The Banking sector driving investment: key reforms and new opportunities highlighted at Asakabank Investor Day
2025-11-08 09:00:00 / News
On November 8, Tashkent hosted Investor Day dedicated to the 30th anniversary of Asakabank. The event brought together representatives of government institutions, the banking system, the corporate sector, and international partners, serving as a platform for dialogue on the future of Uzbekistan’s financial ecosystem.
The business program opened with welcoming remarks by Ashot Osipyan, Chairman of the Supervisory Board, and Kudratilla Tulyaganov, Chairman of Asakabank Management Board, followed by presentations from the Investment Promotion Agency (IPA), and the Central Bank of Uzbekistan, which focused on macroeconomic trends and the country’s investment attractiveness.
Mansurjon Rasulev, Acting Director of the Investment Promotion Agency, emphasized that the banking sector has long been one of the main drivers of Uzbekistan’s economic transformation, laying the foundation for the development of the modern financial market. The country’s systemic reforms began with the liberalization of the foreign exchange market, the promotion of competition, and the enhancement of financial transparency. Today, banks play a strategic role in financing the real sector — from agriculture and machinery to processing and textiles.
“Uzbekistan’s banking system is undergoing a deep transformation — moving from state dominance toward a market-based model aligned with international standards of corporate governance. This shift opens new horizons for both strategic investors and the banks, which are becoming active participants in the investment market,” said Mansurjon Rasulev.
He noted that the next stage of reforms focuses on developing the capital market and upcoming IPOs, expected as early as 2026. These steps will introduce new instruments for attracting private and institutional investment, while creating opportunities for banks such as Asakabank to expand into investment banking and asset management.
The program also featured a presentation of Asakabank’s activities and success stories of its corporate clients, including UzAuto Motors JSC.
The participation of the Investment Promotion Agency highlighted its commitment to increasing institutional investment inflows, fostering dialogue with key players in corporate finance, and promoting innovative investment instruments that strengthen Uzbekistan’s financial ecosystem