rental.

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Deposits

State Bank for Foreign Economic Affairs of Turkmenistan offers its customers various types of deposits in national and foreign currencies.

The client can be concluded deposit agreement on different terms and amounts. Deposits opened for a period of one month or more. Interest rates on deposits ranging from 3 to 8 percent per annum in local currency, and from 2 to 5 per cent per annum in foreign currency.

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Import Trade finance

“rade Finance"" – is the most appropriate tool for ensuring the reliability of calculations and availability of necessary resources. This product provides ample opportunities for financing of foreign trade operations of our clients:

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