The Foreign Economic Affairs Bank of Turkmenistan received a ‘BB-stable’ rating from Fitch Ratings

The Foreign Economic Affairs Bank of Turkmenistan received a ‘BB-stable’ rating from Fitch Ratings
4 21.06.2025

Deputy Prime Minister of Turkmenistan Hojamyrat Geldimyradov reported on the activities of the State Bank for Foreign Economic Affairs of Turkmenistan (TFEB) in obtaining an international rating from Fitch Ratings (UK) during a government meeting on 20 June. This was reported by the state news agency TDH.

On 16 June, the bank received a ‘BB-stable’ rating. The agency noted the country's high level of financial stability, significant insurance reserves and high solvency of TFEB, which is one of the largest banks in Turkmenistan.

After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the significance of this event for strengthening Turkmenistan's international financial image and instructed the Deputy Prime Minister to continue work in the field of foreign economic activity.