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 mission of the "Üçüncü Bahar" Public Union is to bring senior citizens together, facilitate the effective organization of their leisure time, and encourage their active participation in the country’s socio-economic, political, and cultural life. To this end, the “YAŞA” Centers implement a comprehensive series of educational and developmental programs designed to expand learning opportunities and promote social engagement among older adults. Participants are offered training in financial literacy, foreign languages, computer skills, handicrafts, painting, and stained glass art, alongside a broad spectrum of activities including sports programs, dance classes, creative workshops, hobby groups, and access to a dedicated library.
Within the framework of its Corporate Social Responsibility (CSR) program, TuranBank consistently prioritizes vulnerable population groups, implementing initiatives aimed at supporting the social protection of families of martyrs and war veterans, as well as environmental conservation. This partnership represents a continuation of the Bank’s mission to demonstrate care and responsibility toward all segments of society.
Established in 2017, the Public Union "Üçüncü Bahar" works to enhance the social welfare of the older generation, ensure the effective organization of their leisure time, and foster an environment of active aging by facilitating their integration into society. The organization’s key strategic priorities include education and awareness-raising, creativity, health promotion, and social entrepreneurship.
Over nine years of operation, the Union has engaged more than 45,000 beneficiaries through four centers located in various regions of the country. Currently, the “YAŞA” Centers in Baku serve an average of 350–400 participants per week, while regional centers provide services to approximately 70–80 individuals weekly. All services offered at the “YAŞA” Centers are provided to older adults on a free-of-charge basis.
Operating since 1992, TuranBank OJSC serves both retail and corporate clients through a network of 22 service points across the country. Detailed information about the Bank’s products and services may be obtained by contacting the Information Center at (012) 935, visiting the official website, or following TuranBank’s official pages on social media platforms.
Convenient, safe and fast banking
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 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...
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 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,...
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...
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...
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...