Documentary Operations

TuranBank provides guarantees and letters of credit in both national and foreign currency to ensure the compliance with your obligations before third parties in order to improve your business, provide access to new markets owing to the existing and new counterparties both inside and outside the country.

Customer can benefit from the following service:

Advisory service for choosing the best means of payments in order to minimize risk during their export/import operation;
Opening and providing export/import L/Cs;
Conformation of L/Сs by TuranBank and European, US banks;
Checking out documents and executing payment on L/Cs;
Transfer of L/Cs;
Other financial agreements using credit documentry operations;
Opening and providing L/Gs;

including:
                            1. Issuance of a guarantee of participation;
                            2. Issuance of performance guarantees;
                            3. Issuamce pf advance guarantees.

Confirmation of L/Gs by TuranBank, European and US banks.

Convenient, safe and fast banking

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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...