At the Asian Development Bank’s (ADB) Trade Finance Program (TFP) awards ceremony on October 28, 2020, «ASIA ALLIANCE BANK» has recognized as the “Best Small and Medium Business Financing Bank of the Year”.
«ASIA ALLIANCE BANK» became a member of the ADB's Trade Finance Program in April 2020, in order to support trade transactions of small businesses and the private sector in Uzbekistan. In a short period, the Bank has already helped its customers to finance more than 10 trading operations through with this program.
As part of the Trade Finance Program, ADB annually awards its partner banks from different countries, because of a significant contribution to the development of their clients' businesses.
Due to pandemic conditions, the awards ceremony of 2020 was held in Singapore throughout the ZOOM online platform. According to the results of the presentation, «ASIA ALLIANCE BANK» has recognized as the winner in the nomination of "The best small and medium business project financing bank of the year". The project, which has recognized as a winner by ADB researchers, has funded to import greenhouse equipment from South Korea to grow genetically unmodified natural products. As a result, unused lands in Syrdarya region have been developed and many additional jobs have been created.
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- Source: Press Centre JSCB «ASIA ALLIANCE BANK»
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