2024-04-17 17:10:12
An agreement was signed between one of the country’s leading banks, TuranBank OJSC, and the Asian Development Bank (ADB) to finance international trade operations.
Within the framework of the new agreement, ADB approved the guarantee limit for trade financing by including TuranBank OJSC in the “Trade and Supply Chain Financing Program” (TSCFP). It should be noted that this agreement will make it possible to expand import-export operations in the country and support the trade operations of customers.
“We are delighted to see TSCFP establish a relationship with TuranBank in Azerbaijan. ADB is committed to supporting global trade, job growth and economic development. This partnership is critical to supply chains and food security in Azerbaijan.” Candice McDeigan, ADB’s director for Azerbaijan, said this.
“This agreement concluded between TuranBank OJSC and ADB is another important indicator of the trust of international financial organizations in our Bank. This agreement is designed to facilitate the international trade activities of entrepreneurs in our country, and to provide them with the necessary support to expand their import and export opportunities. I am sure that our cooperation will improve the economy of Azerbaijan. it will contribute to the non-oil sector, as well as to the development of foreign trade,” said Fazail Musayev, Chairman of the Board of Directors of TuranBank.
For your information, ADB is committed to achieving a prosperous, inclusive, adaptable and resilient Asia and the Pacific region, while continuing its efforts to eradicate extreme poverty. ADB was established in 1966. 68 members of the bank, 49 of them from the region, are its shareholders.
Operating since 1992, TuranBank OJSC is at the service of individual and corporate customers with 21 sales points. The bank has always followed the path of development, and with its services, has taken an important position in the financial sector in terms of both quality and quantity. TuranBank is one of the main participants in the financial sector of Azerbaijan, distinguished by its stability and reliability. You can get detailed information about the products and services provided by the bank by calling (012) 935 Information Center, visiting TuranBank’s official website or pages on social networks (Facebook, Instagram, etc.).
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