The State  Bank for Foreign Economic Activity of Turkmenistan, Turkmenvnesheconombank,  was incorporated on January 27, 1992, on the basis of the former branch office of the Vnesheconombank of USSR by a decree of the President of Turkmenistan. Turkmenvnesheconombank is actually of the same age as the independence of Turkmenistan, and it was established to develop and strengthen foreign economic links and protect forex interests of Turkmenistan. The most mportant pre-requisite of the Bank's establishment the implementation of a large-scale investment program aimed at seachange reforming of the national economy and at ensuring economic health of Turkmenistan. Over the years of its existance the geograpgy of Vnesheconombank collaboration has encompassed countries of North America, Europe and Asia giving the Bank an opportunity to familiarize itself with diverse forms of "credit culture" and successfully learn from the experience accumulated in the banking business worlwide.

about the bank in numbers

  • 1992 incorporation year
  • 13 wins in the Best Bank of the Year in Turkmenistan nomination of The Banker magazine
  • 50 partner banks in 20 countries of the world
  • 213 is the Bank employee headcount
Clients news
The First Banking Conference by Colvir Software Solutions Takes Place in Turkmenistan
The Ashgabat Colvir Camp 2024 event brought together representatives from the country’s banking community and finance sector experts.
21 June 2024 , 09:00 Turkmenistan
Advantages Colvir Software Solutions
Reliability 100% successful Projects
Simplicity Product modules are independent of the kernel
Spot-on Relevance International practice focused on banking products and services
Great Potential We invest 100% of our earnings in further system development
Popularity Localized throughout CIS
User-Friendliness Flexible and customer-oriented
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