President Signs Decree to Accelerate Privatization of Asakabank
The President of Uzbekistan signed a decree on April 20 regarding additional measures to accelerate the privatization of Asakabank. The document envisages the transformation of the bank, preparation for the sale of a stake to a strategic investor, and the involvement of the European Bank for Reconstruction and Development (EBRD). This decision is based on an agreement signed between the Ministry of Economy and Finance, the EBRD, and Asakabank, which includes improving the bank's operational efficiency and capitalization, as well as the possibility of the EBRD acquiring a 15% stake.











