The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Best Bank Awards

Uzbekistan's best digital bank 2021: Hamkorbank

Hamkorbank

Jasur Khasanov, Hamkorbank.jpg
Khasanov Jasur Ibragimovich, Hamkorbank

In the coronavirus era, every financial institution is suddenly rushing to grow and solidify their digital footprint. But 30-year-old Hamkorbank appears to be learning new tricks faster than many of its peers.

As a consistently profitable, privately-owned commercial bank operating in state-heavy Uzbekistan, Hamkorbank is already something of a rarity. Increasingly, though, its digital offerings are creating the real buzz.

That is as much because of the savviness of the products as the bank’s keenest area of focus: small and medium-sized enterprises.

The SME sector is the one that president Mirziyoyev’s team is most anxious to grow. If Uzbekistan is going to churn out its share of tech unicorns, there’s a chance they will emerge from the orbit of 40,000 entities and 2 million individuals that Hamkorbank counts as clients.

Hamkorbank’s clientele breakdown is 53% SMEs, 33% corporations and 14% individuals. Its ambitions to finance job growth from the ground up in top-down Uzbekistan can be seen in its ties with development banks such as FMO. The Dutch giant has a 15% stake in Hamkorbank, as does the World Bank’s International Finance Corporation.

CEO

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree