Full Name: TBC Bank Uzbekistan
Established: 2020
Headquarters: Tashkent, Uzbekistan
Ownership: A subsidiary of TBC Bank Group, which is based in the UK
Industry: Banking and Financial Services
Key Services: Digital banking, retail banking, business banking, financial products
About TBC Bank Uzbekistan
TBC Bank Uzbekistan is a subsidiary of TBC Bank, a leading financial group in Georgia. The bank was established in Uzbekistan in 2020 with the aim of bringing digital banking services to the local market. TBC Bank Uzbekistan focuses on providing innovative financial services to individuals and businesses, leveraging advanced digital technologies for easier and faster banking.
The bank is known for its customer-centric approach, offering a range of services from online loans to mobile banking, aimed at making banking services more accessible and convenient.
Key Services and Features
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Retail Banking:
TBC Bank offers a variety of services to individuals, including online loans, deposits, card services, and bill payments. Their mobile application allows users to manage accounts, make transfers, and access all banking services remotely. -
Business Banking:
TBC Bank provides a fully digital service for small and medium enterprises (SMEs). The service allows businesses to manage their accounts, make payments, and execute transactions quickly and securely from any location. -
Mobile App and Digital Services:
TBC Bank's mobile app is designed for easy account management, including the ability to apply for loans, pay bills, and transfer funds. The app also supports online card services and allows users to manage their financial operations on-the-go.
Innovations and Digital Transformation
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Fully Digital Banking for SMEs:
TBC Bank Uzbekistan is known for offering a fully digital banking solution for small and medium businesses, enabling them to manage their accounts, perform payments, and process transactions without the need for physical branch visits. -
Investment in Financial Inclusion:
The bank is focused on fostering financial inclusion by expanding digital services to a wider customer base, ensuring that people in remote areas can access banking services easily.
Strategic Investments
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EBRD and IFC Investments:
The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have both made equity investments in TBC Bank Uzbekistan to support its growth and digital transformation efforts. -
Partnership with Payme:
TBC Bank acquired a majority stake in the local payment service Payme, further expanding its digital payments and fintech services.
Conclusion
TBC Bank Uzbekistan is at the forefront of banking innovation in the country, offering a broad range of digital services for both individuals and businesses. With its focus on easy, secure, and fully digital banking, it is contributing to the modernization of Uzbekistan’s banking sector.