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...

Adhering to the principles of socially responsible banking, TuranBank has launched another charity initiative by organizing a camp for lonely elderly people as part of the "Corporate DOST" subprogram of the DOST Agency. In collaboration with the "Könüllü DOST" program of the DOST Agency, the Bank hosted the training and creative camp at the Zira Ecopark. The camp was designed to provide effective leisure activities and foster a sense of community for elderly individuals over the age of 65. Activities included a yoga master...

TuranBank OJSC, one of Azerbaijan's leading financial institutions, has maintained its strong market position based on key financial indicators for the first half of 2024. As of the second quarter of 2024, TuranBank’s total assets reached 872 million manat. The bank's loan portfolio grew by 12.1%, or 69.4 million manat, compared to the same period last year, amounting to 645 million manat. Specifically, loans to business clients increased by 13.4%, or 44.5 million manat, reaching 375.4 million manat. The deposit portfolio stood...

TuranBank, which began its operations in 1992, has distinguished itself in the Azerbaijani banking sector through its stability, earning the trust and loyalty of customers. Over the years, the Bank has developed into one of the country's largest financial institutions and maintained its reputation as a reliable business partner. As TuranBank celebrates its 32nd anniversary, it reflects on a successful history marked by its contributions to the growth of Azerbaijan's private sector, particularly through support for small and...

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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...

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