dayhanbank state commercial bank of turkmenistan

What dayhanbank state commercial bank of turkmenistan does

Dayhanbank State Commercial Bank of Turkmenistan (Türkmenistanyň "Daýhanbank" döwlet täjirçilik banky) is a state-owned commercial bank headquartered at Bitarap Türkmenistan şaýoly 465, Ashgabat, operating under the ownership and mandate of the Government of Turkmenistan. The bank delivers a full-service retail and commercial banking platform spanning deposit accounts, lending products, payment cards, money transfers, foreign exchange, documentary credits, and safe deposit boxes, with a thematic specialization in agricultural sector financing via small-amount loans (up to 30,000 manat at 10% annual interest, terms up to 3 years).

The bank operates a multi-channel distribution architecture combining a nationwide physical branch network covering Ashgabat, Arkadag, and all five velayats (Ahal, Balkan, Daşoguz, Mary, Lebap) with digital channels including online banking portals (sb.dayhanbank.gov.tm for legal entities, fiz.dayhanbank.gov.tm for individuals, ib.dayhanbank.gov.tm), a Dayhanbank mobile application distributed via APK, an online loan origination platform, and the proprietary 'Meleguş' domestic cash money transfer system launched in 2022. The bank's proprietary 'Altyn Asyr' (Golden Century) bank card is used at its own and shared ATM/POS infrastructure, which processes nearly 60% of POS cash withdrawals and approximately 40% of ATM withdrawals nationally.

Dayhanbank generates revenue through interest income from agricultural, consumer, mortgage, and SME/business lending, complemented by a comprehensive published tariff schedule of transaction and service fees covering account management, cash operations, card operations, international transfers (500–2,000 manat per wire up to USD 50,000), documentary credits, guarantees, and foreign currency exchange. The bank serves four primary customer segments — agricultural farmers and peasant farms, private entrepreneurs and legal entities, individual citizens, and state sector entities — with a secondary role in government agricultural procurement payment flows.

Name

dayhanbank state commercial bank of turkmenistan

Legal name

Türkmenistanyň "Daýhanbank" döwlet täjirçilik banky

Website

https://dayhanbank.gov.tm

Company type

Private

Operating status

Operating

Short description

Dayhanbank is a state-owned commercial bank in Turkmenistan offering retail, agricultural, corporate, and digital banking services through a nationwide branch network and proprietary Altyn Asyr card and Meleguş transfer systems.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Retail banking services
• Agricultural lending
• Commercial banking
• Money transfer services
• Digital banking

Headquarters

HQ city

Ashgabat

HQ country

Turkmenistan

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Revenue model

1. Interest Income: Revenue generated from lending activities including agricultural loans, consumer loans, mortgages, and business loans to enterprises and entrepreneurs
2. Transaction and Service Fees: Comprehensive fee structure covering account management, cash operations, international transfers, plastic card operations, terminal services, and documentary operations as outlined in the official tariff schedule
3. Currency Exchange Operations: Revenue from foreign currency exchange transactions, including buying and selling foreign currency with applicable fees
4. Documentary Credits and Guarantees: Fees from letters of credit, bank guarantees, and documentary operations for legal entities
5. Deposits and Savings: Deposit account management and savings products including various investment deposit schemes

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Dayhanbank is a state commercial bank providing comprehensive retail and corporate banking services across Turkmenistan. Its core offerings include deposit and savings accounts, agricultural and consumer loans, payment cards (Altyn Asyr), domestic money transfers (Meleguş), POS/ATM merchant acquiring, foreign exchange, safe deposit boxes, and digital banking via internet and mobile platforms. The bank operates a nationwide branch network covering all five velayats plus Ashgabat and Arkadag.

Product overview

Dayhanbank is a state commercial bank of Turkmenistan offering a comprehensive suite of banking products and services. Its retail offerings include the Altyn Asyr debit card with associated overdraft and small-amount loans, consumer loans for young couples, student loans, and mortgage products. The bank serves SMEs and legal entities with commercial loans, savings accounts (Gadamy beýik gahryman, Talap edilýänçä, Gojalara hemaýat, Galkynan daýhan, Goýum bank karty), and a dedicated branch network across all velayats. Key digital channels include the Dayhanbank mobile app (with APK variants), internet banking portals for individuals and legal entities, an online loan application platform, and the Meleguş domestic cash money transfer service. The bank also provides merchant acquiring via POS/E-POS terminals and safe deposit boxes.

Differentiator

Problem solved

Functional benefit

Products and services

• Dayhanbank Mobile Application Mobile banking application for customers to access banking services on smartphones, with Dayhanbank and MBank APK variants available for download.
• Internet Banking Platform Online banking platform providing services for both legal entities and individuals, enabling account management, transfers, and other operations over the internet.
• Altyn Asyr Bank Card Proprietary bank card offered for cash withdrawals and payments at ATMs and POS terminals throughout Turkmenistan.
• Small-amount Agricultural Loans Small-amount loans for citizens engaged in agriculture and livestock farming, up to 30,000 manat, with 10% annual interest rate and terms up to 3 years, collateralized by guarantor or property.
• Consumer Loans Consumer-purpose loans available for individuals, including loans for young married couples to purchase homes, with terms of 1 to 3 years and collateral requirements.
• Overdraft Loans Overdraft credit facility for Altyn Asyr card holders, providing short-term liquidity against existing card balances.
• Student Loans Education-purpose loan for students in higher and secondary vocational education institutions, supporting youth and their families.
• Mortgage Loans Long-term mortgage loans for home purchase, with processing and re-processing fees as specified in the bank's fee schedule.
• Savings Accounts Savings account products including 'Gadamy beýik gahryman', 'Talap edilýänçä', 'Gojalara hemaýat', 'Galkynan daýhan', and 'Goýum bank karty', each with specific terms for individuals to deposit and grow savings.
• Meleguş Money Transfer Service Cash money transfer service enabling customers to send Turkmenistan manat domestically in a secure manner to recipients at any branch, with unclaimed transfers returned after 7 business days.
• Safe Deposit Boxes Secure safe deposit boxes for storing valuables, jewelry, and documents, located in bank premises with high-level security and confidentiality guarantees.
• Commercial and SME Loans Loans for private entrepreneurs and legal entities including SME financing and government-supported loans for agricultural producers, with varying collateral and interest requirements.
• POS/E-POS Terminal Services Point-of-sale (POS) and electronic POS terminal installation and management services for merchants, enabling electronic payment acceptance with associated fees and processing support.
• Branch Network Banking Services Comprehensive branch banking services across Ashgabat, Arkadag, and all five velayats (provinces) of Turkmenistan — Ahal, Balkan, Daşoguz, Mary, and Lebap — covering cash deposits, withdrawals, account opening, and in-person transactions.
• Digital Loan Application Service Online loan application service allowing customers to apply for loans digitally, submit required documentation, and track application status via the bank's website.
• International Payment Request Service Online request service for international payment systems, enabling customers to initiate and process cross-border money transfers.

Quantifiable outcome

• Nearly 60% of POS cash withdrawals in Turkmenistan processed by Dayhanbank
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sberbank: Dominant state-controlled universal bank in Russia with nationwide retail dominance and full product suite. Comparable as a state-owned universal bank with a national branch network and retail market dominance, though at vastly larger scale.

Direct peers

• Türkmenistanyň Maýa Goýum Banky (Investment Bank of Turkmenistan): State-owned investment-focused bank in Turkmenistan offering corporate lending, project finance, and treasury products. Comparable in state ownership and domestic-only operating scope, with overlap in corporate and trade-finance services.
• Senagat Bank (Turkmenistan Industrial Bank): State-owned bank in Turkmenistan historically focused on industrial-sector lending and corporate banking. Comparable as a state-controlled universal bank serving both corporate and retail customers in the same national market.
• Türkmenbank (Turkmenistan State Commercial Bank): Another state-owned commercial bank of Turkmenistan operating a parallel retail and corporate banking franchise with national branch coverage. Directly comparable in mandate, product set (deposits, loans, cards, money transfers), and ownership structure.
• Halkbank Turkmenistan: State commercial bank in Turkmenistan serving the real economy and population with a full retail and corporate banking suite. Comparable in product breadth, state ownership, and nationwide distribution model.

Others

• PASHA Bank (Azerbaijan): Azerbaijani bank with corporate and treasury focus under state-linked ownership. Comparable in state-linked governance and post-Soviet regional context, though more focused on corporate/institutional banking than retail.

Regional players

• Halyk Bank (Kazakhstan): Largest state-influenced retail-commercial bank in Kazakhstan with a nationwide branch network, dominant deposit base, and broad product suite. Comparable in state-linked ownership, universal-bank model, and Central Asian retail franchise.
• National Bank of Uzbekistan (NBU): Largest state-controlled commercial bank in Uzbekistan offering retail and corporate banking with nationwide distribution. Comparable as a regional state-linked universal bank serving a similar post-Soviet, agriculture-influenced economy.
• Kapital Bank (Azerbaijan): Major state-influenced commercial bank in Azerbaijan providing retail, SME, and corporate banking with extensive branch network. Comparable in state-linked ownership and post-Soviet universal-bank business model.
• Ipoteka Bank (Uzbekistan): State-owned mortgage-focused bank in Uzbekistan with retail deposit and lending operations. Comparable as a regional state-owned bank with a specialized retail lending vertical (housing) and state-mandated mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about dayhanbank state commercial bank of turkmenistan