Uzbekistan Lessors Association was founded in April 2005. The association currently units 27 members, which makes up half of lessors in Uzbekistan.

Mission of Uzbekistan Lessors Association is to create conditions for development of leasing services in the Republic of Uzbekistan for effective realization of economic reforms implemented in Uzbekistan.

Alokabank was founded in line with the resolution of the Cabinet of Ministers of Uzbekistan from 12 October 1994 in order to ensure economic growth and financial support of the enterprises of the Uzbek Agency for Communication and Information and small and private businesses.

The bank carries out banking activity in line with the license for conducting banking activity of the Central Bank of Uzbekistan from 13 August 2004 (replaces license from 22 March 1995) and license on operations with hard currency from 29 January 2005 (replaces license from 21 August 1996). Among shareholders of the bank are Uzbek Agency for Communication and Information, Uzbekistan Pochtasi, Uzbektelecom and others.