TuranBank OJSC, one of the leading financial institutions in
Azerbaijan, continues its successful partnership with the
International Islamic Trade Finance Corporation (ITFC), a member of
the Islamic Development Bank (IsDB) Group.
Under the USD 10 million financing agreement signed between the
parties to expand the financing of international trade operations,
TuranBank has successfully completed the attraction of USD 2
million for the next stage. As a result, the total volume of funds
drawn down under the aforementioned agreement to date has reached
USD 5.5 million
The newly secured financing is directed toward supporting trade
operations of small and medium-sized enterprises (SMEs) in the
country, as well as facilitating the financing of import and export
transactions.
The short-term and consecutive implementation of the projects
planned under the agreement not only demonstrates TuranBank's
financing capabilities and lending potential, but also clearly
reflects the high trust placed by international financial
institutions in the Bank's financial stability, transparent
management principles, and institutional reputation.
Operating since 1992, TuranBank serves individual and corporate
clients through its 22 points of sale. Detailed information about
the new service provided by the Bank can be obtained by visiting
its official website or following its social media pages (Facebook,
Instagram, etc.).
TuranBank
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