Asakabank was established on November, 1995. Stockholders — Ministry of Finance of the Republic of Uzbekistan, «Uzavtosanoat» Stock Company, The Fund of Reconstruction and Development of the Republic of Uzbekistan, Stock Company «Almalyk Mining and Metallurgical Complex» (AMMC), Unitary Enterprise «Bukhara Oil Refinery», SJSRC «Uzbekistan railways» and others.

It is the 2nd Commercial bank in the republic by capital value and assets. Regional network is presented by 26 Subsidiaries and 83 Mini-Banks all over the territory of the Republic of Uzbekistan. It is positioned as large universal finance-credit institution with wide spectrum of traditional and modern bank services.