Halkbank (Turkmenistan)
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Halkbank (Turkmenistan)
Joint-Stock Commercial Bank of Turkmenistan Halkbank ( tk, Türkmenistanyň "Halkbank" paýdarlar täjirçilik banky, "People's Bank"), is a Turkmen state-owned bank and financial services company, headquartered in Ashgabat. A network of Halkbank offices covers the whole territory of Turkmenistan, providing a wide range of services to the public. According to The Banker, Halkbank was in 2011 awarded the title of "Best Bank of the Year in Turkmenistan". History The first savings bank in the Turkmen SSR was opened on August 4, 1923. Since January 1, 1941, 419 savings banks have been operating on the territory of the Turkmen SSR. In 1963, the savings banks were transferred to the department of the State Bank. After the banking reform of 1988, which resulted in the formation of a two-tier system of banks (the Central Bank and specialized banks), state savings banks from a specialized state bank serving the population and legal entities turned into a Savings Bank. On April 30 ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Asset Management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes). The term is commonly used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund. It is also increasingly used in both the business world and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance, and sustainability. IS ...
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Companies Based In Ashgabat
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artific ...
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1993 Establishments In Turkmenistan
File:1993 Events Collage.png, From left, clockwise: The Oslo I Accord is signed in an attempt to resolve the Israeli–Palestinian conflict; The Russian White House is shelled during the 1993 Russian constitutional crisis; Czechoslovakia is peacefully dissolved into the Czech Republic and Slovakia; In the United States, the ATF besieges a compound belonging to David Koresh and the Branch Davidians in a search for illegal weapons, which ends in the building being set alight and killing most inside; Eritrea gains independence; A major snow storm passes over the United States and Canada, leading to over 300 fatalities; Drug lord and narcoterrorist Pablo Escobar is killed by Colombian special forces; Ramzi Yousef and other Islamic terrorists detonate a truck bomb in the subterranean garage of the North Tower of the World Trade Center in the United States., 300x300px, thumb rect 0 0 200 200 Oslo I Accord rect 200 0 400 200 1993 Russian constitutional crisis rect 400 0 600 200 ...
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Banks Established In 1993
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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Banks Of Turkmenistan
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ...
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Assay Office
Assay offices are institutions set up to Metallurgical assay, assay (test the purity of) precious metals. This is often done to protect consumers from buying fake items. Upon successful completion of an assay (i.e. if the metallurgical content is found be equal or better than that claimed by the maker and it otherwise conforms to the prevailing law) the assay offices typically stamp a hallmark on the item to certify its metallurgical content. Hallmarking first appeared in France, with the Goldsmiths' Statute of 1260 promulgated under Étienne Boileau, Provost of Paris, for Louis IX of France, King Louis IX. US assay offices Title 15, Chapter 8, Section 291 of the United States Code makes it unlawful to stamp goods in the United States with "United States Metallurgical assay, assay" or any similar stamp which gives the impression that the item has been officially assayed by the United States government. General overview and function of U.S. assay offices Assay offices did and do ...
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Central Bank Of Turkmenistan
The Central Bank of Turkmenistan ( tk, Türkmenistanyň Merkezi Banky) is the national bank of Turkmenistan. It is located in the centre of Ashgabat Ashgabat or Asgabat ( tk, Aşgabat, ; fa, عشق‌آباد, translit='Ešqābād, formerly named Poltoratsk ( rus, Полтора́цк, p=pəltɐˈratsk) between 1919 and 1927), is the capital and the largest city of Turkmenistan. It lie .... It was established in 1991 and regulates the country's banking system and supervises the national financial policy. It is located in a distinctive high rise building. Board The Board of the Central Bank of Turkmenistan consists of an odd number of people. This includes the Governor, who is the Chairman of the Board and several Vice-Chairmen. Gadyrgeldi Müşşikow has been the Governor since 9 July 2021. Chairmen * Amandurdy Bordzhakov, 1991 - June 1992 * Nazar Saparov, June 1992 - June 1993 * Hudajberdy Orazov, June 1993 - May 1999 * Seitbay Gandimov, May 1999 - May 2002 * Imamdurd ...
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Atamyrat Niyazov
Atamyrat Niyazov (; born 1912 in Gypjak, Transcaspian Oblast, Russian Empire; died 24 December 1942 in Chikola, North Ossetian Autonomous Soviet Socialist Republic, Soviet Union) was a soldier in the Red Army during World War II from the Soviet Republic of Turkmenistan who was the father of the first post-Soviet President of Turkmenistan Saparmurat Niyazov (commonly known as "Türkmenbaşy"). He was also a school teacher and a financial officer. Biography According to the official version of his biography, he was born in the village of Kipchak, Ashkhabad District (later the Derweze District of Ahal Region, and subsequently annexed by the city of Ashgabat) in 1912. He was the eldest son in the family. He was fluent in Arabic, Russian, and Latin. In the late 1920s and early 1930s, he served in the Turkmen cavalry regiment in the village of Keshi (now a neighborhood of Ashgabat). He took an active part in the work to eliminate the illiteracy of the population. In 1932, he successfu ...
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Gosbank
Gosbank (russian: Госбанк, Государственный банк СССР, ''Gosudarstvenny bank SSSR''—the State Bank of the USSR) was the central bank of the Soviet Union and the only bank in the entire country from 1922 to 1991. Gosbank was one of the three Soviet economic authorities, the other two being "Gosplan" (the State Planning Committee) and "Gossnab" (the State Committee for Material Technical Supply). The Gosbank closely collaborated with the Soviet Ministry of Finance to prepare the national state budget. Foundation The foundation of the bank was part of the implementation of the New Economic Policy. On 3 October 1921, the All-Russian Central Executive Committee (VTsIK), passed a resolution for the founding of the State Bank of the Russian Soviet Federative Socialist Republic. This was followed by a similar resolution passed by Sovnarkom on 10 October 1921. It began operations on 16 November 1921. In February 1922 Lenin described the State Bank as ...
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Turkmen SSR
Turkmen, Türkmen, Turkoman, or Turkman may refer to: Peoples Historical ethnonym * Turkoman (ethnonym), ethnonym used for the Oghuz Turks during the Middle Ages Ethnic groups * Turkmen in Anatolia and the Levant (Seljuk and Ottoman-Turkish descendants): ** Iraqi Turkmen, a Turkish minority living mostly in the Turkmeneli region in northern Iraq ** Turks in Israel, a Turkish minority living in Israel ** Turks in Lebanon, a Turkish minority living in Lebanon ** Syrian Turkmen, a Turkish minority living mostly in northern Syria ** Yörüks, a semi-nomadic group in Anatolia often referred to as Turkmen in Turkey ** Anatolian beyliks, small principalities in Anatolia governed by Beys, late 11th–13th centuries * Turkmens, a Turkic people native to Central Asia living primarily in Turkmenistan and North Caucasus ** Iranian Turkmens, Turkmen minority living in Iran ** Afghan Turkmens, Turkmen minority living in Afghanistan ** Turkmen in Pakistan, mostly Turkmen refugees from Afgha ...
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The Banker
''The Banker'' is an English-language monthly international financial affairs publication owned by ''The Financial Times'' Ltd. and edited in London, United Kingdom. The magazine was first published in January 1926 through founding Editor, Brendan Bracken of the ''Financial News'', who went on to become the chairman of the ''Financial Times'' from 1945-1958. Since its founding, the magazine has claimed a dedication to the international perspective through features, interviews, multi-media applications, and events. ''The Banker'' is the world’s premier banking and finance resource, read in over 120 countries and is the key source of data and analysis for the industry. It combines in-depth regional and country coverage with reports on global financial markets, regulation and policy, cash management and securities services, commodities and carbon finance, infrastructure and project finance, trading and technology, clearing and settlement, and management and governance issues. ''T ...
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