State Bank of foreign economic activity of Turkmenistan was recognized as the best in the country according to the version of authoritative British edition “The Banker”, which gave it the title “Bank of the Year 2014 for Turkmenistan”. Such wonderful news as well as statuette and relevant diploma were delivered in these days by the specialists of the bank from London, where it was held the summing up ceremony of the contest and announced the laureates of prizes of the magazine.
State Bank of foreign economic activity of Turkmenistan participates in this rating contest since 2001 and wins the victory for the 12th time in the nomination “Bank of the Year”. This fact is the recognition of firmness of the leading positions of the bank on the financial market of Turkmenistan. Attainments of the State Bank of foreign economic activity taken into account by magazine “The Banker” confirmed once again that it has chosen true development strategy oriented to the active work on attraction of international capital and its investment in priority sectors of the country’s economy.
In this direction of activity, the bank has accumulated unique experience of cooperation and interaction with various foreign financial organizations: commercial and investment banks, export-credit agencies and development banks. Within the years of its functioning (since 1992), the State Bank of foreign economic activity expanded the geography of cooperation, which includes the countries of North America, Europe and Asia that allows it having to do with different forms of credit culture and successfully adopting the accumulated world practices in banking.
On the strength of its specificity, mainly, the status of governmental agent on the international financial market, a bulk of assets of the bank was presented in the form of long-term credits, being financed owing to foreign borrowings aimed at realization of the state programs of the country’s economic development.
Annual contest “Bank of the Year Awards”, being held under patronage of the edition “The Banker”, is one of the key events in the world of finances. As the result of contest, the magazine gives the awards to the best financial institutes. Rating “The Banker” is conduced already within 15 years and is considered the universally recognized index of development of global banking institutions all over the world. The representatives of banking from over 150 countries annually take part in the authoritative contest.
Briefly about the edition. “The Banker” – the English monthly specialized magazine devoted to the international finances. The owner of publishing house is “The Financial Times Ltd” Company. Magazine is issued in London since 1926, when it first established a reputation as bulletin of international events. The magazine told about production of software, new technological discoveries and innovations, published the reports on countries, bank ratings and commentaries of the experts, reviews of the markets and estimations of the regional industrial development. Finally, “The Banker” became the specialized financial magazine and the bankers, financier, officials and managers of the financial structures of the world lend an ear to it.
Exactly therefore, the victory provided by the authoritative British edition to the Turkmen Bank of foreign economic activity is a regular great success and high index of the work of the specialists of the financial institution. It is also worth mentioning that the attributes of this victory – statuettes and international certificate have augmented the number of numerous awards of the national Bank of foreign economic activity, being carefully preserved in the museum created there.
State Bank of foreign economic activity of Turkmenistan participates in this rating contest since 2001 and wins the victory for the 12th time in the nomination “Bank of the Year”. This fact is the recognition of firmness of the leading positions of the bank on the financial market of Turkmenistan. Attainments of the State Bank of foreign economic activity taken into account by magazine “The Banker” confirmed once again that it has chosen true development strategy oriented to the active work on attraction of international capital and its investment in priority sectors of the country’s economy.
In this direction of activity, the bank has accumulated unique experience of cooperation and interaction with various foreign financial organizations: commercial and investment banks, export-credit agencies and development banks. Within the years of its functioning (since 1992), the State Bank of foreign economic activity expanded the geography of cooperation, which includes the countries of North America, Europe and Asia that allows it having to do with different forms of credit culture and successfully adopting the accumulated world practices in banking.
On the strength of its specificity, mainly, the status of governmental agent on the international financial market, a bulk of assets of the bank was presented in the form of long-term credits, being financed owing to foreign borrowings aimed at realization of the state programs of the country’s economic development.
Annual contest “Bank of the Year Awards”, being held under patronage of the edition “The Banker”, is one of the key events in the world of finances. As the result of contest, the magazine gives the awards to the best financial institutes. Rating “The Banker” is conduced already within 15 years and is considered the universally recognized index of development of global banking institutions all over the world. The representatives of banking from over 150 countries annually take part in the authoritative contest.
Briefly about the edition. “The Banker” – the English monthly specialized magazine devoted to the international finances. The owner of publishing house is “The Financial Times Ltd” Company. Magazine is issued in London since 1926, when it first established a reputation as bulletin of international events. The magazine told about production of software, new technological discoveries and innovations, published the reports on countries, bank ratings and commentaries of the experts, reviews of the markets and estimations of the regional industrial development. Finally, “The Banker” became the specialized financial magazine and the bankers, financier, officials and managers of the financial structures of the world lend an ear to it.
Exactly therefore, the victory provided by the authoritative British edition to the Turkmen Bank of foreign economic activity is a regular great success and high index of the work of the specialists of the financial institution. It is also worth mentioning that the attributes of this victory – statuettes and international certificate have augmented the number of numerous awards of the national Bank of foreign economic activity, being carefully preserved in the museum created there.
