Project loans

EXPERIENCE OVER 30+ YEARS

Rules for use of funds of Agency for the Agro Credit and Development under the auspieces of Ministry of Agriculture of Azerbaijan Republic

Directions of financing of Agricultural Development Projects and Programs by Agrarian Credit and Development Agency:

Financing projects regarding improvement of processes of sales and production,processing, storage of agricultural products;
Financing innovative projects regarding agrarian development of regions;
Financing projects regarding improvement of supply of agricultural equipment,as well as their discount sale and leasing;
Financing projects in the sphere of development of livestock farms using public-privatepartnerships;
Financing pilot projects of the Ministry of Agriculture of the Republic of Azerbaijan.

Rules of Financing from Entrepreneurship Development Fund of Azerbaijan Republic

Areas of financing at the expense of SIF funds:

support for startup projects;
creation of agro-parks;
creation of meat and dairy cattle complexes;
establishment of logistics (storage, transportation and sale of food and non-food products) and green market (farm shops) centers;
establishment of fruit and vegetable processing enterprises (including small and medium-sized ones) meeting modern requirements;
establishment of meat cutting, meat and dairy processing enterprises (including small and medium-sized);
development of poultry (creation of deep processing areas in poultry);
establishment of mixed fodder production enterprises;
creation of modern greenhouse complexes;
establishment of intensive horticulture (grape, apple, pomegranate, olive, almond, etc.) and seedling farms;
establishment of technical crop and fruit production and processing enterprises;
establishment of modern bakery enterprises;
establishment of modern irrigation systems and enterprises for the production of construction materials;
development of information technologies and tourism (development of infrastructure along tourist routes, reducing seasonality, as well as support for rural tourism projects);
establishment of enterprises in other fields (light, chemical, mechanical engineering, food, etc.);
establishment of enterprises for production and processing of import-substituting food and non-food products;
development of small business (including youth, women, the disabled and IDPs).

Convenient, safe and fast banking

TuranBank has secured a credit line from a reputable international financial institution

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...

TuranBank Organizes Tree Planting Initiative

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 Secures Loan in Local Currency from International Financial Institution

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...

TuranBank, in collaboration with the DOST Agency, organized a special camp for lonely elderly people

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 has announced its financial results for the first half of 2024

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 celebrates its 32nd anniversary

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...

...

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...