TASHKENT, Uzbekistan, January 2. The European
Bank for Reconstruction and Development (EBRD) plans to acquire a
15% stake in Uzbekistan’s state-owned Asakabank as part of its
preparation for privatization, Trend reports via the country’s Ministry of Economy
and Finance.
According to the ministry, an agreement outlining the key
commercial terms of Asakabank’s privatization was signed by the
Ministry of Economy and Finance on behalf of the Uzbek government,
the EBRD, and Asakabank, aimed at strengthening institutional
cooperation.
Subject to the full completion of agreed conditions, including
transactional, regulatory, and corporate legal requirements, the
EBRD plans to enter Asakabank’s shareholder structure in 2026.
Earlier, EBRD approved a loan of up to $30 million for
Uzbekistan's Hamkorbank to support the expansion of green financing
in Uzbekistan.
The financing is being provided under the Uzbekistan Green
Economy Financing Facility II (GEFF II Uzbekistan) and is aimed at
improving access to green finance for micro-, small-, and
medium-sized enterprises (MSMEs), as well as households, while
promoting green innovation across the country.
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