Asaka bank
Asaka Bank is a Tashkent-headquartered Uzbek commercial bank founded in 1995, offering retail and corporate lending, deposits, cards, FX, and gold bullion sales through eight-plus regional branches, a mobile app, internet banking, and a 24/7 contact center.
- Company typePrivate
- Founded1995
- HeadquartersTashkent, Uzbekistan
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Asaka bank does
Asakabank AJ is a privately held Uzbek commercial bank headquartered in Tashkent, founded in 1995 and operating as a Joint Stock Company with 1,001-5,000 employees. The bank serves three customer segments — physical persons (retail individuals, primary), small businesses, and medium-to-large corporate clients — through a multi-channel distribution footprint that includes eight or more Bank Service Centers across Tashkent, Khorezm, Navoi, Fergana, Namangan, Bukhara, and Andijan regions, supplemented by a mobile application on iOS and Android, internet banking, a 24/7 contact center, and active social media channels on Telegram, Facebook, and Instagram.
The bank's product set spans consumer lending (Online Car Loan, Microloan 2.5/2.6 with a 5,000,000 UZS promotional prize draw, Educational Loan, and Qulay Makon Mortgage), deposit products, banking cards, domestic and international money transfers, foreign currency exchange (USD, EUR, RUB), and investment gold bar sales in 5-100 gram denominations at 999.9 purity. An Asaka Travel sub-brand extends the offering into travel services. Revenue is generated through traditional banking mechanics: net interest income on the loan book, transaction and FX fees, deposit float, and one-off gold bullion sales, supported by promotional, product-led acquisition tactics in retail.
Recent strategic activity is institutionally significant — the EBRD announced a planned 15% minority stake acquisition in 2026 as part of Uzbekistan's record $1bn+ EBRD funding in 2025 — but is offset by operational headwinds: the Central Bank of Uzbekistan placed Asakabank on the Q1 2026 list of top 10 commercial banks with the highest consumer complaint index, citing deficiencies in product information dissemination, claim processing speed, and digital service reliability.
Asaka bank firmographics
Firmographics- Name
- Asaka bank
- Legal name
- Asakabank AJ
- Website
- https://asakabank.uz
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Asaka Bank is a Tashkent-headquartered Uzbek commercial bank founded in 1995, offering retail and corporate lending, deposits, cards, FX, and gold bullion sales through eight-plus regional branches, a mobile app, internet banking, and a 24/7 contact center.
- Ownership category
- akta.pro rank
Asaka bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- Islamic SME & Commercial Banking (FSABAGAB)
- akta.pro secondary industry
- Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)
Keywords
Where Asaka bank is headquartered
LocationHeadquarters
- HQ city
- Tashkent
- HQ country
- Uzbekistan
- HQ region
- Asia
Offices8 records
Markets served
Asaka bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income: Traditional banking revenue from interest charged on loans including microloans, car loans, educational loans, and mortgages to retail and business customers.
- Transaction Fees: Fees generated from money transfers, card transactions, and other banking service transactions including acquiring services for merchants.
- Deposit Taking: Accepting customer deposits and using float for lending and investment activities.
- Foreign Exchange Services: Currency exchange services for customers with displayed exchange rates for USD, EUR, RUB against UZS.
- Gold Bullion Sales: Sale of gold bars in various denominations (5g, 10g, 20g, 50g, 100g) to customers through bank service centers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Microloan 2.5/2.6 |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Asaka bank product offering
Product offeringCore offering
Asaka Bank is a commercial bank in Uzbekistan that provides retail and corporate banking products including microloans, online car loans, educational loans, mortgages (Qulay Makon), deposits, debit and credit cards, domestic and international money transfers, foreign currency exchange (USD, EUR, RUB), and gold bullion sales (5g–100g, 999.9 purity). Services are delivered through a nationwide branch network, a mobile banking application (iOS/Android), internet banking, and a 24/7 contact center.
Product overview
Asakabank is a commercial bank in Uzbekistan offering a comprehensive suite of banking products and services through three main customer segments: Physical Persons (retail), Small Business, and Medium and Large Business. The retail offering includes loan products (Online Car Loan, Microloan 2.6, Educational Loan, and Qulay Makon Mortgage), Deposits, Cards, Money Transfers, and Currency Exchange. The bank also sells gold bars (5-100 grams) through its service center network. Digital services are delivered via the Asaka Bank Mobile App (available on iOS and Android) and Internet Banking platform. Additional services include Asaka Travel (travel offerings) and ESG-focused products. The bank operates across Uzbekistan with multiple service centers in regions including Tashkent, Khorezm, Navoi, Fergana, Namangan, Bukhara, and Andijan.
Differentiator
Problem solved
Functional benefit
Brands
- Asaka Travel: Travel services platform offering travel bookings and related services
Products and services
- Online Car Loan Online car financing product allowing customers to apply for and obtain vehicle loans digitally through Asaka Bank's internet and mobile channels. Targeted at individual retail customers seeking vehicle financing.
- Microloan 2.6
- Educational Loan
- Qulay Makon (Mortgage)
- Deposits
- Banking Cards
- Money Transfers
- Currency Exchange
- Gold Bullion Bars
- Asakabank Mobile App
- Asaka Travel
Companies that use Asaka bank
Customer profileSegments3 records
Ideal customer profiles3 records
Asaka bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Asaka bank partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights6 records
Asaka bank competitors and assessment
Company assessmentDirect peers
- Kapitalbank: One of Uzbekistan's largest privately-held commercial banks offering retail deposits, consumer loans, cards, money transfers, and corporate banking — directly comparable customer segments, product set, and multi-channel distribution to Asakabank.
- Hamkorbank: Uzbek commercial bank with a similar nationwide retail and SME footprint, mobile app, and consumer loan portfolio — a closely matched domestic peer for retail/SME banking and digital acquisition comparison.
- Ipak Yuli Bank: Privately-held Uzbek commercial bank serving retail and corporate customers with deposits, lending, cards, and digital banking — comparable in scale, segment mix, and channel strategy to Asakabank.
- Agrobank: Major Uzbek commercial bank with national branch coverage and full retail/corporate product suite — directly comparable as a large, multi-region Uzbek commercial bank serving similar customer segments.
- Aloqabank: Uzbek commercial bank offering retail loans, deposits, cards, and corporate banking with nationwide branches — a like-for-like domestic peer for segment, product, and distribution benchmarking.
- Turonbank: Uzbek commercial bank with full-service retail and corporate offerings including lending, deposits, and FX — directly comparable product mix and customer base to Asakabank within Uzbekistan.
Emerging players
- TBC Bank Uzbekistan: Digital-first banking entrant in Uzbekistan (subsidiary of TBC Bank Group), focused on mobile retail and SME banking — a key competitor on Asakabank's stated product-led growth and mobile-app acquisition terrain.
Broad incumbents
- Halyk Bank: Largest retail bank in neighboring Kazakhstan with a similarly broad retail/SME/corporate product suite and a large digital channel — a comparable Central Asian incumbent for cross-border benchmarking on digital transformation and DFI partnerships.
- Kaspi Bank: Kazakhstan's leading super-app banking and payments platform combining retail banking, payments, and marketplace services — a regional incumbent showing the upside trajectory of a digitally-led Central Asian bank that Asakabank could benchmark against.
Regional players
- Davrbank: Uzbek commercial bank with a retail and corporate offering focused on the domestic Uzbek market — a smaller-scale regional peer useful for benchmarking service quality, product set, and digital maturity within Uzbekistan.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Asaka bank social profiles
Digital presenceAsaka bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Asaka bank leadership team
Management profileNumber of profiles
Asaka bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Asaka bank funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Asaka bank M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Asaka bank
What does Asaka bank do?
Asaka Bank is a commercial bank in Uzbekistan that provides retail and corporate banking products including microloans, online car loans, educational loans, mortgages (Qulay Makon), deposits, debit and credit cards, domestic and international money transfers, foreign currency exchange (USD, EUR, RUB), and gold bullion sales (5g–100g, 999.9 purity). Services are delivered through a nationwide branch network, a mobile banking application (iOS/Android), internet banking, and a 24/7 contact center.
Is Asaka bank a public or private company?
Asaka bank is a private company. It is classified as venture growth investor backed and is currently operating.
When was Asaka bank founded?
Asaka bank was founded in 1995. It employs 1,001 to 5,000 people.
Where is Asaka bank based?
Asaka bank is headquartered in Tashkent, Uzbekistan, in the Asia region.
How does Asaka bank make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are transaction Fees, deposit Taking, foreign Exchange Services and gold Bullion Sales.
Who are Asaka bank's main competitors?
Direct peers on record are Kapitalbank, Hamkorbank, Ipak Yuli Bank, Agrobank, Aloqabank and Turonbank. TBC Bank Uzbekistan is listed as an emerging player. Broad incumbents are Halyk Bank and Kaspi Bank. Davrbank is listed as a regional player.
Does Asaka bank have an API?
No public API is recorded for Asaka bank.
What industry is Asaka bank in?
Asaka bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAGAB, Islamic SME & Commercial Banking, with a secondary code of FSABAGAF, Islamic Transaction Banking (Cash Management & Treasury Services). Its NAICS code is 52211 and its SIC code is 6021.