Invest in Visions (IIV), through the IIV Mikrofinanzfonds and the IIV FINANCIAL INFRASTRUCTURE FUNDS, FCP RAIF – DKM MIKROFINANZFONDS A, has successfully invested in TuranBank, one of Azerbaijan’s leading banks in financing small and medium-sized enterprises (SMEs). The transaction was structured in cooperation with the reputable Incofin Investment Fund.
Under the agreement, the international investors are providing TuranBank with a synthetic loan in Azerbaijani manats (AZN), equivalent to USD 15 million, with a maturity of three years. By offering financing in local currency, the investment reduces foreign exchange risks for borrowers and strengthens the financial resilience of SMEs in the country.
“With this investment, we are directly supporting the economic development of entrepreneurs in Azerbaijan,” said Sergej L. Shkolnikov, Senior Portfolio Manager at Invest in Visions. Access to long-term financing in local currency is essential to enable growth, create jobs, and promote local value creation. We are pleased to work with TuranBank and Incofin to further improve the financing conditions for SMEs”.
“This new loan agreement, concluded with the Invest in Vision Fund, will further reinforce the Bank’s inclusive financing strategy and enhance SMEs’ access to affordable financial resources in the local currency. The attracted funds are of great importance in strengthening the country’s business environment, supporting regional entrepreneurship, and fostering new economic opportunities. We would like to thank the Incofin Investment Fund for its important role in structuring this transaction. TuranBank will continue to broaden its cooperation with international partners and invest in projects that contribute to the socio-economic development of the country,” said Orkhan Garayev, Chairman of the Management Board of TuranBank OJSC.
Founded in 2006, Invest in Visions provides institutional and private investors with access to impact-oriented investments in emerging and developing markets. As one of the pioneers of impact investing in Germany, the company focuses on microfinance and sustainable infrastructure. Through its investments, Invest in Visions supports responsible, long-term economic development.
Over its 33-year history, TuranBank—today operating through 22 service networks—has steadily expanded its cooperation with international financial institutions to attract credit lines for the financing of micro, small, and medium-sized enterprises. The Bank plays a significant role in supporting the sustainable development of Azerbaijan’s non-oil sector through SME financing projects with reputable organizations such as the Asian Development Bank (ADB), EMF Microfinance Fund, Black Sea Trade and Development Bank (BSTDB), Islamic Corporation for the Development of the Private Sector (ICD), BlueOrchard Microfinance Fund, ECO Trade and Development Bank (ECO TDB), among others.
For detailed information about the Bank’s products and services, please contact the 935 Call Center, visit TuranBank’s official website, or follow its social media pages.
