Turan Bank

Azerbaijan Financial services

TuranBank has 12 branches in Azerbaijan (of which 6 are located in regions) and operates 21 ATMs and 19 currency exchange offices.

We are invested in Turan Bank through Shorecap II, which is managed by Equator Capital Partners. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Rest of the World
Countries:
Azerbaijan
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Shorecap II
Fund Manager:
Equator Capital Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2013
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Azerbaijan