Baku: TuranBank has successfully secured a revolving credit line of up to USD 8 million from the Asian Development Bank’s Trade and Supply Chain Finance Program (ADB TSCFP). This development signifies a pivotal moment in the ongoing collaboration between TuranBank and ADB TSCFP, highlighting the increasing trust international financial institutions place in TuranBank’s strategic growth, risk management, and operational capabilities.

According to Azerbaijan State News Agency, the ADB TSCFP has confirmed an increase in TuranBank’s overall limit under the Credit Guarantee Product to USD 8 million. The newly assigned revolving credit line is designed to enhance import and export operations while broadening financial resource access for businesses in Azerbaijan, focusing particularly on the non-oil sector. The funds are intended to fill existing market gaps and support initiatives aimed at strengthening and diversifying the national economy.

This agreement aligns with TuranBank’s ongoing strategy to forge strong collaborations with esteemed international financial entities, attract new funding sources, and bolster key sectors of the Azerbaijani economy. TuranBank is dedicated to providing high-quality financial services, innovating banking solutions, and fostering sustainable economic development across the country.