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MASTERCARD

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MasterCard : Turkmen joint-stock commercial bank working to connect to MasterCard

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03/15/2019 | 11:16pm EDT

Turkmen Joint-Stock Commercial Bank Rysgal is working to become a member of the international payment system MasterCard, Trend reports with reference to the Neutral Turkmenistan newspaper.

In addition, in the near future, the bank plans to launch a payment system for purchases using QR codes.

The bank's license was issued in 2011.

The introduction of such services as internet banking and mobile banking by commercial banks of Turkmenistan, along with significant increase in the number of plastic cards, ATMs and terminals, allows creating optimal conditions for further breakthrough in the digitalization process, the report said.

It is also reported that the Turkmen parliament is preparing laws on the payment system, contributions and mortgage.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials ($)
Sales 2019 16 773 M
EBIT 2019 9 649 M
Net income 2019 7 789 M
Finance 2019 2 126 M
Yield 2019 0,48%
P/E ratio 2019 33,04
P/E ratio 2020 28,09
EV / Sales 2019 15,0x
EV / Sales 2020 13,2x
Capitalization 254 B
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Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 276 $
Spread / Average Target 9,7%
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Managers
NameTitle
Ajaypal S. Banga President, Chief Executive & Operating Officer
Ari Sarker Co-President-Asia Pacific
Richard Neil Haythornthwaite Chairman
Edward McLaughlin President-Operations & Technology
Martina T. Hund-Mejean Chief Financial Officer
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