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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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...

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A trade financing agreement was concluded between TuranBank and Asian Development Bank

Marking a significant milestone, TuranBank OJSC, a prominent player in the country's banking sector, has entered into a pivotal agreement with the Asian Development Bank (ADB) to finance international trade operations. Within the framework of the new agreement, ADB approved the trade financing guarantee limit by including TuranBank OJSC in the "Trade and Supply Chain Financing Program" (TSCFP). This agreement will allow the country to expand import-export operations and support customers' trade operations. "We are happy to see that...

TuranBank has become the bank that contributes the most to the increase in competitiveness within the microlending.

TuranBank was awarded at the III Agribusiness Development Forum, held jointly with the Agricultural Credit and Development Agency under the Ministry of Agriculture of Azerbaijan and the Food and Agriculture Organization (FAO) of the United Nations on March 29th. Specifically, TuranBank, which has always supported the development and financing of entrepreneurship, especially in rural areas, and contributed to the development of the private sector in Azerbaijan, was awarded in the category of "the bank that contributed the most to the...