Bank news

EXPERIENCE OVER 30+ YEARS

TuranBank Introduces “Open Banking” Functionality for its Customers

10.10.2025

Continuing its efforts to expand digital banking services and enhance customer satisfaction, TuranBank OJSC has introduced the “Open Banking” functionality through its mobile application.

This new feature enables customers, with their consent, to centrally view information about their accounts and payment transactions held with other banks directly via the TuranBank Mobile App and Internet Banking platforms. Users can easily monitor their balances, transaction histories, and overall financial status, as well as set the data-sharing period themselves — from 30 up to 90 days. The Open Banking concept significantly simplifies access to financial services, ensures secure data exchange between banks and fintech companies, and drives the development of innovative financial solutions within the digital finance ecosystem.

TuranBank OJSC will continue to provide its customers with reliable, flexible, and modern banking services, supported by cutting-edge technologies and innovative approaches.

Established in 1992, TuranBank serves individual and corporate clients through 22 service points across the country. More information about the Bank’s products and services is available on its official website and social media pages (Facebook, Instagram, etc.).

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Azerbaijan Energy Regulatory Agency and TuranBank Sign Cooperation Agreement

A cooperation agreement has been signed between the Azerbaijan Energy Regulatory Agency (AERA) and TuranBank OJSC on the provision of preferential loans through an authorized credit institution using the resources of the Energy Efficiency Fund. The agreement was signed by Chairman of the Management Board of TuranBank OJSC, Orkhan Garayev, and Deputy Chairman of the Management Board of AERA, Rovshan Ismayilov. The primary objective of the agreement is to promote the implementation of energy efficiency measures through cooperation with the...

TuranBank Partners with Switzerland’s responsAbility Investments AG

TuranBank OJSC, one of the leading financial institutions supporting the development of the real sector in Azerbaijan, has signed a new cooperation agreement with Swiss impact asset manager responsAbility Investments AG as part of its strategy to strengthen its position in international financial markets and expand financing of the local economy. Under the agreement, responsAbility Investments AG has provided TuranBank with funding equivalent to USD 10 million in local currency for a period of three years. The funds...

TuranBank and ITFC Sign Line of Trade Financing Agreement to Support the Private Sector and SMEs in Azerbaijan

Baku, Azerbaijan - TuranBank ASC, one of Azerbaijan’s leading banks, has signed a US$10 million line of trade financing agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group. The agreement aims to expand financing solutions for international trade activities, enhance SMEs’ access to finance and promote the use of Islamic trade finance instruments. The strategic partnership is designed to strengthen import-export activities of Turanbank’s clients,...

TuranBank Secures Local Currency Financing from a Reputable International Financial Institution

TuranBank OJSC, one of the leading banks in Azerbaijan supporting the real sector, has achieved another strategic milestone in advancing the development of Micro, Small and Medium-sized Enterprises (MSMEs) and enhancing access to finance. In this regard, the Bank has entered into a loan agreement with the EMF Microfinance Fund, managed by Enabling Qapital, a leading Swiss Impact Asset Manager regulated by FINMA. Pursuant to the agreement, the Fund has extended financing to TuranBank in local currency equivalent to USD 5 million. The funds,...

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TuranBank OJSC has started cooperation with the “Üçüncü Bahar” Public Union.

TuranBank OJSC, adhering to the principles of socially responsible banking, has commenced cooperation with the Public Union "Üçüncü Bahar"with the aim of promoting the meaningful use of leisure time among older adults, enhancing their quality of life, and strengthening their social well-being. Within the framework of this partnership, the Bank will provide support for the activities and infrastructure development of the İçərişəhər “YAŞA” Center operating under the Union. The principal...

TuranBank Secures Revolving Credit Line of up to USD 8 Million from the Asian Development Bank

The Asian Development Bank’s Trade & Supply Chain Finance Program (ADB TSCFP) has confirmed an increase in TuranBank’s overall limit under the Credit Guarantee Product to USD 8 million. This expansion marks another significant milestone in the long-standing cooperation between TuranBank and ADB TSCFP, underscoring the growing confidence of international financial institutions in TuranBank’s strategic development, risk management practices, and operational capabilities. ADB TSCFP has also assigned a new revolving credit...

TuranBank attracts local-currency financing from an International Financial Institution

Invest in Visions (IIV), through the IIV Mikrofinanzfonds and the IIV FINANCIAL INFRASTRUCTURE FUNDS, FCP RAIF – DKM MIKROFINANZFONDS A, has successfully invested in TuranBank, one of Azerbaijan’s leading banks in financing small and medium-sized enterprises (SMEs). The transaction was structured in cooperation with the reputable Incofin Investment Fund. Under the agreement, the international investors are providing TuranBank with a synthetic loan in Azerbaijani manats (AZN), equivalent to USD 15 million, with a maturity of three...

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