«Asaka» bank (PC) implements project financing of investment projects directed to the construction of new and enlarging, modernization, extension of production (including acquisition of equipment, materials, samples of new items, other tangible properties and technologies).

Bank finances economically perspective, cost efficient projects.

Term of credit usage depends on the term of the project recoupment but not more than 10 years. Borrowings for terms, exceeding 10 years, can be presented in exclusive cases by Decrees of Ministers Board or at the expense of attracted credit lines of foreign banks and other international finance institutions (according to the terms defined by relevant Decrees of Ministers Board and credit agreements).

Mortgage of personal and real assets, guarantees of third persons, guarantees of Government of the Republic of Uzbekistan, insurance organizations and banks and other types of provision not prohibited by the legislation of the Republic of Uzbekistan can be accepted as bank provision.

Bank does not give the following credits:

• credits for political issues;
• credits for financing of arms, ammunition, explosives, drugs or psychotropic (exclusive cases allowed by legislation);
• credits, provided by non-liquid and with low income securities;
• credits to borrowers who was declared bankrupt;
• credits for the non legal purposes;
• credits to legal persons of other countries;
• credits against unmarketable, old, incomplete, not standard, non qualitative values.

Bank politics provides the refuse for credit issue:

• to local authorities institutions and budget organizations (excluding cases stipulated by acting legislation of the Republic of Uzbekistan);
• to unprofitable enterprises or enterprises having delinquent debts;
• to public organizations not implementing course of business.

Means of foreign banks and other finance institutions under guarantees of export-credit agencies of relevant countries can be sources of investment projects crediting.

Bank also uses syndicated crediting for the purposes of project realization on project financing.

Project accepted for financing shall be provided by TEO project confirmed in defined order, full construction documents and contracts and agreements on required technical equipment set deliver completed in a proper way, contract works and other agreements providing normal commissioning and industrial-commercial project activity.

“Asaka” Bank (PC) is interested in realization of enterprises investment projects, including for subjects of small and private business. Project finance department and Bank subsidiaries are ready to assess and support within all stages of investment projects realization.

Contact phone numbers:

Project finance department:

120-39-52; 120-39-51; 120-39-53
120-39-56; 120-39-58; 120-39-88
120-39-55 (fax)