^LONDON, May 22, 2026 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP
is pleased to announce another graduation in Uzbekistan after the
Company funding from OeEB, the Austrian Development Bank,
in support of Asia Alliance Bank.
Asia Alliance Bank CEO Umidjon Abduazimov commented
comments on the transaction as follows: This new credit facility in the amount of 15
million US dollars represents an important step in further development
of the bank and will expand financing for SMEs
Support women entrepreneurs and green projects in Uzbekistan that are for
the country’s economy is becoming increasingly important. The transaction
also reflects the bank’s continued growth and diversification
international sources of funding and their commitment to funding
a sustainable development of the private sector in Uzbekistan.
At the same time, this collaboration underlines the growing trust
international institutions for development finance both in Asia
Alliance Bank as well as in the Uzbek banking sector and the economic
potential of the country as a whole.”
Sabine Gaber, CEO and member of the Board of Directors of OeEB, also commented
of the transaction and explained:?Our partnership with Asia Alliance Bank
is a great fit for us as it represents three central focuses of our strategy
united: improving access to finance for underserved MSMEs,
promoting gender equality by supporting
Women-owned companies and the promotion of investments in green
Financing that contributes to a more sustainable economy. With this
Investment we want the long-term economic integration
Resilience and job creation across Uzbekistan
support financially.”
Sajeev Chakkalakal, Managing Director and Head of Investment Banking at
Emerging Markets Global Advisory LLP (EMGA):?It was a pleasure working together
to work with AAB on this first transaction and this innovative
Financing for the SME sector and the environmental sector in Uzbekistan
enable economy. In addition, we have the opportunity very much
appreciated to work again with OeEB, which is the leading one
Development financing institution has long been repeatedly included in ours
Transactions invested worldwide.”
Jeremy Dobson, Managing Director and Head of Operations at Emerging
Markets Global Advisory LLP (EMGA), explains:?AAB is a fast emerging
player in the highly competitive Uzbek banking sector, and we are proud to
to have enabled another step on their growth path.”
Asia Alliance Bank (AAB) is a leading private commercial bank in Uzbekistan,
which offers a wide range of services in the areas of corporate customers, SMEs,
offers trade finance, treasury and retail banking. The 2009
The bank founded has established an excellent reputation for funding across the country
of entrepreneurship, international trade and the development of the
acquired from the private sector. Asia Alliance Bank has been included several times
international awards for SME financing and innovation
awarded and builds their competencies in the area of digital banking as well as their
international partnerships continue to expand.
OeEB was founded in March 2008 as the development bank of the Republic of Austria.
As part of its public mandate, OeEB is committed to better
Living conditions in developing countries. OeEB operates in markets in
where companies often have no or only limited access to what they urgently need
Have capital – both debt and equity. investments in these
Projects create jobs; these projects increase tax revenue and
bring foreign currency into the country. OeEB is wholly owned
Subsidiary of the Austrian Control Bank (OeKB).
Emerging Markets Global Advisory LLP (EMGA), is an emerging market advisory firm
specialized boutique investment bank with offices in New York and
London. It supports financial institutions and companies as well
Project financiers who are looking for new debt or equity capital.
EMGA provides services to clients in many of the rapidly developing
economies of the world, including Uzbekistan, which continues to unite
represents a key market. With a proven track record in the
areas of capital raising and strategic advice across various areas
Across economic cycles, EMGA expands its geographic reach and
Further expanding its range of services and thus consolidating its position on the market
one of the industry’s leading investment banks with a focus on
emerging markets.
Contact [email protected]
(mailto:[email protected])
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