Management

EXPERIENCE OVER 30+ YEARS

Supervisory Board

Chairman of Supervisory Board

Rauf Kazımov

Email: Office@turanbank.az

Phone: +994125107822

Member of the Supervisory Board Nazim Sadıgov Email: Office@turanbank.az Phone: +994125107822	Member of the Supervisory Board Mahammad Kalashov Email: Office@turanbank.az Phone: +994125107822
Independent member of the Supervisory Board Ramin Bayramov Email: Office@turanbank.az Phone: +994125107822	Independent member of the Supervisory Board Sadraddin Javadzade Email: Office@turanbank.az Phone: +994125107822

Audit Committee

Chairman of Audit Committee

Mahammad Kalashov

Email: Office@turanbank.az

Phone: +994125107822

Member of the Audit Committee

Sadraddin Javadzade

Email: Office@turanbank.az

Phone: +994125107822

Member of the Audit Committee

Ramin Bayramov

Email: Office@turanbank.az

Phone: +994125107822

Management Board

Chairman of the Management Board

Orkhan Garayev

Email: Office@turanbank.az

Phone: +994125107822

Deputy Chairman of the Board, Chief Financial Officer Chingiz Aghayev Email: Office@turanbank.az Phone: +994125107822	Member of the Management Board, Chief Technology Officer Bakhtiyar Mammadov Email: Office@turanbank.az Phone: +994125107822
Member of the Management Board, Chief Sales Officer Emil Mursalov Email: Office@turanbank.az Phone: +994125107822	Member of the Management Board, Chief Risk Officer İlyas Gojayev Email: Office@turanbank.az Phone: +994125107822

Senior Directors

Senior Director on Business Development

Ramil Khalilov

Email: rkhalilov@turanbank.az

Phone: +994125107911, Ext.1167

Senior Director on Settlements

Kamala Mustafayeva

Email: kmustafayeva@turanbank.az

Phone: +994125107911, Ext.1109

Senior Director on Corporate Banking

Eldar Faracov

Email: efaracov@turanbank.az

Tel: +994125107911, Ext. 1116

Department Directors

Director of Marketing, Product and Card Developments Department Emin Ahmedov Email: e.ahmedov@turanbank.az Phone: +994125107911, Ext.4303	Director of Financial Management Department Alizaman İbrahimov Email: aibrahimov@turanbank.az Phone: +994125107911, Ext.1108
Acting Director of Customer Relations Department Rahman Rzayev Email:rrzayev@turanbank.az Phone: +994125107911, Ext.1375	Director of HR Sevinc Hacıyeva Email: shaciyeva@turanbank.az Phone: +994125107911, Ext.1180
Director of Retail Banking Department Ramil Qalandarov Email: rqelenderov@turanbank.az Phone: +994125107911, Ext. 4351	Director of the Legal Department Murad Mirzazade Email: mmirzezade@turanbank.az Phone: +994125107911, Ext.1143
Director of Risk Management Department Asif Azizov Email: a.azizov@turanbank.az Phone: +994125107911, Ext.1355	Director of Credit Risk Underwriting Department Ismail Ahmadov Email: iahmedov@turanbank.az Phone: +994125107911, Ext.1313
Director of Internal Audit Department Movla Musayev Email: mmusayev@turanbank.az Phone: +994125107911, Ext.3197	Director of Problem Loans Department Hacıyev Röyal Email: rhajiyev@turanbank.az Tel: +994125107911, Ext: 3172
Director of Business Banking Department İmamali Maharramov Email: i.maharramov@turanbank.az Phone: +994125107911, Ext.4319	Director of Treasury Department
Acting Director of İnternal Control Department Eldar Bayramov Email: ebayramov@turanbank.az Phone: +994125107911, Ext. 1121	Director of the Information Technology Department Ziya Babazade Email: zbabazade@turanbank.az Phone: +994125107911, Ext. 1301

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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...

TuranBank attracts local-currency financing from an International Financial Institution

Invest in Visions (IIV), through the IIV Mikrofinanzfonds and the IIV FINANCIAL INFRASTRUCTURE FUNDS, FCP RAIF – DKM MIKROFINANZFONDS A, has successfully invested in TuranBank, one of Azerbaijan’s leading banks in financing small and medium-sized enterprises (SMEs). The transaction was structured in cooperation with the reputable Incofin Investment Fund. Under the agreement, the international investors are providing TuranBank with a synthetic loan in Azerbaijani manats (AZN), equivalent to USD 15 million, with a maturity of three...

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