Question 1

What is TBC Bank?

Accepted Answer

TBC Bank is a digital-first commercial bank operating in Uzbekistan as a subsidiary of TBC Bank Group PLC, the leading banking group in Georgia. Launched in 2020, TBC Bank Uzbekistan represents one of the first fully digital, mobile-only banks in the country, offering innovative financial services primarily through its Space mobile application. The bank operates with a modern, technology-driven approach focused on retail customers and micro, small, and medium-sized enterprises (MSMEs). TBC Bank Uzbekistan is backed by significant international investment from the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC).

Question 2

When was TBC Bank founded?

Accepted Answer

TBC Bank Uzbekistan received its banking license from the Central Bank of the Republic of Uzbekistan in April 2020 and commenced operations in October 2020. The bank was established as part of TBC Bank Group PLC's international expansion strategy, bringing Georgian banking expertise and digital innovation to the Uzbek market. On September 30, 2021, TBC Bank Uzbekistan secured a landmark investment agreement with the EBRD and IFC, with each institution acquiring a 20% stake in the bank. Additional capital increases followed in 2022, with total investments reaching $79.8 million by that time, demonstrating strong confidence from international financial institutions in the bank's business model and growth potential.

Question 3

Where is TBC Bank headquartered?

Accepted Answer

TBC Bank Uzbekistan is headquartered in Tashkent, Uzbekistan. The bank's head office is located in the Mirabad district at Fidokor Street, Tashkent. As a digital-first institution, the bank maintains a relatively light physical footprint compared to traditional banks, focusing on digital channels while operating select showrooms for customer engagement and brand visibility.

Question 4

Where does TBC Bank operate?

Accepted Answer

TBC Bank Uzbekistan operates throughout Uzbekistan with a digital-first, mobile-centric model that allows nationwide coverage through its Space mobile application. The bank has established 10 new-generation showrooms in nine cities across the country, along with 33 "customer activation points" to support customer onboarding and service. Major cities with physical presence include Tashkent and other key urban centers. The bank's mobile app has been downloaded by over 2.4 million people as of July 2022, demonstrating broad geographic reach across Uzbekistan's regions through digital channels rather than traditional branch networks.

Question 5

What services does TBC Bank offer?

Accepted Answer

TBC Bank Uzbekistan offers comprehensive digital banking services primarily through its Space mobile application, including retail banking, personal accounts, deposit products, consumer loans (including unsecured consumer loans), car loans, money transfers, payment cards (including the Salom Card daily banking product and Osmon credit card), bill payments, and installment financing services. The bank provides fully digital account opening, loan application and approval processes conducted entirely through mobile devices, and integration with payment services.

Through its ecosystem, TBC Bank Uzbekistan includes Payme (a leading digital payment application) and Payme Nasiya (an installment finance business), creating an integrated fintech platform. The bank has achieved high levels of digital engagement, with 79% of consumer loans issued fully digitally by early 2025. The bank's approach emphasizes innovative product development, user-friendly mobile experiences, and quick service delivery. All core banking services are accessible 24/7 through the mobile application, with minimal need for physical branch visits.

The bank also provides business banking services for MSMEs, helping previously underserved small businesses access formal financial services and credit facilities.

Question 6

What makes TBC Bank unique?

Accepted Answer

TBC Bank Uzbekistan is distinguished as one of the first fully digital, mobile-only banks in Uzbekistan, pioneering a new banking model in a market traditionally dominated by branch-based institutions. The bank's backing by international financial institutions (EBRD and IFC each holding 20% stakes) brings world-class governance standards, environmental and social management systems, and international best practices to the Uzbek banking sector.

The bank has achieved remarkable growth in a short operational period, reaching over 2.4 million app downloads within two years and capturing a 17.1% market share in unsecured consumer loans by March 2025. TBC Uzbekistan now accounts for 53% of TBC Group's total unsecured consumer loans and contributes 12% of the Group's adjusted net profit, despite being operational for less than five years.

The bank leverages TBC Bank Group's proven Space platform, which has been refined in Georgia and adapted for the Uzbek market, providing cutting-edge fintech capabilities. The integration with Payme, one of Uzbekistan's most popular payment platforms, creates a powerful digital ecosystem. TBC Bank Uzbekistan has introduced innovative products like the Salom Card and Osmon credit card, with over 275,000 cards issued in just the first quarter of 2025.

Question 7

What type of financial institution is TBC Bank?

Accepted Answer

TBC Bank Uzbekistan is a private commercial bank (Aksiyadorlik Tijorat Banki) operating as a fully licensed digital bank under the supervision of the Central Bank of the Republic of Uzbekistan. As a subsidiary of TBC Bank Group PLC (a UK-incorporated company listed on the London Stock Exchange), it operates with international corporate governance standards and is structured as a universal commercial bank offering both retail and business banking services. The bank represents a new generation of digital-first banking institutions in Uzbekistan, combining mobile-only operations with full banking capabilities including deposit-taking, lending, and payment services. The ownership structure includes TBC Bank Group PLC (60%), EBRD (20%), and IFC (20%), making it a hybrid public-private institution with strong international institutional backing and governance oversight.

TBC Bank

in Uzbekistan 🇺🇿

Crypto-Friendliness

All done!

About TBC Bank in Uzbekistan