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TuranBank Announces Financial Results for Q3 2025

15.10.2025

One of Azerbaijan’s leading financial institutions, TuranBank OJSC, has announced its financial results for the third quarter of 2025. According to the report, the Bank has maintained its strong market position and continued its steady growth trajectory.

As of the end of Q3 2025, TuranBank’s total assets increased by 5%, reaching AZN 893 million. In line with its strategic goals, the Bank continued to expand financing for micro, small, and medium enterprises (MSMEs). The loan portfolio grew by 9.1% (AZN 59 million) compared to the end of last year, reaching AZN 711 million, of which AZN 368 million was allocated to business clients.

Customer deposits from individuals increased by AZN 20 million, totaling AZN 386 million, reflecting clients’ continued trust and confidence in the Bank.

Strong performance was also recorded in the Bank’s profitability indicators. Compared to the same period of the previous year, TuranBank’s operating profit increased by 25% (AZN 4 million), reaching AZN 21.3 million. Interest income rose by 12.7% (AZN 9 million) to AZN 75 million, while non-interest income grew by 16.8% (AZN 3 million) to AZN 17 million. It should be noted that the Bank completed the third quarter of 2025 with a net profit of AZN 1.6 million.

During the third quarter of 2025, TuranBank successfully expanded its cooperation with international financial institutions in attracting new credit lines aimed at institutional development and financing business entities. The Bank has started benefiting from the Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP), further strengthening its trade finance capabilities. In addition, with the aim of further expanding access to local currency financial resources for small and medium-sized enterprises (SMEs) and entrepreneurial entities across the country—particularly in the regions—TuranBank has signed several important financing agreements with reputable international partners. These include a three-year local currency facility equivalent to USD 15 million with the BlueOrchard International Microfinance Fund, a five-year EUR 5 million financing agreement with the ECO Trade and Development Bank, and a five-year USD 15 million facility with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group.

As a result of TuranBank’s effective and consistent efforts to support the development of the SME sector, as well as its successful strategic partnerships with international financial institutions, the Bank has been recognized by the Asian Development Bank (ADB). Within the framework of the highly prestigious “11th Trade and Supply Chain Finance Program Awards 2025”, TuranBank was named the winner in the “Best SME Deal of the Year” category — a testament to the Bank’s strong performance and growing reputation in the international financial community.

Operating since 1992, TuranBank serves both individual and corporate clients through 22 service points across the country. For detailed information about TuranBank’s nationwide branch network, please visit the link provided. To learn more about the Bank’s products and services, you can contact the Information Center at (012) 935, visit TuranBank’s official website, or follow the Bank’s pages on social media platforms (Facebook, Instagram, etc.).

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