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 line, which
is designed to facilitate import and export operations while also
expanding access to financial resources for businesses in
Azerbaijan, particularly in the non-oil sector. The allocated funds
aim to address existing market gaps and support broader initiatives
focused on strengthening and diversifying the national economy.
This agreement reinforces TuranBank’s ongoing strategy to
strengthen cooperation with reputable international financial
institutions, attract new funding sources, and support key sectors
of the Azerbaijani economy. TuranBank remains committed to
delivering high-quality financial services, developing innovative
banking solutions, and promoting sustainable economic progress in
the country.
About the Asian Development Bank (ADB)
ADB is a multilateral development institution that promotes
economic growth, reduces poverty, and fosters regional cooperation
across Asia and the Pacific. ADB supports private sector
development and financial sector stability through partnerships
with leading financial institutions.
About TuranBank
Founded in 1992, TuranBank is one of Azerbaijan’s leading
financial institutions, offering a wide range of corporate, retail,
and SME banking services. The Bank focuses on supporting
entrepreneurship, financing the real sector, and building
partnerships with international development organizations.
TuranBank
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