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 will be directed
toward supporting Azerbaijan’s non-oil sector, particularly small
and medium-sized enterprises (SMEs). The availability of financing
in local currency will help protect entrepreneurs from foreign
exchange risks and enable more favorable financing conditions for
business projects.


Benoit Bouet, Head of FI Debt EECCA & MENA, responsAbility,
said: “This transaction is a strong fit with our financial
institutions lending strategy. By providing financing in local
currency, we aim to support access to funding for small and
medium-sized enterprises in Azerbaijan and contribute to the
development of the local real economy.”


“Signing this new agreement with responsAbility is another
strong indication of the trust placed in our Bank and our financial
stability. Securing USD 10 million equivalent in local currency
will not only improve access to finance for SMEs in Azerbaijan but
also protect them from exchange rate risks. Through this
partnership, we aim to further enhance financial inclusion in the
country and expand our support to entrepreneurs in the regions. We
remain committed to supporting the real sector and contributing to
the sustainable development of Azerbaijan’s non-oil economy,” said
Orkhan Garayev, Chairman of the Management Board of TuranBank
OJSC.







This partnership once again confirms TuranBank’s credibility
among international financial institutions, as well as its
commitment to sustainable development principles and financial
inclusion.


responsAbility is a leading Swiss impact asset manager focused
on private market investments in emerging markets. The company
provides debt and equity financing to financial institutions,
enterprises and specialist and regional funds. Impact is embedded
across the investment approach, with strategies designed to
generate measurable positive outcomes for people and planet
alongside competitive financial returns.


TuranBank OJSC was established in 1992 and is recognized as one
of the most stable and reliable institutions in Azerbaijan’s
financial sector. The Bank provides its clients with a wide range
of financial services in accordance with international standards.
Currently operating through 22 service points across the country,
TuranBank has demonstrated sustainable growth over its 33 years of
activity. The Bank stands out for its commitment to transparency,
reliability, and social responsibility, continuing to play an
important role in the national banking sector. For more
information: www.turanbank.az