Deputy Chairman of the Cabinet of Ministers of Turkmenistan Hojamyrat Geldimyradov reported on preparations for audits of the annual financial statements of the country's banks at a government meeting on November 28.

As reported, the State Development Bank, the State Bank for Foreign Economic Affairs, the state-commercial banks Daýhanbank and Turkmenistan, the joint-stock commercial banks Türkmenbaşy, Halkbank, and Senagat, and the Turkmen-Turkish Joint-Stock Commercial Bank plan to announce an international tender to select an audit firm included in the list of reputable international audit firms. This will allow for an analysis of the financial reporting accuracy of the country's credit institutions and an assessment of their banking activities.

After hearing the report, President Serdar Berdimuhamedov emphasized the need to further improve the banking sector and expand the range of services provided. Having approved a proposal to announce an international tender in the media for audits of the country's banks, the head of state instructed the Deputy Prime Minister to carry out the relevant work.