During the visit of the Prime Minister of the Republic of Uzbekistan to the People’s Republic of China on August 28, 2019, a meeting was held between the leaders of Asaka Bank and China Export Credit Insurance Corporation Sinosure.

During the visit of the Prime Minister of the Republic of Uzbekistan to the People’s Republic of China on August 28, 2019, a meeting was held between the leaders of Asaka Bank and China Export Credit Insurance Corporation Sinosure.

China Export Credit Insurance Corporation is a state-funded policy-oriented insurance company established and supported by the state to promote China’s foreign economic, trade development and cooperation. With the independent legal person status, it was officially operated on December 18, 2001 and its service network covers the whole country.

Following the meeting, the parties reached an agreement on the issue of an insurance policy for the obligations of Asaka Bank in the amount of 36.0 million euros, as part of financing the project for production of float glass of JSC Quartz.