The State Bank for Foreign Economic Affairs of Turkmenistan

 

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
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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.

We offer cooperation in the payment of wages to employees of your company (organization) with the use of bank cards MILLIKART.

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Loans

The State Bank for Foreign Economic Affairs of Turkmenistan offers the following types of loans:

On the basis of the Decree of President of Turkmenistan “On state support for small and medium-sized businesses” and “On financial support for agricultural producers in our country”, State Bank for Foreign Economic Affairs of Turkmenistan offers preferential credits:

 The loan with 1% of annual rate with the term up to 10 years:

  • To purchase agricultural machinery, tools and equipment, excavators and bulldozers, water-saving equipment used in agriculture and water management.

The loan with 5% of annual rate with the term up to 10 years:

  • To finance investment projects related to livestock and poultry farming, agricultural production, processing and service provision.

Documents submitted a legal entity in the bank for a loan:

  • Credit application or petition
  • Business - plan
  • Balance of the last reporting date and the balance sheet for the previous 3 years
  • The profit and loss account
  • Copies of agreements (contracts) or invoices to prove credited goods, works and services
  • Copies of constituent documents, certificates of incorporation and an extract from the Unified State Register of Legal Entities
  • Card with signatures and seal, notarized or parent organization

The detailed terms of lending you can find at the bank and get expert advice from employees of Credit Department Turkmenvneshekonombank.

Documents provided by the individual entrepreneur to the bank for a loan:

  • Credit application or petition
  • Business - plan
  • Tax return on income of physical persons - individual entrepreneurs
  • Copies of agreements (contracts) or invoices to prove credited goods, works and services
  • Registration certificate and a copy of the patent (if required by applicable regulations), as well as licenses for licensed activities
  • Card with signatures and stamp notarized

The detailed terms of lending you can find at the bank and get expert advice from employees of Credit Department of the Turkmenvneshekonombank.

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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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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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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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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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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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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SME Support program!

Support program for small and medium business!

Loans at 5% interest

Under this program, private companies and entrepreneurs of Turkmenistan are available the following products::

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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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Currency exchange transactions

State Bank for Foreign Economic Affairs of Turkmenistan offers its customers a wide range of foreign exchange transactions in foreign currencies (by major currencies).

Turkmenvneshekonombanka services include:

  • Purchase and sale of foreign currency for the currency of Turkmenistan
  • Banknote exchange foreign country to the banknotes of the same foreign country
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