EMGA Arranges USD 15M Financing For Asia Alliance Bank From OeEB

LONDON, May 22 (Bernama) -- Emerging Markets Global Advisory LLP is delighted to announce yet another closing in Uzbekistan having secured funding from OeEB, the Development Bank of Austria, to support Asia Alliance Bank.

Commenting on the transaction, Asia Alliance Bank’s CEO, Mr. Umidjon Abduazimov, said: “This new USD 15 million facility represents an important step in the Bank’s ongoing development and will support the further expansion of financing for SMEs, women entrepreneurship, and green projects in Uzbekistan, which are becoming increasingly important across the country’s economy. The transaction also reflects the Bank’s continued growth, diversification of international funding sources, and commitment to supporting sustainable private sector development in Uzbekistan. At the same time, this cooperation demonstrates the growing confidence of international development finance institutions in both Asia Alliance Bank and Uzbekistan’s banking sector and economic potential overall.