Uzbekistan has high investment activity, and many economic projects are being implemented. Accordingly, banks are increasingly involved in these processes.

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

In particular, Asakabank plans to raise and fully utilize $2.1 billion for projects this year. The bank has formed projects worth $3 billion in the pharmaceutical and automotive industries.

Also, with Asakabank’s participation, it is planned to involve 285 thousand people in entrepreneurship and support their business initiatives.

According to a presentation from the Business Development Bank, $1.5 billion will be raised in 2024 for entrepreneurial support programs and investment projects. Of this, $225 million will be raised from international financial institutions. By using these funds, more than 47 thousand micro-projects will be implemented 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 will cover more than 70 thousand people.

Thanks to the state’s active foreign policy, numerous agreements have been reached with partner countries and international structures. In particular, with the participation of Asakabank, 87 investment projects worth $772 million will be implemented, and the Business Development Bank will have 45 projects worth $485 million.

The presentation also provided information on the progress of these important projects. The President emphasized that banks should support their clients and help at every stage of project implementation.

The Head of state emphasized that banks must work specifically with all clients and provide assistance at every stage of the project, which should result in the creation of new jobs and the reduction of poverty in mahallas.

It was noted that banks need to organize their work in a new way so that they become not just centers for providing loans but also modern investment and commercial structures that implement promising projects and sell them to entrepreneurs as ready-made businesses.

The issues of digitalization of processes for supporting small and medium-sized businesses, increasing their transparency, and introducing modern software solutions and innovations were also considered at the presentation.