On March 28, President Shavkat Mirziyoyev was presented with a plan to attract foreign investment to the capital of Asakabank and Uzpromstroybank. The importance of a strong banking system in the economy cannot be overstated. In the last three years, reforms in this area have doubled the volume of bank lending and increased the capital of banks by 1.6 times.

National banks have received international credit ratings and placed Eurobonds on global capital markets for the first time. The number of private banks has also increased, with prestigious banks from Hungary, Kazakhstan, Georgia, and Turkey entering the Uzbekistan market. The transformation of Ipoteka-Bank has led to strategic foreign investment.

Continuing this trend, 30 experienced international specialists have been hired by Asakabank and Uzpromstroybank to attract foreign investment. The banks aim to attract $125 million and $100 million respectively by 2023. They will introduce modern software and more than 100 new banking services.

As a result of these efforts, it is expected that by the end of 2027, Uzpromstroybank's income will increase by 1.61 times and its loan portfolio by 1.6 times. Deposits in Asakabank will rise by 1.71 times, and the bank's assets will increase by 1.72 times. The strengthened international reputation of Uzbekistan's banks will enhance their attractiveness to foreign investors and partners.

Following the presentation, the President instructed the banks to invite international consultants to this process, increase capital and attract additional investments.

Source: president.uz