TRANSKAPITALBANK participated in arrangement of syndicated loan facility for Bank Asaka (Uzbekistan)

  • 06.03.2020
    Bank news
    TRANSKAPITALBANK participated in arrangement of syndicated loan facility for Bank Asaka (Uzbekistan)

    TRANSKAPITALBANK (TKB) participated as Lead Arranger in syndicated loan facility for the sate-owned Bank Asaka (Uzbekistan) amounting to EUR 100 mln. The deal is structured as dual currency tranches.

    The loan is granted for general corporate purposes and financing of the trade contracts of the Bank Asaka’s customers.

    Alfa-Bank (Russia), Ak Bars Bank (Russia), Sovcombank (Russia), International Bank for Economic Co-operation, Russian Regional Development Bank (Russia), Asian-Pacific Bank  (Russia), Bank ZENIT (Russia), Woori Bank (Russian subsidiary bank of Woori Bank, Korea), Banca Intesa (Russian subsidiary bank of the Intesa Sanpaolo Group, Italy), Altyn Bank (Kazakh subsidiary of CITIC Bank Corp., China), Belagroprombank (Belarus), Halyk Bank (Kazakhstan), Sviaz-Bank (Russia), National Standard Bank (Russia), Uralsib Bank (Russia) and others also joined this deal as Lead Arrangers.

    Elena Shirinskaya, Deputy Chairman of the Management Board outlined: “Uzbekistan became a driver of growth in Central Asia thanks to vast economic reforms in the country. Lots of investors including World Bank, EBRD, ADB etc. are very interested in investments into Uzbekistan”.

    TKB is a key partner of integration processes EAEU and CIS. Arrangement of syndicated loan facilities for financial institutions of EAEU/CIS is one of the main business lines within program “Bank for Banks” along with multicurrency settlements, treasury operations, trade finance business on blank basis and under guarantee of EBRD, IFC, ADB and EXIAR. In 2019 TKB together with Promsvyazbank arranged 2 debut syndicated loan facilities for the state-owned Uzbek banks Agrobank and Qishloq Qurilish Bank.
To list