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...

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...

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...

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, 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, 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, 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...

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, 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...