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).

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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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