BAKU, Azerbaijan, April 12
By Jeila Aliyeva - Trend:
The net profit of the State Bank for Foreign Economic Affairs of Turkmenistan increased by 4.9 percent for 2020, Trend reports with reference to the Business Turkmenistan information portal.
Over the past year, the bank's equity increased by about 27.1 percent.
In partnership with international financial organizations, the bank has intensified its efforts to support the private sector in 2020.
As a result, several loan agreements were signed between Turkmen bank and the American Deere Credit Inc, the OPEC Fund, as well as the Islamic Corporation for the Development of the Private Sector.
An agreement on cooperation between the Russian Transkapitalbank and the State Bank for Foreign Economic Affairs of Turkmenistan has been signed.
The cooperation agreement is designed to strengthen the partnership relations of the parties and identify prospects and directions for their development.
The banks established correspondent relations in 2016, the report said.
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