RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of October 15, 2001 No. 5402

About approval of the Charter of the National commercial bank of Turkmenistan Halk Bank

Due to the renaming of Savings bank of Turkmenistan into the National commercial bank of Turkmenistan I decide Halk Bank:

1. Approve the Charter of the National commercial bank of Turkmenistan Halk Bank (is applied).

2. To Central Bank of Turkmenistan in accordance with the established procedure to register the Charter of the National commercial bank of Turkmenistan Halk Bank.

3. To impose control over the implementation of this resolution on the Vice-chairman of the Cabinet of Ministers of Turkmenistan Kandymov S.

Approved by the resolution of the President of Turkmenistan of October 15, 2001, No. 5402

Charter of the National commercial bank of Turkmenistan Halk Bank

I. General provisions

1. The national commercial bank of Turkmenistan Halk Bank created on the basis of state-owned property and performing the activities on commercial basis (the Bank is referred to as), is included into single bank system of Turkmenistan and is legal successor of all rights, obligations and obligations of Savings bank of Turkmenistan. The bank is credit institute.

2. The bank is urged to pursue policy of the state in the field of savings case, to create conditions for servicing of the population, to protect interests of the investors and clients, to promote economic and social development of Turkmenistan.

3. The bank in the activities is guided by the Constitution of Turkmenistan, the laws of Turkmenistan, acts of the President of Turkmenistan, decisions of the Cabinet of Ministers of Turkmenistan, regulatory legal acts of the Central bank of Turkmenistan and this Charter.

4. Full name of Bank:

in Turkmen - "Turkmenistanyn "Halkbank" dowlet tajirgilik banky;

in Russian - the National commercial bank of Turkmenistan Halk Bank;

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