According to its strategy, the Bank, which has its sales outlets in the most of regional centers of the republic, contributes to the sociopolitical development of the non-oil sector segments like industry, agriculture, construction, commerce and service, and of regions in whole by carrying out projects of support to the population and micro, small and medium entrepreneurship. Projects on individual business micro-credits are of special importance for the Bank. In this context, the Bank corporate with several foreign financial institutions. For example, the Bank has attracted 3.5 million USD 3 with the maturity of 3 years from a German financial institution Bank im Bistum Essen eG and 5 million USD with the maturity of 3 years from VII Mikrofinanzfonds for the purpose of further adding to the microfinance portfolio. Thus, with the a loan agreement signed with the Microfinance Enhancement Facility in the amount of $5 million with the maturity of 3 years the total amount of funds attracted from January to October of the current year are 13.5 million USD.
The Bank offers to its clients consumer, business, lombard, motor, and the mortgage loans with favorable conditions. In order to meet the daily needs of its customers the Bank within its campaign named "Gözünüz aydın!" reduced annual interest rates on their credit products "Small consumer loans", loans for teachers, military personnel and retirees. Thereafter, the above-mentioned loans can be obtained at the rate of 20% per annum, without a guarantor in any branch of the bank.
- See more at: http://turanbank.az/en/bizim-bank/bank-xbrlri/1656/#sthash.1ykXuGPC.dpufBaku. Musa Ahmadov - APA-Economics. TuranBank and Microfinance Enhancement Facility SA, SICAV-SIF have signed a new agreement to provide a loan in the amount of $5 million with the maturity of 3 years to expand the Bank's microfinance portfolio.
According to its strategy, the Bank, which has its sales outlets in the most of regional centers of the republic, contributes to the sociopolitical development of the non-oil sector segments like industry, agriculture, construction, commerce and service, and of regions in whole by carrying out projects of support to the population and micro, small and medium entrepreneurship. Projects on individual business micro-credits are of special importance for the Bank. In this context, the Bank corporate with several foreign financial institutions. For example, the Bank has attracted 3.5 million USD 3 with the maturity of 3 years from a German financial institution Bank im Bistum Essen eG and 5 million USD with the maturity of 3 years from VII Mikrofinanzfonds for the purpose of further adding to the microfinance portfolio. Thus, with the a loan agreement signed with the Microfinance Enhancement Facility in the amount of $5 million with the maturity of 3 years the total amount of funds attracted from January to October of the current year are 13.5 million USD.
The Bank offers to its clients consumer, business, lombard, motor, and the mortgage loans with favorable conditions. In order to meet the daily needs of its customers the Bank within its campaign named "Gözünüz aydın!" reduced annual interest rates on their credit products "Small consumer loans", loans for teachers, military personnel and retirees. Thereafter, the above-mentioned loans can be obtained at the rate of 20% per annum, without a guarantor in any branch of the bank.
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