Private Sector Lending in Turkmenistan Increased by More than 23%
At an expanded meeting of the Cabinet of Ministers of Turkmenistan on July 10, Central Bank Chairman Toyly Myalikov presented a report on the performance of the country's banking institutions for the first half of 2026. The statistics presented demonstrate the financial sector's strong engagement in stimulating the national economy, supporting entrepreneurial initiatives, and improving the social conditions of citizens.
According to the figures, as of July 1, 2026, the total volume of loans allocated by domestic banks for the development of various sectors of the economy increased by 7.4% compared to the same period of the last year. The most significant growth was recorded in support of the non-governmental sector and the population: lending to private businesses increased by 23.6%, while financing for individuals grew by 24.5%.
Positive trends are also observed in the housing lending sector, implemented as part of state social programs. The volume of mortgage loans issued to citizens of Turkmenistan in accordance with the Presidential Decree for the purchase of real estate in the velayats, as well as in the cities of Ashgabat and Arkadag, demonstrated a 17.6% increase, confirming the consistent expansion of the affordable housing market in the country.
