Business Baku, Azerbaijan – TuranBank OJSC, one of the leading banks in Azerbaijan in the field of small and medium business financing, has signed new loan agreements with funds managed by the reputable Incofin Investment Management of Belgium. According to the agreements, the Bank has attracted financial resources in local currency equivalent to USD 1.25 million from the "Incofin Climate-Smart Microfinance Fund" (CSMF) and EUR 2 million from the "Incofin Microfinance Fund" (IMFI) for a period of 3 years. These funds will be directed...

With the aim of protecting the environment and raising ecological awareness, TuranBank OJSC has implemented its next environmental campaign with the support of the Ministry of Ecology and Natural Resources (MENR). Within the framework of the project titled "Clean Coasts with TuranBank", bank employees and eco-volunteers carried out extensive cleanup work along the coastline of Bilgah settlement. By participating in the collection of various types of waste, they contributed to making the area cleaner and more suitable for recreation. It should...

Mr. Orkhan Garayev, Chairman of the Management Board of TuranBank ASC, participated as a speaker in a key panel discussion held within the framework of the 51st Annual Meetings of the Islamic Development Bank Group. The Chairman spoke at the panel entitled “Integrating SMEs into Regional Value and Supply Chains: Reducing Trade Barriers, Ensuring Order Fulfillment, and Strengthening Linkages Among Market Participants”, where he shared strategic insights on the role of the banking sector and regional financial instruments in...

TuranBank OJSC, one of the leading financial institutions in Azerbaijan, and the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, have signed an intent declaration to attract USD 15 million in funding to support private sector projects in Azerbaijan. The signing ceremony took place at the opening event of the Private Sector Forum, held as part of the Islamic Development Bank Group Annual Meetings. The Memorandum of Understanding was signed by Dr. Khalid...

TuranBank OJSC, which places a strong emphasis on gender equality and expanding women's access to financial opportunities, has successfully concluded another important international cooperation agreement. Within the framework of its partnership with Belgium-based Incofin Investment Management, the Bank has secured funding from the Global Gender-Smart Fund S.A., SICAV (GGSF) in the amount of the local currency equivalent of USD 5 million for a period of three years. The attracted funds will be directed towards financing micro, small, and...

The next General Meeting of Shareholders of TuranBank Open Joint Stock Company will be held on July 15, 2026, at 3:00 PM at the following address: 85 I. Gutgashinli Street, Baku, Republic of Azerbaijan. Shareholders who will be represented by an authorized representative are kindly requested to submit the relevant power of attorney to the Bank before the commencement of the meeting. Address: Bank's Head Office, 85 I. Gutgashinli Street, Baku. Tel: (012) 510-79-11, 510-79-22; Postal Code: AZ 1073; Note: The agenda of the meeting has been...

Remaining committed to its tradition of actively supporting initiatives aimed at the social protection and well-being of the families of martyrs and war veterans, TuranBank has implemented another meaningful social project on the occasion of “1 June – International Children’s Day.” Within the framework of the “Legacy – Let’s Preserve Our Heritage” project organized by the “Volunteer DOST” program of the DOST Agency, the Bank provided financial support for a trip for children of...

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...

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...