• AZ


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 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...