Turan Bank was able to attract a credit of $ 2 million from the Swiss financial company Respons Ability Investment AG for further supporting local entrepreneurs engaged in small and medium-sized businesses.
According to the information on the website of the bank, the loan will be repaid within three years.
The company Respons Ability Investment AG belongs to the Swiss financial institutions, and now its experts manage $ 2.9 billion of assets scattered in 535 enterprises in 93 countries around the world.
Turan Bank has operated from June 1992. Its founders are 6 legal entities and 22 individuals. --17D-
Economics
-
The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
-
Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
-
Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
-
Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
Leave a review