TuranBank OJSC, which places a strong emphasis on gender
equality and expanding women's access to financial opportunities,
has successfully concluded another important international
cooperation agreement. Within the framework of its partnership with
Belgium-based Incofin Investment Management, the Bank has secured
funding from the Global Gender-Smart Fund S.A., SICAV (GGSF) in the
amount of the local currency equivalent of USD 5 million for a
period of three years.


The attracted funds will be directed towards financing micro,
small, and medium-sized enterprises (MSMEs), particularly those
owned or led by women. The facility aims to improve access to
finance for women entrepreneurs, support the growth of their
businesses, create new employment opportunities, and contribute to
inclusive economic development across Azerbaijan, especially in the
regions.


Promoting gender equality and ensuring equal access to financial
resources are among the key drivers of sustainable economic growth.
International experience demonstrates that empowering women
entrepreneurs strengthens economic resilience, fosters innovation,
and contributes to broader social and economic prosperity. Through
this partnership, TuranBank reaffirms its commitment to supporting
women’s economic participation and reducing barriers to finance. In
addition, the funding will provide local businesses with greater
access to long-term financing in local currency, helping them
mitigate foreign exchange risks and strengthen their financial
sustainability.


This agreement represents another vote of confidence from
international financial institutions in TuranBank’s financial
stability, transparency, and strong corporate governance standards.
The partnership further supports the Bank’s strategic objectives of
enhancing financial inclusion, promoting gender equality, and
contributing to sustainable economic development.


TuranBank remains committed to expanding cooperation with
international partners and continuing to support women-led
businesses, broaden access to finance, and foster inclusive
economic growth in Azerbaijan.


About Global Gender-Smart Fund


The Global Gender-Smart Fund (GGSF) is the world’s largest
gender-focused investment vehicle, providing debt to financial
institutions in developing countries. GGSF aims to expand access to
gender-smart, responsible financial services for underserved women
and women-led and women-owned businesses.


By strengthening inclusive financial systems, GGSF contributes
to improved livelihoods, greater gender balance and outreach, and
increased women’s leadership in emerging markets.







GGSF is managed by Innpact Fund Management, with three leading
private portfolio managers bringing deep market expertise and a
strong impact orientation. Incofin Investment Management is
responsible for originating, monitoring and managing relationships
within this project with Turan Bank.


For more information, please visit: www.ggs-fund.com/


About TuranBank


Established in 1992, TuranBank OJSC is one of Azerbaijan’s most
reliable and stable financial institutions. The Bank provides a
wide range of financial services in line with international
standards to both retail and corporate customers. With a network of
22 service points across the country, TuranBank has demonstrated
sustainable growth throughout its 34 years of operation and
continues to play an important role in the development of
Azerbaijan’s banking sector through its commitment to transparency,
reliability, and social responsibility.


For more information, please visit: www.turanbank.az


TuranBank


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