Abror Turgunov Appointed as Acting Chairman of the Board of “Po’ytakht Bank”

Tashkent, Uzbekistan (UzDaily.com) — A new head has been appointed at Po’ytakht Bank, according to the bank’s announcement on the Unified Corporate Information Portal.

By decision of the Supervisory Board on 28 August, Abror Turgunov was appointed as the acting chairman of the bank’s board. Previously, this position was held by Dustboy Abzhalov.

Since June 2024, Turgunov served as the acting deputy chairman of Po’ytakht Bank.

In his previous role, he oversaw retail lending, treasury operations, economic analysis and strategic development, foreign economic activities, as well as the general and procurement departments.

Po’ytakht Bank was established in early 2019 to provide mortgage lending and finance construction projects, primarily affordable housing programs. Since its founding, 100% of the bank’s charter capital was state-owned and belonged to the Tashkent city administration.

In June 2024, the Agency for Management of State Assets (AMSA) reached an agreement to privatize the bank with the UAE-based company Bond Investments Limited, which proposed to acquire the entire state stake for US$10 million.

In October, the completion of Po’ytakht Bank’s privatization was officially announced. According to the Unified State Register of Legal Entities (USRLE), Bond Investments Limited became the new founder of the bank and now owns 100% of its shares. The bank’s official legal name has also been updated to include the designation “foreign company.”