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 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...

TuranBank Announces Financial Results for Q3 2025

One of Azerbaijan’s leading financial institutions, TuranBank OJSC, has announced its financial results for the third quarter of 2025. According to the report, the Bank has maintained its strong market position and continued its steady growth trajectory. As of the end of Q3 2025, TuranBank’s total assets increased by 5%, reaching AZN 893 million. In line with its strategic goals, the Bank continued to expand financing for micro, small, and medium enterprises (MSMEs). The loan portfolio grew by 9.1% (AZN 59 million) compared to the...

TuranBank Introduces “Open Banking” Functionality for its Customers

Continuing its efforts to expand digital banking services and enhance customer satisfaction, TuranBank OJSC has introduced the “Open Banking” functionality through its mobile application. This new feature enables customers, with their consent, to centrally view information about their accounts and payment transactions held with other banks directly via the TuranBank Mobile App and Internet Banking platforms. Users can easily monitor their balances, transaction histories, and overall financial status, as well as set the...

TuranBank Signs Loan Agreement with ECO Trade and Development Bank

TuranBank, one of the leading banks in Azerbaijan in the financing of micro, small, and medium-sized enterprises (MSMEs), continues to expand its cooperation with international financial institutions. As part of this effort, the Bank has signed a new EUR 5 million loan agreement with the reputable ECO Trade and Development Bank (ECO TDB), aimed at strengthening MSME financing. The facility has been provided for a five-year term, and the funds will be used to support the financing needs of small and medium-sized businesses in Azerbaijan. This...

TuranBank Azerbaijan Signs $15 Million Line of Financing Agreement with the Islamic Corporation for the Development of the Private Sector (ICD)

TuranBank, a leading player in Azerbaijan’s banking sector recognized for its strong international partnerships, has signed a financing agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group. Under this agreement, ICD will extend USD 15 million Line of Finance for a term of five years to support Small and Medium-sized Enterprises (SMEs) in Azerbaijan and improve access to financial resources for the private sector, in line with...

TuranBank wins International Award for “Best SME Deal of the Year”

TuranBank, one of Azerbaijan’s leading financial institutions, has been recognized as the winner in the “Best SME Deal of the Year” category at the 11th Trade and Supply Chain Finance Program Awards 2025, organized by the Asian Development Bank (ADB)—a highly regarded event in the global financial sector. The award was officially presented to TuranBank during a formal ceremony held on September 2, 2025, in Singapore. This prestigious competition assessed trade and supply chain finance projects implemented by banks...

TuranBank became the official partner of the World Final of the International Programming Contest

Actively supporting the digitalization processes in our country, TuranBank is the official partner of the 49th International Programming Contest (ICPC) World Final to be held in Azerbaijan from August 31 to September 5, 2025, within the framework of the Azerbaijan Banks Association. It should be noted that the competition, which is considered the most prestigious programming competition in the world, is organized by the “ICPC Foundation” and hosted by ADA University, in partnership with the Central Bank of the Republic of...

TuranBank Secures Local Currency Loan from International Financial Institution

TuranBank, one of Azerbaijan’s leading banks in the financing of small and medium-sized enterprises (SMEs), continues to strengthen its successful partnerships with international financial institutions. The Bank has signed a new loan agreement in local currency with the reputable “Covid-19 Emerging and Frontier Markets MSME Support Fund SCSp SICAV-RAIF,” managed by Switzerland’s leading impact investment manager, BlueOrchard Finance. Under the agreement, the Covid-19 Emerging and Frontier Markets MSME Support Fund SCSp...

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