On May 29, President Shavkat Mirziyoyev reviewed a presentation on the activities of Asakabank and the Business Development Bank in attracting investments and supporting small and medium-sized businesses.

Our country is seeing a significant increase in investment activity, leading to the implementation of numerous economic projects. Accordingly, banks are progressively involved in these processes.

The plans of Asakabank and the Business Development Bank for the current year were discussed during the presentation.

Particularly, Asakabank plans to attract 2.1 billion USD for various projects and fully utilize these funds within the year. The bank has developed projects worth 3 billion USD in the pharmaceutical and automotive industries.

Also with the participation of Asakabank, it is intended to support the business initiatives of 285,000 residents.

As per the Business Development Bank's presentation, in 2024, a total of 1.5 billion USD will be attracted to entrepreneur support programs and investment projects. Among these, 225 million USD will be sourced from international financial institutions. The utilization of these funds is expected to facilitate the realization of over 47,000 micro-projects by the end of the year.

Also, by financing business ideas of the population, it is planned to organize the activities of 380 thousand self-employed and individual entrepreneurs. The bank’s training programs are planned to cover more than 70 thousand people.

Through the active foreign policy of our state, agreements have been reached with numerous partner countries and international structures. In particular, Asakabank's involvement will lead to the realization of 87 investment projects, totaling 772 million USD, while the Business Development Bank will handle 45 projects worth 485 million USD.

Information about the implementation of these important projects was also provided in the presentation.

Banks are reorganizing their operations to not only serve as credit distribution centers but also as modern investment and trade platforms that actively implement their own viable projects, providing them to entrepreneurs as ready-to-go business ventures. The presentation also addressed issues of digitalization of processes for supporting small and medium-sized businesses, increasing their transparency, and introducing modern software solutions and innovations.