BAKU, Azerbaijan, Apr. 3
By Ilkin Seyfaddini – Trend:
In the contest "Best Bank of 2020" held by AsiaMoney magazine (Best Bank Awards 2020), Uzbekistan's Asaka Bank was named the winner in the 'Bank that provided the best services to small and medium businesses nomination', Trend reports with reference to AsiaMoney magazine.
The experts of the publication, highly appreciated the indicators and dynamics of the bank's development.
To date, the bank is the second largest in the country, with assets reach 35 trillion soums ($3.7 billion).
Over the last year Asaka Bank financed 11,250 projects of small and medium businesses. To form the largest loan portfolio of financed projects of small and medium business in the country, the bank has been able to constantly improve its product line in accordance with market needs, as well as an effective approach to lending, modernization and automation of internal business processes.
The Best Bank contest is traditionally held annually by AsiaMoney magazine, among banks of Asia-Pacific countries. At the same time, the main goal is to evaluate the active activity of the banks of each country over the past year.
Winners are encouraged in such nominations as "Best Local Bank", "Best Corporate and Investment Bank", "Best International Bank", "Bank Providing Best Services to Small and Medium Enterprises", "Best Digital Bank", "Best Bank in terms of Corporate Social Responsibility" and "Best Bank in Providing Microfinance Services".
AsiaMoney is a division of the global media group Euromoney Institutional Investor PLC, whose majority shareholder is London's Daily Mail and General Trust Group.
AsiaMoney reports and offers financial and investment market analysis to capital issuers, borrowers, institutional investors and senior corporate and government decision makers with business interests in the Asia Pacific region.
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