Mission and Strategy

EXPERIENCE OVER 30+ YEARS

Date of update: 15.01.2024

To make TuranBank a retail-oriented universal bank with foreign investment, serving individuals, micro, small and medium-sized enterprises throughout the country by the means of sales network established in all the regional centres of the Republic.

The Bank refers to the following values in its business philosophy:

Reliability
Transparency
Customer to be approached as a partner
Employee as a most valuable asset
Corporate social responsibility
Serving Azerbaijan economy
Compliance with and respect for the laws

The Bank is guided by these values in both business and institutional strategy, as well as in its daily operations.

The Bank aims to develop lasting cooperation with its team members and business partners, and show them due respect.

TuranBank is a reliable and transparent bank, providing its customers with high-quality services in line with international standards by its developing professional team, takes an active part in the development of the society and grows dynamically while raising the value of its shareholders' investments.

1. With respect to investors

The Bank plans to reinvest part of the profit it will make during the next strategic period. Furthermore, the Bank will attain sustained growth of the value of its shares through increased market share, improved asset quality and enhanced image as a result of carefully implemented business philosophy. This will not only encourage current investors to invest more in the Bank, but it will also make the Bank more attractive for other investors.

2. With respect to employees

The Bank will keep its constant awareness on its personnel during the next strategic period, make continuous and purposeful investments in its human resources, improve top-down division and delegation of responsibilities in order for them to accomplish their potential and continue applying results-based motivation systems.

3. With respect to customers

As a result of investments in IT infrastructure during the next strategic period, the Bank will serve its customers more swiftly, while providing them with a variety of products and services on more favourable terms than those of competitors, in some cases without customers having to visit the Bank.

Convenient, safe and fast banking

TuranBank has secured a credit line from a reputable international financial institution

TuranBank has signed a credit agreement with the ECO Trade and Development Bank to expand the financing of international trade transactions. This strategic initiative aims to support international trade and broaden the financial opportunities for entrepreneurs across all regions of Azerbaijan. The funds raised will enable TuranBank to enhance import-export operations primarily between ETDB member countries and others, and provide support for its clients' trade transactions. “The bank is confident that this agreement will further...

TuranBank Organizes Tree Planting Initiative

Guided by the principles of Environmental, Social, and Governance (ESG), TuranBank has organized a tree planting initiative as part of the “Year of Solidarity for a Green World,” reaffirming its commitment to environmental protection. In alignment with its social responsibility and ecological sustainability goals, TuranBank, with support from the Ministry of Ecology and Natural Resources, facilitated the planting of 200 Eldar pine and olive saplings in the Mushfigabad settlement of Baku. The primary objective of this initiative...

TuranBank Secures Loan in Local Currency from International Financial Institution

TuranBank, a leading bank in Azerbaijan specializing in financing small and medium-sized businesses, has signed a new loan agreement in local currency with the EMF Microfinance Fund, facilitated by the reputable Enabling Qapital management fund. Under the terms of the agreement, the international financial institution has provided TuranBank with a synthetic loan of 5 million US dollars, which will be disbursed in Azerbaijani manat, for a period of 3 years. The funds will be directed toward financing small and medium-sized businesses, aligning...

TuranBank, in collaboration with the DOST Agency, organized a special camp for lonely elderly people

Adhering to the principles of socially responsible banking, TuranBank has launched another charity initiative by organizing a camp for lonely elderly people as part of the "Corporate DOST" subprogram of the DOST Agency. In collaboration with the "Könüllü DOST" program of the DOST Agency, the Bank hosted the training and creative camp at the Zira Ecopark. The camp was designed to provide effective leisure activities and foster a sense of community for elderly individuals over the age of 65. Activities included a yoga master...

TuranBank has announced its financial results for the first half of 2024

TuranBank OJSC, one of Azerbaijan's leading financial institutions, has maintained its strong market position based on key financial indicators for the first half of 2024. As of the second quarter of 2024, TuranBank’s total assets reached 872 million manat. The bank's loan portfolio grew by 12.1%, or 69.4 million manat, compared to the same period last year, amounting to 645 million manat. Specifically, loans to business clients increased by 13.4%, or 44.5 million manat, reaching 375.4 million manat. The deposit portfolio stood...

TuranBank celebrates its 32nd anniversary

TuranBank, which began its operations in 1992, has distinguished itself in the Azerbaijani banking sector through its stability, earning the trust and loyalty of customers. Over the years, the Bank has developed into one of the country's largest financial institutions and maintained its reputation as a reliable business partner. As TuranBank celebrates its 32nd anniversary, it reflects on a successful history marked by its contributions to the growth of Azerbaijan's private sector, particularly through support for small and...

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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...