ASHGABAT, Turkmenistan, June 28. Household deposits held in Turkmenistan's credit institutions increased by 22.6 percent year-on-year, reaching approximately $1.26 billion as of June 1, 2025, Trend reports.
Data obtained from the Central Bank of Turkmenistan indicates that state commercial banks attracted the largest share with $771 million, growing by 23.3 percent compared to June 2024. Joint-stock commercial banks held $487 million, marking a 21.6 percent increase. Branches of foreign banks accounted for $130,000, up 26.7 percent.
Demand deposits, which allow account holders to withdraw funds at any time, totaled $1.03 billion, showing a 22.1 percent rise over the year. State commercial banks managed $647 million in demand deposits, joint-stock commercial banks $383 million, and foreign bank branches $130,000.
Term deposits, which are held for fixed periods, summed to $228 million as of June 2025, up 25.4 percent from the previous year. State commercial banks held $124 million in term deposits, growing 30.9 percent, while joint-stock commercial banks held $104 million, up 19.3 percent. Foreign bank branches did not report term deposit data.
The data reflects a growing confidence of households in Turkmenistan’s banking sector and an increasing preference for saving in both demand and term deposit formats.
