The authoritative British publication The Banker recognized the state Bank for foreign economic affairs of Turkmenistan as the best banking institution in the country in 2020. The Banker rating is one of the most prestigious and significant in the world's financial circles.
The State Bank for foreign economic Affairs of Turkmenistan has been participating in this rating competition since 2001 and has been awarded this high award for the fourteenth time. This fact is a recognition of the strength of the Bank's leading position in the financial market of Turkmenistan. The achievements of the State Bank for foreign economic affairs, taken into account by The Banker magazine, once again confirmed that it has chosen the right development strategy, which is primarily focused on active work to attract foreign capital and its placement in priority sectors of the country's economy. The Banker magazine, part of the financial Times publishing group, has been published since 1926 and is one of the leading international financial publications.
The annual Bank of the Year Awards competition, held under the patronage of the Banker, is considered one of the key events in the world of Finance, as a result of which the magazine awards the best financial institutions.
The Banker rating has been maintained for more than 20 years and is considered a generally recognized index of the development of global banking institutions around the world. Representatives of banking from more than 150 countries take part in this prestigious competition every year. When determining the award winners, the editorial Board takes into account not only the financial results, but also the success of banks in implementing development strategies and applying new standards and technologies.
