BAKU, Azerbaijan, August 18
By Jeila Aliyeva - Trend:
Turkmenistan’s Rysgal Joint Stock Commercial Bank has started to provide blank loans, Head of the bank’s credit operations department of the bank Gulam Sylabov said, Trend reports with reference to Business Turkmenistan information portal.
The bank also became the first to provide loans for the purchase of housing in the country
As reported, the bank continues to expand its activities. Currently, Rysgal bank finances the construction of Ashgabat-Turkmenabat high-speed highway and facilities of the new administrative center of country's Akhal region, and it also provided funds for major projects aimed at the production of high-quality export-oriented and import-substituting products.
In addition, the bank supports small and medium-sized enterprises, and, in particular, provides cash to private entrepreneurs.
Rysgal was the first bank in the country to launch an internet banking system and offer a MasterCard card to consumers.
Earlier, it was reported that Turkmenistan is working on the introduction of digital technologies in the country's banking sector.
The work is underway to introduce digital technologies into the Turkmenistan’s banking sector.
The introduction of digital technologies into the banking sector of the country will expand the range of banking services and the capabilities of the national payment system provided to customers, as well as increase the competitiveness of credit institutions.
In general, the country's financial sector is constantly expanding. In particular, mobile applications are being introduced to pay for various services and goods, the number of non-cash payments is increasing, and payment for goods and services is being implemented through banking terminals.
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