The Central Securities Depository of the Republic of Uzbekistan carried out an assessment of corporate governance system of ASIA ALLIANCE BANK in order to confirm compliance of current system and corporate governance practice with the Corporate Governance Code.

The assessment was carried out in accordance with methodology of carrying out assessment of corporate governance system which was developed by the SE “Central Securities Depository” in compliance with the Questionnaire for carrying out assessment of corporate governance system which was approved by the State Competition Committee of the Republic of Uzbekistan and Scientific and Educational Center for Corporate Governance as of July 25, 2016.

As the results of the assessment, the corporate governance system of ASIA ALLIANCE BANK received HIGH mark with a score of 941, which is 41.5 percent higher than for the previous year.

Based on the results of the assessment, it was provided recommendations for further improvement of corporate governance system of the Bank.

Conclusion on assessment of the Corporate Governance System of ASIA ALLIANCE BANK