Asaka Bank (Uzbekistan)

Overview

Asaka Bank (Uzbekistan) is Uzbekistan's #2 commercial bank by assets + Uzbek government Uzbekistan Republic National Bank of Foreign Economic Activity (NBU) + Ministry of Finance majority controlling + specialized in automotive industry financing as banking partner of Uz-Daewoo Motors/GM Uzbekistan [1, uz-cro].

History

Sep 8 1995 — Asakabank founded by Government of Uzbekistan as banking partner of Uz-Daewoo Motors (now GM Uzbekistan) automotive industry distinctive Uzbek banking heritage.

2018 — Asaka Bank Mobile Banking app launch distinctive Uzbek mobile banking strategy.

2020s — Uzbekistan banking sector liberalization + Asaka Bank IPO preparation post-Tashkent Stock Exchange listing announcements.

Ownership & operator

Operating entity: Asakabank Joint-Stock Commercial Bank (Uzbekistan's #2 commercial bank by assets; Uzbek government Uzbekistan Republic NBU + Ministry of Finance majority controlling).

Major shareholders: Uzbekistan Republic National Bank of Foreign Economic Activity NBU + Ministry of Finance + Uzbek government via Uzbekistan Fund for Reconstruction and Development UFRD + minority Uzbek institutional investors.

Regulators: CBU (Central Bank of Uzbekistan).

Technical integration

Asaka Bank Mobile Banking app (iOS + Android) + asakabank.uz online + Asaka Bank branch network across Uzbekistan + Asaka Bank Visa + Mastercard + Humo + UzCard cards; Uzbekistan IBAN + Humo (Uzbek national payment system) + UzCard (Uzbek card payment network).

Implementations & partners

Major Uzbek banking + payments competitors: [[uznb]] (National Bank for Foreign Economic Activity of Uzbekistan; Uzbekistan's largest state-owned commercial bank by assets) + [[ipoteka-bank]] (Ipoteka Bank Uzbekistan; OTP Hungarian parent post-Sep 2023 acquisition) + [[hamkorbank]] (Hamkorbank Uzbek private commercial bank) + [[tbc-uzbekistan]] (TBC Uzbekistan; TBC Bank Georgian parent + Uzbek digital banking subsidiary) + [[uzpromstroybank]] (Uzbek Industrial Construction Bank; Uzbek state-owned commercial bank) + [[click-uz]] (Click Uzbekistan mobile payment app) + [[payme-uz]] (Payme Uzbekistan mobile payment app).

Regulator: CBU.

Status

Active, Uzbekistan's #2 commercial bank by assets + Uzbek government majority controlling + specialized in automotive industry financing as banking partner of Uz-Daewoo Motors/GM Uzbekistan [1, 2]:

• Asakabank Joint-Stock Commercial Bank since Sep 8 1995 founding by Government of Uzbekistan + 2018 Asaka Bank Mobile Banking app launch + 2020s Uzbekistan banking sector liberalization.
• CBU regulated.

Sources

• 1 Asaka Bank — official
• 2 Asakabank — Wikipedia
• uz-cro In-corpus: reports/countries/UZ-uzbekistan.md

Source

Biography extracted from asaka-bank.md. See matrix.md for standards-support matrix if present.