Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of May 10, 2000 No. 4691

About increase in the minimum size of the authorized capital of banks of Turkmenistan

For the purpose of depositor protection and creditors, and also in the international financial markets I decide ensuring economic stability and increase in bank rating of Turkmenistan:

1. Establish the minimum size of the authorized capital for the National commercial bank of Turkmenistan of "Turkmenbashi", the National commercial bank of Turkmenistan Daykhanbank, the National commercial bank "Turkmenistan" in the amount of 10 million US dollars in manatny equivalent and Savings bank of Turkmenistan in the amount of 5 million US dollars in manatny equivalent.

2. Establish the minimum size of the authorized capital for commercial banks of non-state pattern of ownership in the amount of 5 million US dollars in manatny equivalent.

3. To nonresidents of Turkmenistan and bank with participation of foreign investments to make fee in the authorized capital of foreign bank (branch of foreign bank) in the foreign currency converted into national currency at the biddings of the Interbank currency exchange of Turkmenistan.

4. Approve the enclosed schedule of step-by-step forming of the minimum size of the authorized capital of banks of Turkmenistan.

5. To banks of Turkmenistan to complete the formation of the minimum size of the authorized capital by October 1, 2001.

6. To impose control over the implementation of this resolution on the Vice-chairman of the Cabinet of Ministers of Turkmenistan the t. Kandymova S.

 

President of Turkmenistan

Saparmurat Turkmenbashi

Approved by the resolution of the President of Turkmenistan of May 10, 2000, No. 4691

Schedule of step-by-step forming of the minimum size of the authorized capital of banks of Turkmenistan

+-----------------------------------------------------------------+
¦    Дата    ¦     10 млн.долларов США     ¦ 5 млн-долларов США   ¦
+------------+-----------------------------+----------------------¦
¦1.01.2000 г.¦     5 млн.долларов США      ¦ 1 млн.долларов США   ¦
¦1.04.2000 г.¦     5,7 млн.долларов США    ¦ 1,5 млн.долларов США ¦
¦1.07.2000 г.¦     6,4 млн.долларов США    ¦ 2 млн.долларов США   ¦
¦1.10.2000 г.¦     7,1 млн.долларов США    ¦ 2,6 млн.долларов США ¦
¦1.01.2001 г.¦     7,8 млн.долларов США    ¦ 3,2 млн.долларов США ¦
¦1.04.2001 г.¦     8,5 млн.долларов США    ¦ 3,8 млн.долларов США ¦
¦1.07.2001 г.¦     9,2 млн.долларов США    ¦ 4,4 млн.долларов США ¦
¦1.10.2001 г.¦     10 млн.долларов США     ¦ 5 млн.долларов США   ¦
+-----------------------------------------------------------------+

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.