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TuranBank, a leading bank in Azerbaijan committed to advancing gender equity, has successfully completed a strategic project aimed at fostering greater inclusion of women in the financial sector. Developed in long-term partnership with Enabling Qapital, a FINMA-regulated Swiss impact asset manager, and Columbia University's School of International and Public Affairs (SIPA), the initiative combined research and practical engagement to support more inclusive practices in banking. From March 14 to 19, seven graduate students from SIPA...

TuranBank OJSC, a leading bank in Azerbaijan committed to supporting the real sector of the economy, continues to strengthen its collaboration with international financial institutions. In this regard, the Bank has signed a loan agreement with the EMF Microfinance Fund, which is managed by Enabling Qapital, a FINMA regulated leading Swiss Impact Asset Manager. The agreement, worth 4 million US dollars, is set for a 3-year term and aims to further expand financing for Micro, Small, and Medium Enterprises (MSMEs) in Azerbaijan. “This...

In line with the principles of socially responsible banking, TuranBank recently held a charity event in support of the Public Union "Children of Azerbaijan." As part of the project " Zərif əldən cəsur ürəklərə", the bank facilitated the sale of symbolic jewelry handcrafted at the Reintegration Center, operated by the Public Union "Children of Azerbaijan." The initiative aims to assist girls who have suffered from violence and abandonment in enhancing their professional skills and covering their educational expenses. The goal of...

TuranBank OJSC, one of the leading banks in Azerbaijan supporting the real sector, continues to attract financial resources from international institutions due to its successful operations. In this regard, a new loan agreement has been signed between TuranBank and the Black Sea Trade and Development Bank (BSTDB) to further support the financing of small and medium-sized businesses. Under the terms of the agreement, the international financial institution has allocated a loan to the Bank in local currency, amounting to the equivalent of 6...

The next extended meeting of the Supervisory Board of TuranBank OJSC was held, chaired by Rauf Kazimov, Chairman of the Bank's Supervisory Board. The meeting was attended by members of the Supervisory Board, the Chairman and other members of the Management Board, as well as executive directors. The meeting reviewed the report of the Management Board on the Bank's annual activities for 2024, evaluating the implementation of the current development strategy and the results achieved. The Chairman and members of the Supervisory Board, in...

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...

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, 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...