Senagat JSC Bank is the Bank of the Year in Turkmenistan by the Banker financial magazine
In the framework of annual award ceremony of the awards «Bank of the Year Awards 2016», which was organized in London by one of the leading financial magazine the Banker, the part of Financial Times Group, Senagat Joint Stock Commercial Bank was awarded the title the Bank of the Year in Turkmenistan in 2016.
The award ceremony of the Banker prize is an annual event, where best financial institutions of the world participate. Senagat JSC Bank was awarded with this prestigious prize already for the second time.
Senagat is one of the first commercial banks in Turkmenistan. Private entrepreneurs, enterprises of all forms of ownership, where plenty representatives of small and medium business, jint ventures and foreign companies use the services of the bank. Senagat JSC Bank actively participates in realization of the State programmes for support of small and medium business and development of banking sphere of the country aimed at diversification of the economy, financial support of domestic production manufacturers and growth of entrepreneurship.
Senagat JSC Bank is trying to provide its clients with maximum range of services. The bank proves the image of progressively developing financial institution by considerable increase of operations volume and the growth of assets. The support of private production manufacturers of Turkmenistan is the priority direction of the bank activity.
The work of Senagat JSC Bank is distinguished by financial flexibility and stability of the resource base. For the period from 2010 until 2016, the bank’s proprietary funds have grown eleven times, the income – 5 times, assets – 5.5 times, credit investments – 21 times, number of clients – 5 times, what proves active and efficient participation of the bank in realization of the state strategy of social and economic reforms.