Trade finance

Asaka Bank is actively working in the field of trade finance, in particular, short-term credit lines up to 1 year are currently being used for export-import operations of such leading banks as JP Morgan Chase (USA), CITIBANK (USA), Korea Exim Bank (Republic Korea), UBS AG (Switzerland), Commerzbank AG (Germany), UBAF (Republic of Korea), SMBC (Japan), RBI AG (Austria), Unicredit (Italy) and other international financial institutions. The total amount of all credit lines provided in the field of trade finance from foreign partners exceeds USD 500 million. Within the framework of these credit lines, letters of credit are regularly confirmed by such clients as JSC “Uzavtosanoat” enterprises (including JSC “GM Uzbekistan”), JSC “Uzkimyosanoat” enterprises, JSC “Uzagrotekhsanoatholding” enterprises and others.

The main volume of trade transactions falls on suppliers from such countries of the world as South Korea, Germany, Russia, India, Turkey, Switzerland, Italy, etc..