We cooperate with International Financial Institutions and Foreign Banks
Cooperation with national export credit agencies
One of the main conditions for attracting credit lines from foreign banks is the availability of insurance coverage provided by National Export Credit Agencies such as ECA Euler Hermes (Germany), ECA SACE (Italy), ECA CESCE (Spain), etc.
Based on the results of the work carried out in this direction, ECA "Euler Hermes" (Germany) allocated a direct limit to Asaka Bank using which 15 projects were financed with the participation of banks Landes Bank Berlin AG, Commerzbank AG, HVB, Dresdner Bank AG.
With the participation of ECA CESCE (Spain), 4 projects were financed with the participation of the banks Banco Santander, ICO, Societe Generale (a representative office in Spain), of which 3 with the involvement of the Government Guarantee.
ECA "SACE" (Italy) allocated a limit through which 3 projects were financed with the participation of HVB Bank (an Italian representative office).
ECA EGAP (Czech Republic) provided insurance coverage for financing 1 project with the participation of RZB Bank (Czech Republic).
- International Finance Corporation - IFC
- Asian Development Bank - ADB
- Islamic Development Bank - IDB
- 2 credit lines from Landesbank Berlin AG (Germany)
- "Commerzbank AG" (Germany)
- "Dresdner Bank" (Germany)
- "Hypovereins Bank" (Germany)
- 2 credit lines from Banco Santander Setral Hispano (Spain)
- Societe Generale (Spanish office)
- Instituto de Credito Official (Spain)
- "Raiffeisen Bank" (Czech Republic)
with the participation of foreign banks
INFORMATION ON COMMERZBANK AG (GERMANIYA) CREDIT LINE AT ASAKA BANK
INFORMATION ON LANDESBANK AG (GERMANY) CREDIT LINE AT ASAKA BANK
INFORMATION ON KOREAN EXPORT-IMPORT BANK (SOUTH KOREA) CREDIT LINE AT ASAKA BANK
Credit line of "Commerzbank"
The Agreement for the provision of a new Credit Line for a total of EUR 40 million was signed on September 18, 2009 between A.G. Commerzbank and Asaka Bank. These funds will be used to finance the supply of technological equipment from European countries.
Credit line of ICDPS
Meetings were organized with representatives of the ICRChS during the visit of the delegation of Asaka Bank to the head office of the ICRChS in Jeddah during the period of September 2-6, 2013. During the meetings, the parties discussed current issues on the existing credit line, and the issues of attracting of an additional credit line by the bank, as well as options and prospects for further cooperation.
IDB’s credit line
On May 17, 2013, a joint letter of appeal to the IDB was prepared by four banks: Uzpromstroybank, Asaka Bank, JSCIB Ipoteka-Bank and OJSCB Asia Alliance Bank. The letter of appeal was sent to the IDB in order to maintain cooperation and attract a new credit line in the amount of USD 100 million.