Bank news

EXPERIENCE OVER 30+ YEARS

TuranBank celebrates its 32nd anniversary

12.06.2024

As TuranBank celebrates its 32nd anniversary, it reflects on a successful history marked by its contributions to the growth of Azerbaijan's private sector, particularly through support for small and medium-sized enterprises (SMEs). By leveraging digital banking, TuranBank has provided customers with more convenient, efficient, and secure banking services, staying ahead of the curve in the ever-evolving financial landscape. Guided by professionalism, reliability, and a high corporate culture, the Bank has maintained financial stability and further solidified its position in business financing.

Today, TuranBank serves over 150,000 individual and corporate customers across 22 points of sale, employing nearly 800 staff members. The Bank is committed to continuing its success by building on its achievements.

In its 32 years, TuranBank has made significant strides in digitalization, enhancing its customer service. The Bank is now known as an innovative institution that offers a range of digital products to meet the needs of the modern banking world. Its updated Internet banking system and mobile application provide customers with convenient and remote banking services, keeping pace with the demands of the times.

TuranBank has always supported Azerbaijan's real sector, contributing to the national economy by improving access to financial resources for entrepreneurs. The Bank has also played a key role in the development of the country's non-oil sector, collaborating with both local institutions such as the Entrepreneurship Development Fund (SİF) and international financial bodies like the International Finance Corporation (IFC), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), and many others. These partnerships have been crucial in financing small and medium-sized enterprises.

TuranBank has remained deeply committed to social responsibility throughout its history. It has supported low-income families, unemployed individuals, and the families of veterans and martyrs who defended Azerbaijan's territorial integrity. The Bank has also worked closely with the "YAŞAT" Foundation, the Assistance Fund of the Armed Forces, and the Karabakh Revival Fund. For four consecutive years, TuranBank has been recognized with the Corporate Social Responsibility Project Award by the Azerbaijan Banks Association. The Bank continues to support the social security of veterans and the families of martyrs, recognizing their sacrifices for the country.

TuranBank extends its gratitude to all those who have contributed to its success over the past 32 years. With a strong commitment to exceeding customer expectations, TuranBank remains dedicated to its mission of being a trustworthy and credible partner in every project it undertakes.

Because a name creates trust, and a signature creates credibility!

We are proud to be your reliable partner for 32 years!

Convenient, safe and fast banking

TuranBank has secured a credit line from a reputable international financial institution

TuranBank has signed a credit agreement with the ECO Trade and Development Bank to expand the financing of international trade transactions. This strategic initiative aims to support international trade and broaden the financial opportunities for entrepreneurs across all regions of Azerbaijan. The funds raised will enable TuranBank to enhance import-export operations primarily between ETDB member countries and others, and provide support for its clients' trade transactions. “The bank is confident that this agreement will further...

TuranBank Organizes Tree Planting Initiative

Guided by the principles of Environmental, Social, and Governance (ESG), TuranBank has organized a tree planting initiative as part of the “Year of Solidarity for a Green World,” reaffirming its commitment to environmental protection. In alignment with its social responsibility and ecological sustainability goals, TuranBank, with support from the Ministry of Ecology and Natural Resources, facilitated the planting of 200 Eldar pine and olive saplings in the Mushfigabad settlement of Baku. The primary objective of this initiative...

TuranBank Secures Loan in Local Currency from International Financial Institution

TuranBank, a leading bank in Azerbaijan specializing in financing small and medium-sized businesses, has signed a new loan agreement in local currency with the EMF Microfinance Fund, facilitated by the reputable Enabling Qapital management fund. Under the terms of the agreement, the international financial institution has provided TuranBank with a synthetic loan of 5 million US dollars, which will be disbursed in Azerbaijani manat, for a period of 3 years. The funds will be directed toward financing small and medium-sized businesses, aligning...

TuranBank, in collaboration with the DOST Agency, organized a special camp for lonely elderly people

Adhering to the principles of socially responsible banking, TuranBank has launched another charity initiative by organizing a camp for lonely elderly people as part of the "Corporate DOST" subprogram of the DOST Agency. In collaboration with the "Könüllü DOST" program of the DOST Agency, the Bank hosted the training and creative camp at the Zira Ecopark. The camp was designed to provide effective leisure activities and foster a sense of community for elderly individuals over the age of 65. Activities included a yoga master...

TuranBank has announced its financial results for the first half of 2024

TuranBank OJSC, one of Azerbaijan's leading financial institutions, has maintained its strong market position based on key financial indicators for the first half of 2024. As of the second quarter of 2024, TuranBank’s total assets reached 872 million manat. The bank's loan portfolio grew by 12.1%, or 69.4 million manat, compared to the same period last year, amounting to 645 million manat. Specifically, loans to business clients increased by 13.4%, or 44.5 million manat, reaching 375.4 million manat. The deposit portfolio stood...

TuranBank celebrates its 32nd anniversary

TuranBank, which began its operations in 1992, has distinguished itself in the Azerbaijani banking sector through its stability, earning the trust and loyalty of customers. Over the years, the Bank has developed into one of the country's largest financial institutions and maintained its reputation as a reliable business partner. As TuranBank celebrates its 32nd anniversary, it reflects on a successful history marked by its contributions to the growth of Azerbaijan's private sector, particularly through support for small and...

...

TuranBank has opened a correspondent account in US dollars with Habib American Bank.

Having successfully developed relations with foreign financial institutions, TuranBank OJSC has started strategic cooperation with Habib American Bank (HAB) to expand the network of international correspondent relations. As part of our collaboration, TuranBank will establish a correspondent account in US dollars at Habib American Bank, a renowned institution known for its excellence in international payments and settlements in the United States of America (USA). This strategic move will streamline foreign currency transactions for our valued...