TuranBank, one of the country’s leading banks, has successfully concluded a strategic project aimed at promoting gender equality in the financial sector. Implemented within the framework of a long-term collaboration between Enabling Qapital, a leading Swiss fund regulated by FINMA, and the School of International and Public Affairs at Columbia University, USA, the project combined research and practical methodologies to support more inclusive practices in the financial sector. As part of the project, six graduate students from Columbia...

TuranBank, one of Azerbaijan's leading financial institutions, has introduced a new financing solution as part of its commitment to sustainable development and the green economy. Under the strategic cooperation agreement signed with the Energy Regulatory Agency (EMTA) in April this year, the Bank has commenced the issuance of preferential loans financed by the Energy Efficiency Fund. Following the successful completion of the legal and institutional preparations in April, the financing mechanism is now fully operational and available to...

TuranBank OJSC, one of the leading financial institutions in Azerbaijan, continues its successful partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group. Under the USD 10 million financing agreement signed between the parties to expand the financing of international trade operations, TuranBank has successfully completed the attraction of USD 2 million for the next stage. As a result, the total volume of funds drawn down under the aforementioned agreement to date has...

TuranBank, a financial institution recognized for its sustainable growth in the banking sector, strong customer trust, and reputation as a reliable business partner, continues to expand and improve its service network in line with its strategic development objectives. As part of this strategy, TuranBank’s Ganja Branch has been relocated to a new address and officially opened for customer service. The opening ceremony was attended by the Bank’s senior management and representatives. Going forward, the Ganja Branch will operate from...

Business Baku, Azerbaijan – TuranBank OJSC, one of the leading banks in Azerbaijan in the field of small and medium business financing, has signed new loan agreements with funds managed by the reputable Incofin Investment Management of Belgium. According to the agreements, the Bank has attracted financial resources in local currency equivalent to USD 1.25 million from the "Incofin Climate-Smart Microfinance Fund" (CSMF) and EUR 2 million from the "Incofin Microfinance Fund" (IMFI) for a period of 3 years. These funds will be directed...

With the aim of protecting the environment and raising ecological awareness, TuranBank OJSC has implemented its next environmental campaign with the support of the Ministry of Ecology and Natural Resources (MENR). Within the framework of the project titled "Clean Coasts with TuranBank", bank employees and eco-volunteers carried out extensive cleanup work along the coastline of Bilgah settlement. By participating in the collection of various types of waste, they contributed to making the area cleaner and more suitable for recreation. It should...

Mr. Orkhan Garayev, Chairman of the Management Board of TuranBank ASC, participated as a speaker in a key panel discussion held within the framework of the 51st Annual Meetings of the Islamic Development Bank Group. The Chairman spoke at the panel entitled “Integrating SMEs into Regional Value and Supply Chains: Reducing Trade Barriers, Ensuring Order Fulfillment, and Strengthening Linkages Among Market Participants”, where he shared strategic insights on the role of the banking sector and regional financial instruments in...

TuranBank OJSC, one of the leading financial institutions in Azerbaijan, and the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, have signed an intent declaration to attract USD 15 million in funding to support private sector projects in Azerbaijan. The signing ceremony took place at the opening event of the Private Sector Forum, held as part of the Islamic Development Bank Group Annual Meetings. The Memorandum of Understanding was signed by Dr. Khalid...

TuranBank OJSC, which places a strong emphasis on gender equality and expanding women's access to financial opportunities, has successfully concluded another important international cooperation agreement. Within the framework of its partnership with Belgium-based Incofin Investment Management, the Bank has secured funding from the Global Gender-Smart Fund S.A., SICAV (GGSF) in the amount of the local currency equivalent of USD 5 million for a period of three years. The attracted funds will be directed towards financing micro, small, and...