RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of January 31, 2000 No. 4549

About creation of Prezidentbank bank

For the purpose of people growth in prosperity in the 21st century - "gold" century of Turkmenistan, implementation of historical decisions of the IX joint meeting of the Council of Elders, Hulk of maslakhata and national movement Galkynysh and supports of producers of all types of products I decide:

1. Create Prezidentbank bank with the authorized capital of 60 million US dollars.

2. Exempt Prezidentbank bank from payment of all types of tax before bringing its authorized capital to the necessary sizes.

3. To Central Bank of Turkmenistan to register Prezidentbank bank and its charter according to the current legislation of Turkmenistan.

Charter of Commercial bank of Turkmenistan Prezidentbank

I. GENERAL PROVISIONS

1.1. The commercial bank of Turkmenistan Prezidentbank, the hereinafter referred to as Bank, is the credit institution created based on the resolution of the President of Turkmenistan Saparmurat of the Turkmenbashi No. 4549 of 31.01.2000 and according to the legislation of Turkmenistan.

1.2. The bank is urged to pursue policy of the state and the President of Turkmenistan Saparmurat Turkmenbasha in the field of crediting of the private producers who are engaged in export and import substitution and will organize the activities on commercial basis.

1.3. Complete official bank name:

In Turkmen of Turkmenistanyn Tajircilik Banky "Prezidentbank"

In Russian Commercial bank of Turkmenistan Prezidentbank

In English of Commercial Bank of Turkmenistan "Presidentbank"

Abbreviated name of bank:

In Turkmen of TTV "Prezidentbank"

In Russian of KBT "Prezidentbank"

In English of SVT "Presidentbank"

The bank has exclusive right to use of the trade name.

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