• S&P Global Ratings Agency confirmed Turonbank's credit rating at "B/B" level with a forecast of "Stable" The international rating agency S&P Global Ratings confirmed Turonbank's credit rating at B/B level again with a forecast of "stable."
• "Ahbor-Reyting" Agency assigned the bank the national credit rating "UzA+" with a forecast of "Stable"
• The youngest international grandmaster in Central Asia, winner of the 44th Chess Olympiad and holder of the "Pride of Uzbekistan" medal, Jahangir Vohidov, became the official ambassador of the "Turonbank" JSC brand.
• The President of the Republic of Uzbekistan launched 2 new Turonbank projects in the Syrdarya region.
• All Turonbank offices are fully equipped with solar panels.
• Turonbank employee became the winner of the international scientific-practical competition "Patriot of their Profession" held in the CIS
• Cooperation agreement was reached between Turonbank JSCB and Asaka Motors International. Bank clients were awarded the "Active Entrepreneur" badges.
• Turonbank's new "Business Development" Banking Services Center has begun operations in the Bulunğur district of the Samarqand region.
• Another individual loan agreement has been signed with the "AKA" bank of Germany
• The bank took 3rd place in the "Best Commercial Bank of the Year" and "Best Mobile Application of Commercial Banks in 2023" competitions.
An agreement has been signed between Turonbank JSCB and the International Finance Corporation (IFC) to fully transform the bank's operations.
Turonbank signed agreements with the ICD and ITFC for $35 million. USA
A new credit line agreement was signed with the Asian Development Bank
The financial potential of Turonbank JSC was presented in Dubai.
The "Ahbor-Reyting" Agency confirmed the national credit rating of Turonbank JSC based on the results of 2021 at the level of "UzA+" with a forecast of "Stable."
Turonbank JSC switched to the "Colvir Banking System" automated banking system
A new female deputy has been appointed Chairman of the Board of Turonbank JSC.
Turonbank presented the updated "MyTuron" application.
Turonbank has resumed the issuance of VISA cards
"Turonbank" JSCB clients were awarded "Active Entrepreneur" badges
With the financial support of "Turonbank" JSCB, the only "Fiberglass" enterprise in Central Asia for the production of glass fiber was commissioned.
With the financial support of Turonbank JSCB, a large textile enterprise "Fazman" was commissioned in Namangan region.
A unique project co-authored with Turonbank JSC was published in the prestigious French journal "JEC Composites."
Turonbank JSCB was awarded as an active partner of Visa "In the development of non-cash payments"
"Mastercard" company awarded "Turonbank" JSCB as one of the first banks to implement "TapOnPhone" technology in Uzbekistan
Turonbank JSC became the best partner of the Humo payment system in the "SoftPOS" direction.
"Turonbank" JSCB employees underwent special training on "Islamic Finance"
"Turonbank" JSC employees also participated in the IV Tashkent International "Navröz" Marathon, held in cooperation with the SCO.
Turonbank JSCB participated in the global educational program "World Money Week" (Global Money Week) held worldwide.
The "Open Air" season has begun in the "Team building" format to improve the management skills of Turonbank JSC.
Turonbank has established a special scholarship for students.
Turonbank signed memorandums of understanding and cooperation with five prestigious universities.
"Turonbank - intellect" intellectual games were held among all branches of Turonbank JSC across the republic.
Turonbank JSC celebrated its 32nd anniversary.
Turonbank participated in the first major exhibition "Harvest Festival"
The number of TuronBank Media YouTube channel subscribers exceeded 10 thousand.
Opening of a new branch "Andijan" in the city of Andijan
The national rating agency "Ahbor Reyting" assigned the bank a rating with a "Stable" outlook - UzA high
15 new modern banking services office was opened
International rating agency "Standart & Poors" assigned Turonbank an individual rating "В / В" with the approval "Stable";
JSCB "Turonbank" signed bilateral agreements with the Export and Import Bank of China in the amount of USD 65.5 million.
JSCB "Turonbank" signed bilateral agreements with the Asian Development Bank in the amount of US $ 20.0 million.
An additional 22 issue of the bank's shares was issued for a total of 9 billion soums and, as a result, the capital amounted to more than 774.7 billion soums.
An additional 22 issue of the bank's shares was issued for a total of 9 billion soums and, as a result, the capital amounted to more than 774.7 billion soums.
The transformation process has begun with the International Finance Corporation (IFC), which is part of the World Bank group.
The "Ahbor-Reyting" Agency, based on the results of 2019, provided the "Turonbank" Joint-Stock Commercial Bank "uzA+" with a national loan with a "Stable" prospective forecast.
The Turonbank's 30th anniversary was celebrated.
A general agreement on the allocation of a mortgage loan was signed with the "Uzbekistan Mortgage Refinancing Company" JSC.
Since January 1, 2020, the service of the international "MIR" map of the Russian Federation has been established.
Three loan agreements totaling 101.3 million euros were signed with the Russian state corporation "Development and Foreign Economic Activity Bank" for the construction of three hydroelectric power plants and the modernization of one hydroelectric power plant.
The "S&P Global Ratings" agency approved Turonbank's credit rating at "B/B" level, recognizing its prospects as "Stable."
By the end of 2020, 40 modern banking service offices were opened in all regions of the republic.
According to the presidential decree, a $100 million foreign credit line from international financial institutions will be directed towards financing the lemon growing sector. A new premium One Touch service for accepting payments from "Humo" and "Visa" cards via smartphones has been launched.
The modern "Anderwriting" program has been integrated into the retail loan allocation system.
Turonian took an active part in the global educational program "World Money Week" (Global Money Week).
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Opening of a new "Andijan" branch in the city of Andijan
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The National rating agency "Ahbor Reyting" assigned the bank a rating with a forecast of "Stable" - UzA high
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15 new modern banking service offices have been opened
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The international rating agency "Standard&Poors" assigned Turonbank the individual rating "B/B" with the approval of "Stable";
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Turonbank signed bilateral agreements with the Export-Import Bank of China for $65.5 million.
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Turonbank JSCB signed bilateral agreements with the Asian Development Bank for US$20.0 million.
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22 additional issues of the bank's shares were issued for a total amount of 9 billion soums, and the total capital amounted to more than 774.7 billion soums.
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22 additional issues of the bank's shares were issued for a total amount of 9 billion soums, and the total capital amounted to more than 774.7 billion soums.
Opening of a branch "Mirzo Ulugbek" in the city of Tashkent.
JSCB "Turonbank" signed bilateral agreements with the Eximbank of China in the amount of 85.8 million US dollars.
Opening and launching of round-the-clock self-service zones 24/7.
An additional issue of 18 shares of the bank was issued for a total of 50 billion soums and, as a result, the capital amounted to more than 100 billion soums.
An additional 19 issue of the bank's shares was issued for a total of 59.5 billion soums.
The national rating agency "Ahbor Reyting" has assigned the bank a rating with a "Stable" forecast - UzA is high.
Turonbank was recognized as the "Best Bank for Supporting Projects Aimed at Creating New Jobs."
The National rating agency "Ahbor Reyting" confirmed the bank's "UzA" rating with a forecast of "Stable."
Turonbank JSC became the laureate of The New Era Award for Technology, Innovation and Quality - a New Era Award in technology, innovation, and quality.
Turonbank introduced a new remote account management service "Mobile Bank - Turon-mobile";
According to the financial magazine "The Banker," Turonbank became the best bank in Uzbekistan in 2013.
Due to the issuance of 13 shares of the bank, the authorized capital increased by 4.2 billion soums and amounts to 28.0 billion soums;
The international rating agency "Standard & Poors" assigned Turonbank an individual rating "B-/C" with a forecast of "Stable";
Turonbank's large investment project - the "Fergana Turon Textile" textile enterprise - is beginning to launch. Notably, the company will produce 8,100 tons of high-quality cotton yarn annually, competing with the world-renowned Belcoro brand yarn, thanks to the installation of new high-tech equipment of the German brand TRUTZSCHLER;
The National rating agency "Ahbor Reyting" assigned the bank the "UzA" rating with a forecast of "Stable";
The bank's authorized capital increased by 6.0 billion soums due to the increase in the nominal value of the bank's shares and amounts to 34.0 billion soums.
In 2010, Turonbank announced an additional 5.6 billion soums in bank shares, with Turonbank's authorized capital increasing twice a year, indicating potential shareholders' interest in the bank's activities. In addition, since the beginning of 2010, Turonbank has been providing money transfer services to the population through the "Unistream" and "Migom" systems.
In November 2010, Turonbank JSCB celebrated its 20th anniversary. By this time, Turonbank has a charter capital of 23.8 billion soums, support from shareholders and partners, and a number of large corporate clients, including the Ministries of the Republic of Uzbekistan, the Oliy Majlis, and large joint ventures.
Turonbank has already established correspondent relations with more than 75 banks worldwide, and has established correspondent relations with 14 banks to open correspondent accounts. It is a reliable bank for more than 175 thousand people, including depositors. Over the years of operation, Turonbank has opened 18 branches, more than 150 additional subdivisions to provide banking services to the population, and is a reliable partner for more than 17 thousand various companies.
Turonbank is a member of the following associations, funds, and international organizations:
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Fund for Guaranteeing Public Deposits;
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Republican Interbank Currency Exchange;
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Republican Stock Exchange "Tashkent";
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Association of Banks of the Republic of Uzbekistan;
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Chamber of Commerce and Industry of the Republic of Uzbekistan
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SWIFT International Electronic Payment System;
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VISA International international payment system;
- "REUTERS" Information and Dilling System.
In 2009, the bank's authorized capital increased by 2.2 billion soums and, as of January 1, 2010, amounted to 13.0 billion soums. In 2009, correspondent relations were established with JSC "Promsvyazbank" (Russian Federation) and correspondent accounts were opened in US dollars, euros, and Russian rubles. A system for delivering cash foreign currency has been established with Credit Suisse (Switzerland), Commerzbank AG (Germany), and HSBC Bank London Branch.
Throughout 2009, a project to issue four solutions based on Visa cards was successfully implemented: Electron, Classic, Gold, and Business - a corporate currency card. In particular, in May 2009, the first working card of Turonbank was launched.
2008 was particularly favorable for the bank's operations. Moody's international rating agency assigned Turon Bank JSC a financial stability rating (FSB) of E+, which is being transformed into a basic creditworthiness rating of B3. This rating takes into account the bank's strong business relationships with a number of large clients (including both state-owned enterprises and government institutions, as well as private sector companies), a relatively developed branch network, improving profitability and operational efficiency indicators, and proper asset quality. All ratings have a "stable" outlook.
The bank implemented the "Money Gram" money transfer system and was one of the first banks in Uzbekistan to introduce the "Golden Crown" system to the money transfer market of Uzbekistan, established correspondent relations with JP Morgan Chase Bank (USA), Bank Finance and Credit (Ukraine).
Turonbank develops and implements new banking technologies to support and promote the business development of bank clients. Changes occurred in the processes of providing banking services, namely, in 2008, new, more modified systems for remote account servicing - Internet-Banking and Sms-Banking - were introduced.
Since 2007, based on the License of the Central Bank of the Republic of Uzbekistan and the General Meeting of Shareholders, it has been operating in the banking services market as the Open Joint-Stock Commercial Turon Bank.
Also, in 2007, Turonbank became a member of the Reuters diling system and joined the VISA International payment system as an associate member, concluding an agreement with Credit Suisse Bank (Switzerland) for the supply of cash foreign currency. Since the beginning of 2007, the bank has been implementing a new Contact money transfer system, thereby increasing Turonbank's share in the total volume of money transfers in Uzbekistan.
Turonbank, being one of the universal banks, conducted an additional share issue in 2005 and attracted new shareholders in the form of state institutions and large commercial structures.
Turonbank has been developing its foreign economic activity and, in order to develop international settlements, has become a member of the SWIFT SCRL international organization since 2004. In this regard, the client base is growing and diversifying, the volume of international operations and the turnover of money transfers is increasing.
Turonbank has been developing its foreign economic activity and, in order to develop international settlements, has become a member of the SWIFT SCRL international organization since 2004. In this regard, the client base is growing and diversifying, the volume of international operations and the turnover of money transfers is increasing.
The year 2003 was determined by the development of foreign economic activity and the establishment of correspondent relations with foreign banks, and marked the beginning of new relations with major international financial institutions. Turonbank became the first representative of "Quick Mail" money transfers in Uzbekistan and the representative of "Western Union" international money transfers.
From June 29, 2002, according to the license of the Central Bank of the Republic of Uzbekistan, the bank continued its activities as the Joint-Stock Commercial Turonbank.
Open Joint-Stock Commercial Turonbank, one of the first commercial banks in the Republic, was approved by the founding conference of shareholders on October 6, 1990, and registered by the State Bank on November 6, 1990, under number 713.
When opening a bank, the founders of the bank were:
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Ministry of Land Reclamation and Water Resources and its subordinate organizations and enterprises;
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The State Committee for Water Management Construction and its enterprises and organizations;
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State Committee for Architecture;
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Main Department of Cultural Monuments of the Ministry of Culture;
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Republican Association "Me'mor";
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Union of Architects of Uzbekistan;
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Stroyimpex Foreign Economic Association - Central Asia branch;
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Association for Foreign Economic Cooperation "Farhad."
In accordance with the decision of the General Meeting of Shareholders of April 17, 1993, the bank was reorganized into the Joint-Stock Commercial Bank of the Consolidation "Turon."
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