28.03.2023

On March 28, President Shavkat Mirziyoyev got acquainted with a presentation on attracting foreign investment to the capital of «Asakabank» and «Uzpromstroybank».

The importance of banking system in the economy is great. Thanks to the reforms in this area over the past three years in our country, the volume of bank lending has increased by 2 times, the capital of banks - by 1.6 times.

For the first time, national banks have received prestigious international credit ratings and placed Eurobonds on international capital markets. The number of private banks has increased.

Besides, prestigious banks of Hungary, Kazakhstan, Georgia and Turkey have entered Uzbekistan’s market. As a result of the transformation of «Ipoteka-Bank», a strategic foreign investor has invested to its capital.

As a follow-up to this work, it is planned to attract foreign investment to the capital of «Asakabank» and «Uzpromstroybank». In order to do this, together with international financial institutions, 30 qualified specialists with international experience have been attracted to these banks.

During 2023, it is planned to attract $125 million to the capital of «Uzpromstroybank», and $100 million to «Asakabank». Modern software products and more than 100 new types of banking services will be introduced into operational activities.

As a result of this work, as expected, by the end of 2027, the income of «Uzpromstroybank» will have increased by 1.61 times, the loan portfolio will have risen by 1.6 times. Deposits in «Asakabank» will have increased by 1.71 times, and the volume of bank assets - by 1.72 times. Most importantly, the confidence to these and other banks of Uzbekistan on the international financial market will strengthen, their attractiveness to foreign investors and partners will increase.

Following the presentation, the instructions were given on inviting international consultants to this process, increasing capital and attracting additional investments in banks.