Started in 2020 under TBC Group Uzbekistan, the bank offers a mobile app through which customers can open bank accounts and access banking services, including cash loans and deposits. It is 60% owned by London’s TBC Group and 20% each by IFC and EBRD.
The Uzbekistan group recently expanded its financial lineup in the country with its in-house processing center to streamline payment operations and shorten time-to-market for new offerings, and entered strategic partnerships with Visa and Mastercard. Further, it introduced the Salom debit card and Osmon credit card and launched TBC Business, a digital banking service for small and medium Uzbek enterprises.