09.07.2026

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Second Incofin investment in two months strengthens support for Azerbaijani SMEs

Following last month’s financing focused on women entrepreneurs, Incofin has provided additional local currency funding to TuranBank to support small and medium-sized businesses across Azerbaijan.

The financing package, equivalent to USD 1.25 million and EUR 2 million, will enable TuranBank to continue expanding lending to businesses, including those pursuing environmentally sustainable growth. This follows a recent USD 5 million investment for an advised fund, where Incofin serves as portfolio manager.

The investment underscores the strong partnership between Incofin and TuranBank and the continuing demand for local currency financing among Azerbaijani entrepreneurs.

About TuranBank OJSC:

TuranBank OJSC was established in 1992 and operates as one of the most reliable financial institutions in Azerbaijan. The Bank provides its customers with a wide range of financial services in accordance with international standards. Currently operating with 22 service points across the country, TuranBank has demonstrated sustainable development throughout its 34 years of activity and has stood out for its commitment to the principles of transparency, reliability, and social responsibility.