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.

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Towards a Green Future: TuranBank Takes Another Step Toward the 1 Million Trees Goal

TuranBank, which prioritizes environmental protection and ecological well-being as a key pillar of its corporate social responsibility strategy, has joined another large-scale tree-planting initiative held in the Müşfiqabad settlement. Within the framework of the campaign, participants planted 625 Eldar pine and olive trees across a 1-hectare area. In total, the project envisions the planting of 37,500 trees of various species across a 60-hectare area in Muşfiqabad, Absheron district, along with the development of a modern irrigation...

Azerbaijan Energy Regulatory Agency and TuranBank Sign Cooperation Agreement

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 Partners with Switzerland’s responsAbility Investments AG

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...

TuranBank and ITFC Sign Line of Trade Financing Agreement to Support the Private Sector and SMEs in Azerbaijan

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 Secures Local Currency Financing from a Reputable International Financial Institution

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,...

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TuranBank OJSC has started cooperation with the “Üçüncü Bahar” Public Union.

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...

TuranBank Secures Revolving Credit Line of up to USD 8 Million from the Asian Development Bank

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...

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