JSC “AloqaBank” continues to optimize its asset portfolio. The bank has announced the public sale of a 90% stake in its subsidiary, “Aloqa Finance Faktoring Tashkiloti” LLC. This offering presents a strategic entry point for investors looking to establish a foothold in the financial services market.
Sale terms and ssset valuation
The most notable aspect of this auction is the pricing strategy. The 90% stake is being offered with a starting bid of 1.81 billion UZS. A closer look at the figures reveals that the company is being sold almost exactly at its nominal (par) value:
- Charter Capital: 2 billion UZS
- Total Assets: 2.009 billion UZS (primarily consisting of cash equivalents in settlement accounts)
- Retained Earnings: 7.74 million UZS
The auction will be conducted using the English method (ascending price). Notably, this lot has been listed previously but remained unsold, leading to its current re-listing.
Company history
“Aloqa Finance Faktoring Tashkiloti” is a relatively young entity. Originally established in December 2024 as “Aloqa Faktoring,” it underwent rebranding to its current name in the summer of 2025.
Key performance indicators for 2025:
- Total Revenue: 32.7 million UZS (entirely derived from interest income)
- Administrative Expenses: 25 million UZS
Strategic rationale
While the bank maintains a dedicated factoring subsidiary, AloqaBank itself remains a powerhouse in this sector. Data shows that in 2025, the bank directly provided 340 billion UZS worth of factoring services. Significantly, 299 billion UZS (approx. 88%) of these transactions were processed through the bank’s own electronic platform.
With the bank dominating the factoring market through its internal resources and digital infrastructure, maintaining a separate, smaller subsidiary may no longer align with its efficiency goals. The decision to divest was approved by the Bank’s Supervisory Board as early as November 19, 2025.
The sale of “Aloqa Finance Faktoring Tashkiloti” offers a “plug-and-play” opportunity for investors—providing a ready-made platform with established capital and licensing. As the deadline for applications was set for April 16, 2026, this move highlights the ongoing broader trend of privatization and structural transformation within Uzbekistan’s banking sector.
