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About bank

JSCB «ASIA ALLIANCE BANK»

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«ASIA ALLIANCE BANK» is a young and dynamically developing bank in the Republic of Uzbekistan.

The Bank operates under the License for performing bank operations issued by the Central Bank of the Republic of Uzbekistan No.79 as of August 15, 2009.

В2
Stable
International rating
The international rating agency Moody's Investors Service confirmed the long-term credit ratings of ASIA ALLIANCE BANK at B2, with a stable outlook.
uzА+
Stable
National rating
In February 2022 rating agency “Ahbor-Reyting” confirmed the Bank individual credit rating by the national scale “uzА+” with forecast “Stable”.
In 2024 year
  • On February 20, 2024, in London, the bank was presented with the award: “Best Bank for Small and Medium Enterprises (SMEs) 2024 in Uzbekistan”.
  • On February 12, 2024, in the city of Jeddah, at the head office of the International Islamic Trade Finance Corporation (ITFC), a signing ceremony was held between ASIA ALLIANCE BANK and ITFC.
  • In the end of 2023, between Symbiotics Investments and JSCB “ASIA ALLIANCE BANK” was signed loan agreement to finance micro, small and medium enterprises (MSME) in the Republic of Uzbekistan in the local currency. This facility is funded in the beginning of 2024 through the issuance of a bond via Symbiotics Investments sponsored bond issuance platform (Micro, Small & Medium Enterprises Bonds S.A.) domiciled in Grand Duchy of Luxembourg.
In 2023 year
  • Was awarded for the «Most Innovative Bank in CIS».
  • Was awarded for the «Deal of the Year 2022».
In 2022 year
  • On October 18, 2022, ASIA ALLIANCE BANK was recognized as "the Best Bank for SMEs in Uzbekistan" according to Global Finance -international financial magazine.  The editors of Global Finance selected the winners for the Best SME Bank Awards based on entries submitted by banks and independent research, with input from industry insiders, executives, and technology experts. The winners are those banks that best meet the specialized needs of SMEs in their markets.
  • For the second consecutive year, ASIA ALLIANCE BANK was awarded as "The Best Bank for SMEs in Uzbekistan" in 2022 by the international financial magazine ASIAMONEY.
In 2021 year
  • The prestigious British publication The Banker, during the annual Bank of the Year Awards ceremony on December 1, 2021, named JSCB “ASIA ALLIANCE BANK” “Bank of the Year in Uzbekistan”. The winners of this competition were selected based on financial performance, social activity, banking technologies, and new products/services launched by banks. Current award of JSCB “ASIA ALLIANCE BANK” is the fourth in this nomination of The Banker magazine.
In 2020 year
  • At the Asian Development Bank’s (ADB) Trade Finance Program (TFP) awards ceremony, «ASIA ALLIANCE BANK» has recognized as the “Best Small and Medium Business Financing Bank of the Year”.
  • The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and «ASIA ALLIANCE BANK» from Uzbekistan signed an agreement providing guarantees to support trade in the country.
  • «Global Finance» the 7th time in a row awarded «ASIA ALLIANCE BANK» as the best bank in Uzbekistan among the World's Best Banks in Asia-Pacific 2020.
In 2019 year
  • «ASIA ALLIANCE BANK» received an award «Bank of the 2019 year in Uzbekistan»
  • Bank established correspondent relations with Bank of New York Mellon (USA).
  • Bank established correspondent relations with Aktif Yatirim Bankasi.A.S. (Turkey).
  • Mini bank “Yunusabad” is opened.
  • «ASIA ALLIANCE BANK» offers services on plastic cards MasterCard.
  • We have opened Fergana branch.
  • Launching of «HUMO» plastic cards.
  • Was awarded for the «Deal of the Year 2018».
  • Became the holder of Certificate of quality management system in accordance with the requirements set in ISO 9001:2015.
In 2018 year
  • Mini bank “Algoritm” is opened.
  • Mini bank “Dustlik” is opened.
  • JSCB "ASIA ALLIANCE BANK" signed the first individual loan agreement in Uzbekistan with the German banking consortium AKA Ausfuhrkredit-Gesellschaft mbH to finance technological equipment, covered by not only the national export agency (ECA) Euler HERMES, but also other European ECAs.
  • Mini bank “Tansikboev” is opened.
  • Bank established correspondent relations with UniCredit S.p.A. (Italy)
  • Mini bank “Innovation” is opened.
  • ASIA ALLIANCE BANK JSCB and International Islamic Trade Finance Corporation, a member of the Islamic Development Bank, signed a $ 9 million trade finance agreement, according to the principle of "Murabaha".
  • An agreement has been signed between ASIA ALLIANCE BANK JSCB and World Bank (International Bank for Reconstruction and Development) for Implementation of the Energy Efficiency Increase of Enterprises of the Republic of Uzbekistan.
  • ASIA ALLIANCE BANK was awarded the "Most innovative bank" award from Thomson Reuters.
  • «Global Finance» the 5th time in a row awarded «ASIA ALLIANCE BANK» as the best bank in Uzbekistan among the World's Best Banks in Asia-Pacific 2018.
  • We have opened Chilanzar branch.
In 2017 year
  • Bank of The Year Awards Ceremony was held by the international magazine “The Banker” in London. «ASIA ALLIANCE BANK» was announced as «Bank of the 2017 year in Uzbekistan».
  • Bank established correspondent relations with PJSC «TransKapitalBank» (Moscow, Russia).
  • «Global Finance» the 4th time in a row awarded «ASIA ALLIANCE BANK» as the best bank in Uzbekistan among the World's Best Banks in Asia-Pacific 2017
In 2016 year
  • Moody's Investors Service upgraded the long-term local and foreign-currency deposit ratings of ASIA ALLIANCE BANK to B3 from B2. Outlook on all long term ratings is stable.
  • We have opened Samarqand branch.
  • Bank of The Year Awards Ceremony was held by the international magazine “The Banker” in London. «ASIA ALLIANCE BANK» was announced as «Bank of the Year in Uzbekistan».
  • “ASIA ALLIANCE BANK” started to use a trading platform of new generation named «FX TRADING» and also information-analytical platform «EIKON».
  • International Financial Magazine «Euromoney» recognized “ASIA ALLIANCE BANK” as the best bank in Uzbekistan and presented “Awards for Excellence 2016”.
  • We have opened Bukhoro branch.
  • «Global Finance» awarded «ASIA ALLIANCE BANK» as the best bank in Uzbekistan among the World's Best Emerging Markets Banks in Asia-Pacific 2016.
  • «ASIA ALLIANCE BANK» was awarded the Best Trade Finance Provider Bank in Uzbekistan by international finance magazine «Global Finance».
In 2015 year
  • Mini bank “Orzu” is opened in Karshi.
  • JSCB “ASIA ALLIANCE BANK” was awarded by Commerzbank AG, Germany, for the excellent cooperation in trade business.
  • Mini bank “Oltintepa” is opened.
  • Mini bank “Minor” is opened.
  • «Global Finance» awarded «ASIA ALLIANCE BANK» as the best bank in Uzbekistan among the World's Best Emerging Markets Banks in Asia-Pacific 2015.
In 2014 year
  • National Rating Agency "Ahbor-Reyting" upgraded the Bank's credit rating on the national scale to the level of "uzA +" with "stable" outlook.
  • Landesbank Baden-Württemberg and ASIA ALLIANCE BANK concluded the Basic Loan Agreement.
  • We have opened Mirobod branch.
  • Open Joint Stock Commercial Bank «ASIA ALLIANCE BANK» was renamed into Joint Stock Commercial Bank «ASIA ALLIANCE BANK».
  • Landesbank Berlin AG and ASIA ALLIANCE BANK concluded the Basic Loan Agreement.
  • «Global Finance» awarded «ASIA ALLIANCE BANK» as the best bank in Uzbekistan among the World's Best Emerging Markets Banks in Asia-Pacific 2014.
  • «ASIA ALLIANCE BANK» launched China UnionPay Classic international plastic cards.
In 2013 year
  • Bank established correspondent relations with «Agricultural Bank of China Limited» (Beijing, China).
  • Bank established correspondent relations with «Kookmin Bank», Korea.
  • Bank established correspondent relations with «Bank of China» , China.
  • The system of money transfers "Leader" was launched.
  • Mini bank “Chuqursoi” is opened.
  • The system of money transfers "Caspian Money Transfer" was launched.
  • We have opened Mirzo Ulugbek branch.
  • Bank established correspondent relations with Development Bank of Singapore (DBS), Singapore.
  • We have opened Olmazor branch.
In 2012 year
  • Bank established correspondent relations with Landesbank Baden-Wurttemberg (LBBW) Germany.
  • We have opened Karshi branch.
  • We have opened Shaykhontokhur branch.
  • «ASIA ALLIANCE BANK» offers services on plastic cards "Visa".
  • The system of money transfers "MoneyGram" was launched.
In 2011 year
  • Private Open Joint Stock Commercial Bank «ASIA ALLIANCE BANK» was renamed into Open Joint Stock Commercial Bank «ASIA ALLIANCE BANK».
  • International rating agency Moody's Investors Service has assigned POJSCB «ASIA ALLIANCE BANK» self-rating with "stable" forecast.
  • Bank established correspondent relations with OJSC "Alfa-Bank" - one of the largest banks in Russia
  • Bank has registered a new Internet banking system - "IB2".
  • National Rating Agency «Ahbor-Reyting» upgraded the Bank's credit rating under the national scale from the level "UzB +" to "UzB + +" with "stable" forecast.
  • Opening of the center of retail services "Dunyo".
  • The Bank has entered into the membership of the International Payment System "VISA"
  • The system of money transfers "Private Money" was launched.
In 2010 year
  • Center opened retail services "Chor-Su".
  • The system of money transfers "GOLDEN CROWN" was launched.
  • The system of money transfers "Anelik" was launched.
  • Established correspondent relations with OJSCB «Asia-Invest bank» (Moscow, Russia), OJSCB "Promsvyazbank" (Russia) and Commerzbank AG (Germany, Frankfurt).
  • Contains information about "Asia Alliance Bank" on the site Bankersalmanac.com
  • Opening of retail services "LABZAK" "Asia Alliance Bank" at: 100128, Uzbekistan, Tashkent, ul. Shayhontahurskaya, 36
  • The systems of money transfers "Western Union" and "Asia- Express" were launched.
  • S.W.I.F.T. system was introduced for international financial document exchange (S.W.I.F.T: ASACUZ22)
  • Bank received an award on the nomination of “For active using of informational technologies”.
  • Bank participated at the annual National Exhibition of banking technologies, equipment and services “BANKEXPO 2010”.
  • BETA version of a newly developed banking service “Alliance IVR” was launched for the clients.
  • Bank received a General license for performing operations with foreign currency.
  • “UzCard” system was enabled.
  • The system of "Online Bank".
In 2009 year
  • A new banking service “Alliance E-Mail” was launched.
  • Bank signed an agreement with the Citizens’ Deposits Guarantee Fund.
  • Bank became a member of the Banking Association of Uzbekistan.
  • Bank received a license No.79 for performing bank operations issued by the Central Bank of the Republic of Uzbekistan

Financial statements The total assets of the Bank as of December 31, 2022 amounted to 6 112 billion soums.

The total capital of the Bank amounted to 571 billion soums.

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Due to its sound strategy, consistent financial policy, adherence to the values of civilized business operations the Bank has gained a reputation of strong and reliable partner.
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