# Asaka Bank (Uzbekistan)

> Source: https://docs.barcoder.ai/docs/wallets/asaka-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Asaka Bank — official](https://www.asakabank.uz/)

## Overview

**Asaka Bank (Uzbekistan)** is **Uzbekistan's #2 commercial bank by assets** + **Uzbek government Uzbekistan Republic National Bank of Foreign Economic Activity (NBU) + Ministry of Finance majority controlling** + **specialized in automotive industry financing as banking partner of Uz-Daewoo Motors/GM Uzbekistan** <sup>[1][1], [Uzbekistan report](https://docs.barcoder.ai/docs/payments/UZ)</sup>.

## History

**Sep 8 1995 — Asakabank founded by Government of Uzbekistan as banking partner of Uz-Daewoo Motors (now GM Uzbekistan) automotive industry** distinctive Uzbek banking heritage.

**2018 — Asaka Bank Mobile Banking app launch** distinctive Uzbek mobile banking strategy.

**2020s — Uzbekistan banking sector liberalization + Asaka Bank IPO preparation post-Tashkent Stock Exchange listing announcements**.

## Ownership & operator

**Operating entity**: **Asakabank Joint-Stock Commercial Bank** (Uzbekistan's #2 commercial bank by assets; Uzbek government Uzbekistan Republic NBU + Ministry of Finance majority controlling).

**Major shareholders**: **Uzbekistan Republic National Bank of Foreign Economic Activity NBU + Ministry of Finance + Uzbek government via Uzbekistan Fund for Reconstruction and Development UFRD + minority Uzbek institutional investors**.

**Regulators**: **CBU (Central Bank of Uzbekistan)**.

## Technical integration

Asaka Bank Mobile Banking app (iOS + Android) + asakabank.uz online + Asaka Bank branch network across Uzbekistan + Asaka Bank Visa + Mastercard + Humo + UzCard cards; Uzbekistan IBAN + Humo (Uzbek national payment system) + UzCard (Uzbek card payment network).

## Implementations & partners

**Major Uzbek banking + payments competitors**: National Bank of Uzbekistan (National Bank for Foreign Economic Activity of Uzbekistan; Uzbekistan's largest state-owned commercial bank by assets) + [Ipoteka Bank Uzbekistan](https://docs.barcoder.ai/docs/wallets/ipoteka-bank-uz) (Ipoteka Bank Uzbekistan; OTP Hungarian parent post-Sep 2023 acquisition) + [Hamkorbank Uzbekistan](https://docs.barcoder.ai/docs/wallets/hamkorbank) (Hamkorbank Uzbek private commercial bank) + [TBC Bank (Georgia + Uzbekistan)](https://docs.barcoder.ai/docs/wallets/tbc-bank) (TBC Uzbekistan; TBC Bank Georgian parent + Uzbek digital banking subsidiary) + Uzpromstroybank (Uzbek Industrial Construction Bank; Uzbek state-owned commercial bank) + [Click Uzbekistan](https://docs.barcoder.ai/docs/wallets/click-uzbekistan) (Click Uzbekistan mobile payment app) + [Payme Uzbekistan](https://docs.barcoder.ai/docs/wallets/payme-uzbekistan) (Payme Uzbekistan mobile payment app).

**Regulator**: CBU.

## Status

**Active, Uzbekistan's #2 commercial bank by assets + Uzbek government majority controlling + specialized in automotive industry financing as banking partner of Uz-Daewoo Motors/GM Uzbekistan** <sup>[1][1], [2][2]</sup>:
- **Asakabank Joint-Stock Commercial Bank** since Sep 8 1995 founding by Government of Uzbekistan + 2018 Asaka Bank Mobile Banking app launch + 2020s Uzbekistan banking sector liberalization.
- **CBU regulated**.

## Sources

[1]: https://www.asakabank.uz/en "Asaka Bank — official"
[2]: https://en.wikipedia.org/wiki/Asakabank "Asakabank — Wikipedia"
[uz-cro]: https://docs.barcoder.ai/docs/payments/UZ

- [1] [Asaka Bank — official][1]
- [2] [Asakabank — Wikipedia][2]
- <sup>[Uzbekistan report](https://docs.barcoder.ai/docs/payments/UZ)</sup> In-corpus: `reports/countries/UZ-uzbekistan.md`

## Source

Biography extracted from [asaka-bank.md](https://docs.barcoder.ai/source/wallets/asaka-bank). See `matrix.md` for standards-support matrix if present.