Asaka Bank’s contribution to the economic development of the country
Asaka Bank finances numerous projects in the textile industry.
Asaka Bank finances numerous projects in the textile industry. In particular, the cotton yarn manufacturing company Global Textile Solutions is one of the Bank’s customers.
The enterprise employs 300 workers. It produces 5200 tons of cotton yarn per year. In 2019, Asaka Bank allocated Global Textile Solutions 21,760,264,765.00 UZS and 2,939,551.26 euros to make a contract payment and purchase technological equipment.
With the help of modern and safe technologies delivered from Japan and Switzerland, the production of environmentally friendly, high-quality cotton yarn from Uzbek cotton has been established. Such products are in great demand in the global market. The main customers of Global Textile Solutions are China, Russia and Turkey.
