• AZ


• The Bank has completed a technical assistance project with the European Bank for Reconstruction and Development (EBRD
• The Bank has provided “online deposit”, “transfer to friend” , “Services section”, “PIN code recovery” service and the opportunity to use the mobile application without internet.
• The Bank has launched the” Instagram " chat bot.
• The Bank signed a loan agreement with ECO Trade and Development Bank in the amount of USD 2 million in the direction of trade financing
• Bank Deutsche Sparkassenstiftung fur internationale Kooperation e.An agreement was signed with the V fund to strengthen the active economic participation of MKS by improving the access and use of financial services in rural areas in Azerbaijan.
• The Bank and the Islamic Corporation for Private Sector Development (ICD) signed an agreement on financing for a period of 3 years in the amount of 10 million USD
• For the 30th anniversary, the Bank has implemented “spring campaign”, “autumn campaign”, “New Year campaign”on private deposits, digital payments, as well as consumer loans throughout the year
• The Bank transferred the Tovuz branch and Gazakh branch to the new address, and in accordance with the strategy of development of the service network, The New Absheron branch was put at the service of customers
• Starting partnership with SIMA, the Bank implemented the process of integration of a new generation digital signature into the mobilbank application.
• The Bank, which started its activity in 1992, celebrated its 30th anniversary.
• The bank and the EMF Microfinance Fund signed a loan agreement in the amount of US $ 4 million in order to expand the financing of Micro, Small and medium enterprises (MCC).
• The Bank and the Black Sea Trade and Development Bank (BSTDB) signed a new loan agreement in the amount of 5 million USD to expand the financing of international trade operations.
• The following measures were implemented within the framework of the Corporate Social Responsibility Policy:


1. Within the framework of the self-employment program, TuranBank continued its activities in the direction of providing gratuitous funds and equipment to unemployed persons with special needs for Social Protection, low-income families, internally displaced persons, veterans.
2. TuranBank joined tree planting campaign within” Green Marathon 2022"
3. TuranBank held another charity event on the occasion of June 1 - International Children's day within the framework of” ASAN letter " project
4. TuranBank held another charity event on the occasion of September 15 - knowledge day within the framework of” ASAN letter " project

The bank signed a loan agreement with ECO Trade and Development Bank in the amount of US $ 2 million to expand the financing of international trade operations.
The Bank was named the most active financial literacy supporter and socially responsible bank by the Association of banks of Azerbaijan (ABA)
The bank has conducted a special” Cashback “campaign to the International Women's day on March 8.
The bank has conducted a credit campaign “Profitable Moment of spring” for entrepreneurs.
The Bank has started cooperation with MIDA.
The possibility of downloading the bank's mobile application from AppGallery has been created.
Cashback up to 5% on purchases with TuranBank cards from”Trendyol"!"the campaign was held.
TuranBank attracted $ 5 million in loans from EMF Microfinance Fund.
The Bank conducted a private kashbekah campaign for cardholders on Ramadan holiday.
The Bank has conducted private credit campaigns for professions throughout the year.
TuranBank, which celebrates its 29th birthday, on this occasion “29% discount for new SMEs customers!“and " pay with TuranBank cards, get 29 AZN!"he has conducted his campaigns.
The Sumgayit branch of the bank was moved to a new address and The New Goychay branch was put at the service of customers
The bank's project within the framework of the Technical Cooperation Program with the European Bank for Reconstruction and Development (EBRD) has been successfully completed.
The Bank has implemented a grandiose kashbekah campaign during the” Black Friday " week.
The Bank has conducted a cash loan campaign” opportunity of the year".
The Bank has conducted a business loan campaign that makes the interest rate more profitable for small and medium-sized businesses.
The Bank has implemented the following measures within the framework of the Corporate Social Responsibility Policy:
1. TuranBank distributed Novruz gifts to our martyrs ' families and veterans
2. TuranBank provided support to the” Karabakh Revival Fund " in the amount of 100,000 (one hundred thousand) Manats.
3. TuranBank has signed another charity Action on the occasion of the International Children's Day on June 1.
4. TuranBank, together with” YASHAT “Foundation and” ASAN Volunteers " Organization, provided financial support to the summer camps for the children of martyrs.
5. TuranBank contributed to the restoration of the forest fund of the Republic of Turkey
6. TuranBank continued to support the self-employment program.
7. TuranBank signed another charity Action within the framework of the” ASAN letter " project and fulfilled the wishes of low-income families, including children of martyrs and veterans.

The bank has presented its new digital product-mobile application to customers

The bank has completely renewed internet banking system for customers

A new Khirdalan branch was launched in accordance with the strategy of development of the service network of the bank

The bank signed a loan agreement with the ECO Trade and Development Bank in the amount of USD 2 million in the direction of trade financing

The bank has expanded its network of correspondent contacts by opening a correspondent account in Alfabank

In the framework of the contract “Project Services Agreement”signed with the International Finance Corporation, the bank successfully completed the implementation of the” Clara " Project

The bank continued its activities with the European Bank for Reconstruction and development in the framework of the “Technical Cooperation Program to strengthen the capacity of financial intermediaries” in order to increase the financing capacity of MCC entities

The bank signed a new Technical Cooperation Agreement “on risk management and compliance” with the European Bank for Reconstruction and development

The following measures have been implemented within the framework of the Corporate Social Responsibility policy of the National Academy of Sciences:

Provision of food aid on the occasion of Novruz holiday, "June 1, International Children's day", as well as Ramadan and Eid al-Adha
Holding a drawing contest “let's protect the children " among the little residents of the children's House "place of Hope" on the occasion of the International Children's day
Support for self-employment program for persons with disabilities
Support for the fight against coronavirus, assistance to the Armed Forces, allocation of funds to the YASHAT and Karabakh revival funds
Organization of traditional blood donation campaign of Bank employees organized by Thalassemia Federation of Azerbaijan

  • The Bank launched a spectacular loan and savings campaign named "ÖZƏL" for its customers;
  • The Bank introduced a new card product, MasterCard Universal;
  • The Bank signed a loan agreement with the Black Sea Trade and Development Bank in the amount of 10 million manats to finance micro, small and medium businesses;
  • The Bank expanded its correspondent banking network by opening a correspondent account at Kuwait Turk Frankfurt Bank and signed a new banknote trading agreement with the bank;
  • The Bank successfully completed the "Financial Literacy" Project under a "Project Services Agreement" with the International Finance Corporation;
  • The Bank signed an agreement with the European Bank for Reconstruction and Development to increase the financing capacity of MSME entities under the “Financial Intermediaries Capacity Building Technical Cooperation Programme”;
  • The Bank was awarded a certificate of a leading organization in the promotion of gender equality by the Azerbaijan Micro-finance Association (AMFA);
  • The bank was the main sponsor of the concerts of "Bu şəhərdə" (“In this City”);
  • The Bank began to offer the World Black Edition premium card to its customers;
  • To stimulate digital and non-cash payments, Bank's customers participated in incentive lottery "Pay with card, earn with card" organized by the Central Bank;
  • The Bank conducted preferential loan campaigns in connection with various career holidays;
  • The Bank held a competition among social network users under the title “My teacher”;

The following events hosted within the framework of the Corporate Social Responsibility policy:

  • Organization of visits to the children’s home and theatrical performances for children, as well as the distribution of gifts to kids and food aid on the occasion of Novruz holiday, "June 1, International Children's Day," including Ramadan and Eid al-Adha (Gurban holiday);
    • Sponsorship of the open wrestling tournament among teenagers held in Gazakh on the occasion of the 96th Anniversary of National Leader Heydar Aliyev;
    • The Bank's team won various awards in the “Fibonacci” intellectual game;
    • The Bank's team won prizes in “What?Where?When?" intellectual competition;
    • The Bank's team took 3rd place in the interbank chess tournament dedicated to the 96th Anniversary of National Leader Heydar Aliyev at the initiative of the Azerbaijan Banks Association (ABA) and the Azerbaijan Chess Federation;
    • The Bank successfully continued a social project called “Youth Support” organized to train new employees;
    • Organization of a chess tournament among the Bank's employees;
    • Organization of traditional blood donation campaign of Bank employees by Azerbaijan Thalassemia Federation;

  • The Bank held the second largest "Gift season" saving campaign;
  • The State service for Agricultural Projects and Credit Management under the Ministry of Agriculture and Bank;
  • The  Bank expanded its corrospondent network by opening a correspondent account in "Bank of Georgia";
  • The Bank expended the range of its saving products and started to offer its clients a new "Chance" deposit product;
  • Implementation of the "Financial Literacy" project launched under the "Project Service Agreement" signed by the Bank and the IFC was successfully continued;
  • The Bank was awarded with the certificate for its transparent operations by AMFA;An agreement was signed with Baker & Tilly Azerbaijan for the preparation of an external audit report for the 2018 financial year;
  • The Bank started to introduce WhatsApp service to improve the quality of customer service;
  • The Bank implemented Saving campaign with gifts on Solidaroty Day of Azerbaijanis and for New Year celebrations;
  • The Bank made preferantial lendign campaigns for various occupational holidays;
  • The Bank's Central Branch started operationg 24 hours and 7 days a week;
  • The Bank held a competition under a name "Gift basket" among social network users;The Bank held competition under the name "Gift selfie" among social network users;
  • Under the Corporate Social Responsibility Policy, the following activities were implemented: 
  • Visit the children's home on the occasion of Novruz holidays, International Children's Day on June 1, Ramazan and Gurban holidays and organization of theater performances for children;
  • Sponsorship of the 13th exhibition entitled "Eye Light, Handicraft" by women's handicrafts;Sponsorship of the Junior Wrestling Tournament held in Kazakh on the occasion of the 95th Anniversary of National Leader Heydar Aliyev;
  • The Bank's Fobanacci team was winner of what, where, when intellactual competition;
  • Within the framework of partnership with the Bank a meeting was held between AmCham members and members of the Small and Medium Business Development Agency;
  • Chess tournament was organized among Bank's employees;

  • The Bank celebrates 25 years of its activity and held a savings campaign called “Anniversary Opportunity” devoted to this date.
  • Bank has expanded its correspondent network by opening a correspondent account in Transkapital Bank of Russia.
  • The Bank began cooperation with the “Sparkassenstiftung für Internationale  Kooperation” Foundation and held a seminar on risk management for the Bank`s management and specialists within the framework of the “Responsible lending project”.
  • The execution of the project titled “Financial Literacy” has been launched under   the “Project Services Agreement” signed between the Bank and the International Finance Corporation.
  • The Bank has been awarded with the “Association of Corporate Social Responsibility” and “The most Active Financial Literacy Supporter” awards by the Azerbaijan Banks Association.
  • An agreement has been signed with Baker Tilly Azerbaijan for the preparation of an external audit report for the 2017 Financial Year.
  • Bank sponsored concerts of the popular “Bu sheherde” theater.
  • Visit to a foster home on the occasion of Novruz holiday,June 1-International Children`s Day,as well as Ramazan and Gurban holidays,and organization of theater perfomances for children ,and,at the same time,gift distribution and food aid to children.
  • Participation in job fairs organized by Azerbaijan Diplomatic Academy and Azerbaijan State Economic University.
  • Holding a seminar for students stydying at BSU,ASEU,AUL,ATU within the framework of the Central Bnak`s “Financial Literacy:The Road to Professional Career” project.
  • Sponsorship of the Junior Wrestling Tournament held in Gazakh on the occasion of the 94th Anniversary of National Leader Heydar Aliyev and Goyazan Football Club and Goyazan Wrestling School,region`s sports centers.
  • Organization of chess tournament among the Bank`s employees.
  • Organizing the traditional blood donation campaign of the Bank`s employees under the auspices of the Azerbaijan Thalassemia Federation.

  • The Bank was selected by the Central Bank as a winner based on the results of the end of 2015 in the nomination "The leading bank in the field of electronic banking services"; 
  • A contest "TuranBank - 24 years" for Facebook users was carried out;
  • The Bank celebrated its 24th anniversary;
  • The Bank started to offer Tax Free service to its customers;
  • The Bank installed in its computers with “Windows 10" operating system and "Microsoft Office 2016";
  • The Bank received AMFA’s award “The member of the year 2016”;
  • The Bank completed the technical support works in the framework of the loan agreement with Global Climate Partnership Fund S.A., SICAV-SIF in the amount of $10 million with a tenor of 8 years to finance the Bank´s energy efficiency projects;
  • The Bank increased its charter capital up to 55 mln. AZN;
  • The Bank held a Social Audit with the participation of representatives of the Social Performance Fund (SPF) and AMFA to assess its social performance index (SPI4);
  • The Bank employees participated in the interbank intellectual contest “Brain Ring” organized by the Azerbaijanian Banks Association, took the 4th place among 16 banks;
  • An agreement was signed with KPMG to prepare an external auditor's report for the fiscal year 2016;
  • The Bank implemented the following events in the framework of its policy of corporate social responsibility:
  • Visit to an orphanage and organizing the theater performance for kids on the occasion of Novruz holiday;
  • Participation in Career Fair for graduates held by the Azerbaijan Diplomatic Academy;
  • Sponsorship to the regional sports centers – soccer club "Goyazan" and wrestling school "Goyazan" as well as a wrestling tournament among juniors held in Gazakh city, devoted to the 93rd anniversary of the national leader Heydar Aliyev;
  • Visit to an orphanage and organizing the theater performance for kids on the occasion of June 1 - International Children's Day;
  • Organization of food aid to an orphanage on the occasion of Ramadan and Eid holidays;
  • Organization of a blood donation campaign of the Bank's employees, dedicated to June 1 - International Children's Day;
 

  • A master loan agreement was signed with Commerzbank to finance international  trade operations;
  • A fund in the amount of $2 million was attracted from the ECO Trade and Development Bank for international trade operations financing;
  • A fund in the amount of $2 million was attracted from the responsAbility Investment AG to expand the Bank’s SME portfolio;
  • The reception of the second tranche in the amount of 3.5 million for the purpose of expanding its MSME financing, in the framework of the 5-year loan agreement signed with IFC, a member of the World Bank Group, on 22 December 2014, whose total amount equaled USD 7 million, has been completed;
  • A loan agreement with Global Climate Partnership Fund S.A., SICAV-SIF in the amount of $10 million with a tenor of 8 years was signed to finance the Bank’s energy efficiency and renewable   energy projects;
  • A fund in the amount of $2.2 million was attracted from GLS Alternative Investments Mikrofinanzfonds to expand the Bank’s microfinance portfolio;
  • The Bank increased its charter capital to AZN 50,002,466;
  • The Bank started offering its cardholders 3D Secure service for them to safely implement card operations on the Internet;
  • Conditions were created for citizens in the framework of collaboration with the operator of the “E-Government” portal, the Data Processing Centre of the Ministry of Communications and High Technologies, for them to have their loan applications officially registered without having to waste their time through the use of  “E-reference letter”;Within a joint project with Modenis LLC, the Bank clients were enabled to make repayment on loans or credit cards and deposit funds into their debit card accounts using eManat terminals;
  • Agjabadi branch of the Bank started operating;
  • Binagadi branch, meeting modern standards after being repaired, resumed its operation;
  • The Bank celebrated its 23rd anniversary;
  • A contest "TuranBank - 23 years" was carried out among Facebook users;
  • An agreement was signed with Deloitte & Touche for the development of an external auditor report of the Bank’s operation in 2015;
  • The Bank became the winner in the category of “The most innovative bank”, established by the prestigious British magazine "The Business Year";
  • The Bank became the winner in the nomination "The organization with the best practices in the development of agriculture and regions", established by the Azerbaijan Microfinance Association;
  • The Bank received an award in the contest of “AMCHAM CSR 2015 Excellence Award” for its operation within the field of corporate social responsibility;

 

√    The Bank implemented the following actions in the framework of its policy of corporate social responsibility:

  • Sponsorship and active participation in the "Financial Education" project conducted by the Center for Research and Development of the Central Bank of the Republic of Azerbaijan;
  • Visit to an orphanage and organizing for kids the show puppet theater on the occasion of Novruz holiday;
  • Organization of a blood donation campaign of the Bank's employees, dedicated to the International Day of Thalassemia - May 8;
  • Participation of the Bank's employees in a massive tree-planting campaign held in the Badamdar settlement of Baku;
  • Participation in a job fair for graduates held in Khazar University;
  • Participation in a job fair held in 28 Mall trade center;
  • Participation in a job fair "Graduates-2015", held in Azerbaijan State Economic University;
  • Sponsorship to the regional sports centers – soccer club "Goyazan" and wrestling school "Goyazan" as well as a wrestling tournament among juniors held in Gazakh city, devoted to the 92nd anniversary of the national leader Heydar Aliyev;
  • Visit to an orphanage and organizing for kids a trip to the Baku Zoo on the occasion of June 1 - International Children's Day;
  • Organization of food aid to an orphanage on the occasion of Ramadan and Eid holidays;
  • Sponsorship of the third International Art Festival of child and adolescent named "Pure colors";
  •  Conducting a creative contest called "My motherland - Azerbaijan" among children of the Bank's employees;
  • Organization of visit of the Bank's staff to the museum of State Flag on the occasion of National Flag Day.

  • The Bank attracted from ICD (Islamic Corporation for the Development of the Private Sector) a loan in the amount of $ 5 million, with a tenor of 5 years for SME financing;
  • The Bank attracted from the Bank im Bistum Essen eG a fund in the amount of $ 3.5 million to expand the Bank's microfinance portfolio;
  • The Bank attracted from the WBC/OPIC a fund in the amount of $ 7 million, with a tenor of 7 years for SME financing;
  • The Bank attracted from the BSTDB an additional fund in the amount of $ 10 million for trade financing;
  • The Bank celebrated its 22nd anniversary;
  • The Bank attracted from the Mikrofinanzfonds a fund in the amount of $ 5 million to expand its microfinance portfolio;
  • The Bank attracted $5 million from Microfinance Enhancement Facility (MEF) through its investment manager, Cyrano Management, to expand its microfinance portfolio;
  • The Bank's Jalilabad branch started operating;
  • The Bank adopted a loan application system through the website hesab.az;
  • The Bank employees became members of the Azerbaijan Trade Unions Confederation;
  • The Bank has offered to its customers a new campaign named "Travel to Baden-Baden" on the eve of Novruz holiday;
  • The Bank held a photography contest named "Novruz holiday traditions" among the fans of its page on the social network Facebook;
  • The Bank offered to customers a new campaign called “Gozunuz aydın” on consuming loans;
  • The Bank offered to customers new competitive microloans and group loans;
  • The Bank launched its new corporate website, desinged in a new manner;
  • Registration of labour contracts of the Bank employees on the "Electronic government" portal was ensured;
  • The Bank held a Selfie photography contest among users of Facebook;
  • The Bank has offered to customers a new deposit campaign called "Let your money work for you";
  • The Bank and IFC completed a TA project on Trade finance;
  • The Bank attracted from the ECO Trade and Development Bank a fund in the amount of $ 3 million for SME financing;
  • The Bank and IFC signed a five-year loan agreement for $7 million to expand the Bank's MSME financing;
  • The Bank and EBRD reached a preliminary agreement on attraction of the fund for energy efficiency, trade financing and lending to agricultural spheres and for receiving consulting services;
  • The Bank reached a preliminary agreement on attraction from EFSE foundation through the mediation of the Finance in Motion a fund in the amount of $ 3 million for MSME financing in agriculture as well as for receiving additional consulting services;
  • The Bank and Sus Bee Finance signed a loan agreement in the amount of $5 million to expand the Bank's microfinance portfolio;
  • The Bank and Commerzbank reached an agreement on the financing of international trade operations;
  • The Bank's total equity reached AZN 55.1 million, exceeding the requirement of the Central Bank;
  • The number of the Bank's employees exceeded 400;
  • The Bank signed an agreement with Deloitte & Touche to prepare an independent auditor's report for the fiscal year 2014;
  • The Bank implemented the following events in the framework of its policy of corporate social responsibility:
  • Sponsorship and active participation in the "Financial Education" project conducted by the Center for Research and Development of the Central Bank of the Republic of Azerbaijan;
  • Active participation in the project "Let's exchange every sheet of paper for a tree leaf" conducted by the IDEA (International Dialogue for Environmental Action), ASAN khidmet and Temiz Sheher OJSC;
  • Participation in a job fair called "ADA career week", held in Azerbaijan Diplomatic Academy;
  • Visit to an orphanage and organizing for kids the circus show on the occasion of Novruz holiday;
  • Participation of the Bank's employees in a tree-planting campaign;
  • Participation in a job fair for graduates held in the Khazar University;
  • Visit of the Bank's staff to the Heydar Aliyev Center on the occasion of the 91st anniversary of the national leader Heydar Aliyev;
  • Sponsorship to the event of photo-hiking to the "Heydar" peak on the occasion of the 91st anniversary of the national leader Heydar Aliyev;
  • Sponsorship to the regional sports centers – soccer club "Goyazan" and wrestling school "Goyazan" as well as a wrestling tournament among juniors held in Gazakh city, devoted to the 91st anniversary of the national leader Heydar Aliyev;
  • Participation in a job fair "Graduates-2014", held in Azerbaijan State Economic University;
  • Visit to an orphanage and organizing for kids the cartoon show on the occasion of June 1 - International Children's Day;
  • Holding a chess tournament among the employees of the Bank;
  • A meeting of the Bank's staff with Nariman Hassanzadeh, one of the brightest representatives of the modern poetry, people's poet, play writer, honored art worker of Azerbaijan;
  • Conducting a drawing competition called "TuranBank family" among children of the Bank's employees;
  • Organization of a seminar at the State Economic University on the theme "The role of banks in trade financing".

  • Bank updated its strategic plan for the period 2012-2015;
  • The Bank continued cooperation with IFC within the project "Banking for small and medium enterprises";
  • The Bank celebrated its 21th anniversary;
  • The Bank and the ICD (Islamic Corporation for the financing of the private sector) reached a preliminary agreement on a loan in the amount of $ 5 million and a term of 5 years for the financing of small and medium enterprises;
  • The Bank has signed an agreement with Societte-Generale Bank to allocate $ 1 million;
  • The Bank has signed a memorandum with the organization WBC / OPIK on a loan in the amount of $ 7 million and with a term of 7 years for the financing of small and medium enterprises;
  • The Bank and the ECO Trade and Development Bank reached a preliminary agreement on a loan in the amount of $ 3 million for the financing of small and medium enterprises;
  • The Bank has signed an agreement with the IFC for financing a trade within a joint project for technical support;
  • The Bank has increased its equity to 50.5 million AZN to fulfill the requirement of the Central Bank;
  • Managed from the United States States ShoreCap II Ltd. Fund became a new shareholder of the bank;
  • Gunter Ekkel was elected as an independent member of the Supervisory Board;
  • Bank offered its customers a new 9% discount on consumer loans within a campaign "Mushtulug";
  • The Bank has introduced a service of loan payment through web sites;
  • The Bank has offered new competitive microloans and group loans;
  • The Bank has offered to its customers a new deposit product "Chetir";
  • The Bank held a campaign in the social network facebook called "Invite a Friend";
  • The Bank has joined the money transfer system "Leader";
  • Branch "Sahil" moved to a new office;
  • The Bank has signed an agreement with KPMG to prepare an independent auditor's report for fiscal year 2013;
  • The Bank has implemented the following event in the framework of its policy of corporate social responsibility:

           o Sponsorship of the "student program" conducted by the Azerbaijan Association of Risk Professionals for the development and training of students;

           o Participation in a job fair for young people educated abroad;

           o Participation in a job fair "Graduates- 2012" held in Azerbaijan State Economic University;

           o Participation in a job fair organized by the Ministry of Social Protection and the Center for Career

             Planning of "Caucasus" University under the slogan "The first step in a career";

           o Sponsorship of regional sports centers - football club "Goyazan" and wrestling schools "Goyazan", as

             well as a wrestling tournament among juniors, devoted to the 90th anniversary of national leader Heydar Aliyev;

           o The Bank held a meeting and provided gifts to students who scored high marks in the entrance exams;

           o Meeting the Bank staff with the People's writer Chingiz Abdullayev;

           o Visit an orphanage and organizing for kids the show puppet theater on the occasion of June 1 - International Children's Day;

           o Participation in minifootball tournament between banking teams, organized by Baku Exchange in the period February-March;

           o Participation in the minifootball tournament devoted to December 31 - Day of Solidarity of Azerbaijanis of the world;

           o Organization in the State University of Economics a seminar on the theme "Banking risks and their management";

 

  • The Bank has begun to implement its Strategic Plan for 2012-2015;
  • The Bank continued cooperation with IFC within the project "Banking for small and medium enterprises";
  • The Bank celebrated its 20th anniversary and produced corporate video clip ;
  • The Bank within a joint project on the technical support with the American organization FSVC ( Volunteer Corps Financial Services ) sent four employees from middle management to training in three U.S. banks;
  • The number of the bank's employees reached 300;
  • The Bank signed a loan agreement with the ICD (Islamic Corporation for the financing of the private sector) in the amount of 3.5 million U.S. dollars for a period of 5 years for the financing of small and medium enterprises;
  • The Bank has signed an agreement with Societte-Generale Bank to allocate $ 1 million;
  • The Bank and IFC have reached a preliminary agreement on the allocation of resources for trade finance;
  • The Bank became a member of AMCHAM (American Chamber of Commerce in Azerbaijan);
  • The Bank has implemented the following event in the framework of its policy of corporate social responsibility :
  • Organization of activities to celebrate the holiday of Nowruz in a nursing home for older people;
  • Sponsorship of the "student program" conducted by the Azerbaijan Association of Risk Professionals for the development and training of students ;
  • Participation in a job fair for young people educated abroad;
  • Participation in a job fair "Graduates- 2012" held in Azerbaijan State Economic University;
  • Participation in a job fair organized by the Ministry of Social Protection and the Center for Career Planning of "Caucasus" University under the slogan "The first step in a career";
  • Sponsorship of regional sports centers - football club "Goyazan" and wrestling schools "Goyazan";
  • Conduct training on "Financial education and literacy" for students in the school # 13 located in Yasamal district within the project conducted by the Ministry of Education, Youth Organization Secure Future and children's social and financial education network "Platon".
  • The Bank offered customers new products - plastic cards "Gift" and a card with customers' own designs;
  • The Bank offered customers new products - loans Microcredit, Pensioner, Group and the Jubilee;
  • The Bank has introduced a service for payment of credits via Pay Point terminals;
  • "Call-Centre" of the bank started operating ;
  • The Bank has created its official page on the social network Facebook;
  • The Bank has introduced online consultation services through its corporate website and Skype call for costumers;
  • The Bank joined the money transfer system "Monex";
  • The Bank joined the money transfer system "IBA-Express";
  • Kazakh branch of the Bank started its operations;
  • The Bank signed an agreement with KPMG to audit the bank's 2012 financials.
 

  • Together with ABTC (Azerbaijan Bank Training Center) the Bank developed its new strategic plan for 2012-2015;
  • The Bank started project on "Risk Management" together with International Finance Corporation (IFC);
  • The Bank signed a TA agreement with IFC on "SME Banking";
  • The Bank successfully completed "Corporate Governance Project" with IFC;
  • The Bank signed a loan agreement with IFC in amount of $7 mln with tenor of 5 years to finance SME clients;
  • The Bank signed a new loan agreement with ICD (Islamic Corporation for the Development of Private Sector) in amount of $3 with tenor of 6 years in order to finance SMEs;
  • The Bank signed a trade financing agreement with Black Sea Trade and Development Bank in amount of $4 mln with tenor of 1 year;
  • The Bank signed funding agreement with US based MicroVest in amount of $2.45;
  • The Bank signed a loan agreement with a German Bank Bank im Bistum Essen in amount of $1.5 mln with tenor of 3 years for microfinancing;
  • The Bank came to initial agreement with German Development Bank (KfW) to attract funding in order to finance clients located in rural regions;
  • The Bank's paid in charter capital reached 22 mln AZN;
  • The Bank launched "Cash by Code" service;
  • The Bank launched "Mobile Banking" service for plastic cards  ;
  • The Bank joined APUS portal for public payments;
  • The Bank joined payment system for "Traffic Rule  Violation" fines;
  • The Bank expanded online payments on its corporate website;
  • The Bank joined "Blizko" express money transfer system ;
  • The Bank's new branch in Khachmas started its operations;
  • The Bank signed an agreement with KPMG to audit the bank's 2011 financials.
 

  • The Bank continued the "Institutional Development" project together with Azerbaijan Bank Training Center (ABTM); 
  • The Bank received first technical assistance on MIS,according to the five-year training and consulting agreement with US Financial Services Volunteer Corps (FSVC)within the"Technical Support" project;
  • The Bank chosen as an authorized bank for "Risk Management" project of the International Finance Corporation (IFC);
  • The Bank continued its activities under "Corporate Governance" Project of the IFC;
  • The Bank received a line of credit amounting to 1,3 million USD from the International Islamic Trade
    Finance Corporation (ITFC) for trade financing;
  • The Bank came to an agreement with the Islamic Corporation for the Development of the Private Sector
    (ICD) for obtaining of 3 million USD for a period of 6 years, aimed at financing Small and Medium
    Enterprises;
  • The Bank started discussion with IFC for obtaining USD 7 millionfor a period of 5 years, aimed at financing Small and Medium Enterprises;
  • The Bank came to an agreement with MicroVest, USA obtaining of USD 2,45 million;
  • The Bank came to an agreement with Bank im Bistum Finance Institution, Germany for obtaining of USD 1,5 million for a period of 3 years, aimed at development of microfinance sector;
  • The Bank's stock capital reached AZN 20million;
  • The Bank launched the "Teacher, Healthcare, Student credits and Consumer Credit Card" Campaign;
  • Newly designed corporate website was launched;
  • The Bank launched online payment system;
  • The Bank joined "Allure" and "Zolotaya Korona" express money transfer systems;
  • The Bank opened correspondent accounts with SAXO Bank, Denmark and Asya BankAsiya, Turkey;
  • "Baku" and "Nasimi" branches of the bank moved to new offices;
  • The Bank signed agreement with PriceWaterHouseCoopers (PWC) for preparing Independent Auditor's
    Report for the 2009 financial year.
 

  • TuranBank becomes a member of German Azerbaijan Business Association;
  • The Bank continues Institutional Development Project with ABTC;
  • New Credit Agreement with World Business Capital amounted $7.5 mln for SME financing with tenor of 10 years;
  • Technical Assistance project with US based Financial Services Volunteer Corps (FSVC);
  • TuranBank joins 2nd Azerbaijan Corporate Governance Project of IFC;
  • The Bank obtained membership to Eurasian Agricultural Credit Association (EURACA);
  • TuranBank launches new deposit campaign "Sirlər Xəzinəsi" ("Treasure of Secrets");
  • The Bank joins express money transfer system "Allure" - its 7th express money transfer system;
  • The Bank joins express money transfer system "Zolotoya Korona" - its 7th express money transfer system;
  • New correspondent relations with Sheker Bank, Ish Bankasi Turkey and Commerzbank AG;
  • TuranBank signs an agreement with (PWC) PriceWaterHouseCoopers to audit the bank's operations as an external independent auditor;
  • Charter capital of the Bank reaches 18.5 mln AZN.

  • The Bank was accepted to the "SME financing" project which was approved between Islamic Corporation for the Development of the Private Sector (Islamic Development Bank affiliate) and Azerbaijani Government;
  • The Bank's headquarter moved to a new office located at 85 Ismayil bay Gutgashinly street;
  • The Bank added PrivatBank Ukraine to the list of corresponding banks;
  • The Bank finalized joining express money transfer system of "Privat Money", the 6th system for money transferring in the Bank;
  • The Bank opened a correspondent account at Deutsche Bank New York and Deutsche Bank Franfurt;
  • The Bank's financials were audited by with Deloitte & Touche;
  • The Bank has been chosen for "Program for the Development of North-East Regions" project, which was signed between International Fund on Agricultural Development (IFAD and World Bank) and Azerbaijani Government;
  • The Bank has been mandated for "Development and Lending to Agriculture sphere" project, which was signed between International Development Association (World Bank affiliate) and Azerbaijan Government;
  • The Bank increased its charter to 16 mln AZN.
 

    • The Bank attracted additional recourses by IFAD (North-East project), IDA (World Bank affiliate) and ICD (Islamic Development Bank affiliate);
    • Zagatala branch was launched;
    • The Bank joint express money transfer systems - Migom and Express Money;
    • The Bank's financials were audited by Deloitte & Touche;
    • The Bank was chosen as an agent bank on the second project of "Development and Lending to Agriculture sphere", which was signed between International Development Association and Azerbaijan Government;
    • The Bank came to an agreement with Islamic Corporation for the Development of the Private Sector to finance small and medium-sized entrepreneurship.
 

  • The bank's "Binagadi" and "Tovuz" branches have started operating.
  • The Bank and the International Finance Corporation signed a memorandum on the Leasing Services and Corporate Governance Improvement Project;
  • “TuranLizinq” LLC was established with 100% investment participation of Turan Bank;
  • The Bank was chosen a member as an agent bank to the State Mortgage Fund;
  • The Bank was chosen a member to the Azerbaijan Micro-Finance Association (AMFA);
  • The Bank became as an associated member of MasterCard International payment system;
  • The Bank was chosen the member to the Caspian Integration Business Club (CIBC);
  • The Bank became a member of MasterCard international payment system;
  • The Bank joint Bistraya pochta, Kontakt international express money transfer systems;
  • Memorandum of Understanding was signed between “TuranBank” and IFC on technical assistance;
  • Financials of the bank were audited by the international audit company “Deloitte & Touche”.

  • TuranBank changed its legal form to Open Joint Stock Company;
  • Charter was increased by 5 mln AZN;
  • Baku branch was launched;
  • New fiber optic network established between the head office and branches;
  • Financials of the Bank were audited by “PriceWaterHouseCoopers”.

  • The Bank was accepted as the first and the only bank of the tender on “Program for the Development of Mountain and High Upland Territories” which was signed between International Fund on Agricultural Development (IFAD and the World Bank) and Azerbaijan Government;
  • The Bank's financial condition was audited by the international audit company Deloitte & Touche.

  • The Bank began emission of plastic cards;
  • Aghstafa and Nur branches have been launched;
  • Financials of the Bank were audited by international audit company “PriceWaterHouseCoopers".

  • The Bank was chosen as an agent bank by the “National fund for Assistance to Entrepreneurship” under the Ministry of Economic Development in SMEs;
  • Nesimi branch was launched;
  • The Bank joined Western Union;
  • The Bank joined XÖHKS payment system;
  • The Financials were audited by PriceWaterHouseCoopers.

  • The Bank became a full member of S.W.I.F.T. international payment system;
  • The Bank became a member of AZIPS.

Gandja branch was launched.

  • The Bank became a shareholder of “Bashak-Inam” Insurance and Reinsurance Company;
  • Sumgayit branch was opened.

  • The Bank changed its legal address to 53 Nizami street;
  • The Bank was chosen as an intermediary Bank in granting long-term and low percent credits given by TACIS;
  • The Bank became a shareholder of “Azer-Turk Bank” Joint-Stock Commercial Bank and Azimpex International - Germany, Slovakia and Azerbaijan Joint Enterprise;

  • Sahil branch was opened.

  • The Bank became a member of Baku Interbank Currency Exchange.

  • Yasamal branch was opened.

  • “Turan” Commercial Bank was founded according to the license of National Bank (# 60 ), dated to 12.06.1992 and license of Central Bank ( # 115) dated to 30.12.1992 passed re-registration and was permitted to carry out all kind of bank operations in national and foreign currencies.

Convenient, safe and fast banking

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...

A trade financing agreement was concluded between TuranBank and Asian Development Bank

Marking a significant milestone, TuranBank OJSC, a prominent player in the country's banking sector, has entered into a pivotal agreement with the Asian Development Bank (ADB) to finance international trade operations. Within the framework of the new agreement, ADB approved the trade financing guarantee limit by including TuranBank OJSC in the "Trade and Supply Chain Financing Program" (TSCFP). This agreement will allow the country to expand import-export operations and support customers' trade operations. "We are happy to see that...

TuranBank has become the bank that contributes the most to the increase in competitiveness within the microlending.

TuranBank was awarded at the III Agribusiness Development Forum, held jointly with the Agricultural Credit and Development Agency under the Ministry of Agriculture of Azerbaijan and the Food and Agriculture Organization (FAO) of the United Nations on March 29th.   Specifically, TuranBank, which has always supported the development and financing of entrepreneurship, especially in rural areas, and contributed to the development of the private sector in Azerbaijan, was awarded in the category of "the bank that contributed the most to the...