OREANDA-NEWS. November 17, 2008. Asaka state joint stock commercial bank (Asaka Bank) will double its charter capital in 2008-2009, the resolution of the President of Uzbekistan Islam Karimov "On measures for further improvement of investment activity of Asaka state joint stock commercial bank" said.

The document said that the charter capital of the bank will increase by 147.1 billion soums to 300 billion soums in 2008-2009.

At the same time, Ministry of Finance of Uzbekistan will buy stocks of the bank for 49.6 billion soums and the Fund for Reconstruction and Development of Uzbekistan will purchase shares for 50 billion soums. Uzavtosanoat will acquire stocks for 47.5 billion soums.

The document also set main priorities of Asaka Bank, which included assistance in modernization and re-equipment of production capacities in Uzbekistan, attraction of foreign investments and credits, improvement of banking services, as well as expansion of leasing services.