Turan MSME II
Sector: Oil and Gas • Location: Azerbaijan
Source: International Finance Corporation (IFC)
The proposed project consists of a senior loan of up to US$7 million to TuranBank OJSC (“TuranBank”), an existing investment partner of IFC. The proceeds from the Project will serve to expand the Bank’s lending program to MSMEs (the “Project”). This Project supports a strong financial intermediary with a successful track record. The Project is also instrumental in supporting the expansion of non
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed project consists of a senior loan of up to US$7 million to TuranBank OJSC (“TuranBank”), an existing investment partner of IFC. The proceeds from the Project will serve to expand the Bank’s lending program to MSMEs (the “Project”). This Project supports a strong financial intermediary with a successful track record. The Project is also instrumental in supporting the expansion of non-oil industries in Azerbaijan. Turan Bank is a Tier II Bank that was established in 1992 as an LLC and became a joint stock company in March 2005. The Bank’s vision is to be a universal bank providing a wide range of banking products and services to MSMEs and individuals through a wide network of branches and regional centers. TuranBank operates through a network of 14 branches, including 8 branches in the regions. The Bank is re-directing its services to MSME sector since 2007 after being a boutique bank focused on large corporate clients. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
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