Aloqabank

Aloqabank is a commercial banking and financial-services institution headquartered in Tashkent, Uzbekistan. It was established on 12 October 1994 under Resolution No. 502 of the Cabinet of Ministers of the Republic of Uzbekistan. Its original institutional purpose was to support the development of the country’s telecommunications industry, but its business subsequently broadened into general banking for enterprises, small businesses, private entrepreneurs, and individual customers. The bank’s activities cover both retail and corporate banking. Retail services described in available reference material include deposit-taking, lending, debit cards, automated teller machines, domestic and international payments, settlements, and money-transfer services. Corporate banking activities include acceptance and discounting of bills, financial-bond issuance, letters of credit, guarantees, and corporate card services. These activities place Aloqabank within Uzbekistan’s domestic full-service banking sector rather than among internationally branded consumer banks. Aloqabank has participated in several elements of Uzbekistan’s financial infrastructure, including the Uzbekistan Banking Association, the national currency-exchange system, the fund that guarantees citizens’ bank deposits, the Tashkent Republican Stock Exchange, Uzbekistan’s national payment system, SWIFT, and VISA. The available reference material describes a distribution network extending across Tashkent, the regions of Uzbekistan, and the Republic of Karakalpakstan. At the time covered by that material, the network consisted of 14 branches, 23 minibanks, 105 operational cash offices, and 22 international money-transfer offices, serving approximately 350,000 customers. The bank’s ownership structure and current management require verification from up-to-date Uzbek regulatory or corporate disclosures. Historical material identifies Kammuna Irisbekova as chairman of the board and chief executive after confirmation by the general meeting of shareholders in September 2017. It also identifies Sherzod Shermatov as chairman of the supervisory board while serving as acting minister responsible for information technologies and communications. These are historical appointments and should not be treated as current officeholder information without a newer source. Aloqabank’s publicly cited financial information includes audited International Financial Reporting Standards figures for the year ended 2015. Those figures reported total assets of 1,188.4 billion Uzbekistani soum, net profit of 29.0 billion soum, and equity of 173.8 billion soum. The same historical disclosure reported tier-one capital adequacy of 16.26% and regulatory capital adequacy of 17.01%. Because these figures are from 2015, they are not a current measure of the bank’s scale or financial condition. No current financial figures, rating information, stock-market listing, or official website URL are established in the supplied material.

Aloqabank was created in Uzbekistan on 12 October 1994 pursuant to Resolution No. 502 of the country’s Cabinet of Ministers. Its initial mandate was connected to the development of the telecommunications industry, reflecting the role assigned to specialized financial institutions during the development of Uzbekistan’s post-Soviet communications and infrastructure sectors. Over time, Aloqabank developed beyond that original sectoral focus and became a broader commercial bank. Its customer base came to include enterprises in the real economy, small businesses, private entrepreneurs, and individuals. The bank’s operating model combined retail banking with corporate banking. For consumers, the documented service range included deposits, loans, debit cards, automated teller machines, payments, settlements, and money transfers. For corporate customers, the bank offered instruments such as bill acceptance and discounting, financial-bond issuance, letters of credit, guarantees, and bank-card services. Aloqabank also became connected to major parts of Uzbekistan’s financial and payments infrastructure. The bank participated in the Uzbekistan Banking Association, the national currency-exchange system, the deposit-guarantee fund for citizens, the Tashkent Republican Stock Exchange, and the national payment system. Its participation in SWIFT and VISA indicates connectivity to international payment and card networks, although the available material does not establish the present scope of those relationships. The bank’s physical network historically extended across Tashkent, Uzbekistan’s regions, and the Republic of Karakalpakstan. A reference description listed 14 branches, 23 minibanks, 105 operational cash offices, and 22 international money-transfer offices, with services reaching approximately 350,000 customers. These figures are historical and should not be assumed to describe the bank’s current network. Historical management information records Kammuna Irisbekova as chairman of the board and chief executive, following confirmation at a general meeting of shareholders in September 2017. Sherzod Shermatov was identified as chairman of the supervisory board while serving as acting minister of development of information technologies and communications. Current leadership, ownership, and governance arrangements are not confirmed by the supplied sources. The most detailed financial data in the supplied material comes from an audited IFRS report prepared by Deloitte & Touche for the year ended 2015. It reported total assets of 1,188.4 billion Uzbekistani soum, net profit of 29.0 billion soum, and equity of 173.8 billion soum. Reported capital ratios were 16.26% for tier-one capital adequacy and 17.01% for regulatory capital adequacy. These historical figures provide context for the bank’s earlier scale but do not establish its present financial position. No reliable current rating, listing status, market capitalization, or recent operating statistics are supplied.

• 2017

  Board leadership confirmation

  [1]Aloqabanken.wikipedia.org

  Kammuna Irisbekova was confirmed by the general meeting of shareholders as chairman of the board and chief executive.

• 2015

  Audited IFRS financial disclosure

  [1]Aloqabanken.wikipedia.org

  Historical audited IFRS figures reported assets of 1,188.4 billion Uzbekistani soum, net profit of 29.0 billion soum, equity of 173.8 billion soum, and capital-adequacy ratios of 16.26% and 17.01%.

• 1994

  Establishment of Aloqabank

  [1]Aloqabanken.wikipedia.org

  Aloqabank was founded on 12 October 1994 under Resolution No. 502 of the Cabinet of Ministers of the Republic of Uzbekistan, with an initial role supporting telecommunications development.

Uzbekistan-focused commercial bank serving households, enterprises, small businesses, private entrepreneurs, and public or institutional customers.

• Banking services

  Retail banking

  Aloqabank’s retail banking activity includes deposit-taking, consumer lending, debit cards, automated teller machine access, domestic and international payments, settlements, and money-transfer services. The available material presents these services as part of the bank’s broader domestic offering to individual customers.

• Commercial banking

  Corporate banking

  Corporate banking services described for Aloqabank include lending and financial services for enterprises, small businesses, and private entrepreneurs. Products and instruments include bill acceptance and discounting, financial-bond issuance, letters of credit, guarantee facilities, corporate payments, and bank-card services.

• Payments

  Payments and money transfers

  The bank provides domestic and international payment and settlement services and has participated in Uzbekistan’s national payment infrastructure as well as SWIFT and VISA networks. Historical operating information also refers to dedicated international money-transfer offices.

1. 1Aloqabanken.wikipedia.org