Wallets/tbc-bank
TBC Bank (Georgia + Uzbekistan)
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Overview
TBC Bank Group is Central Asia's leading digital banking ecosystem + Georgia's first private bank [1, 2, [global-cro]]. 2Q 2025 baseline:
- TBC Uzbekistan unique registered users: 21 million (distinctive Uzbek digital-banking ecosystem leader)
- TBC Bank Georgia digital share: 81% of consumer loans issued fully digitally (end of 2Q 2025; +13 percentage points YoY)
- 2Q 2025 net profit: GEL 346 million (USD 126 million) — strong top-line growth in both Georgia + Uzbekistan
2025 strategic milestones:
- TBC Bank Group $200M bond announcement [3] to accelerate growth of Central Asia's leading digital banking ecosystem.
- TBC Bank Group acquired majority stake in OLX Uzbekistan [4] — expanding market-leading digital banking ecosystem in Uzbekistan.
- Euromoney Awards for Excellence 2025 — Georgia's Best Digital Bank.
- 2025 Banking Tech Awards — TBC Bank Georgia Best Use of Tech in Consumer Lending.
History
1992 — TBC Bank founded [2] in Georgia as Georgia's first private bank.
2014 — TBC Bank LSE IPO (LSE: TBCG).
2019 — TBC Bank Group launches TBC Uzbekistan + Space digital-bank platform in Uzbekistan.
2020-2024 — Mass Uzbek + Georgian adoption [1]: TBC Uzbekistan ecosystem to 21M unique registered users.
2Q 2025 — GEL 346M (USD 126M) net profit + 81% Georgia consumer loans fully digital + 21M TBC Uzbekistan users [2].
2025 — Euromoney Georgia's Best Digital Bank + TBC Bank Group $200M bond + OLX Uzbekistan majority acquisition [1, 3, 4].
Ownership & operator
Operating entity: TBC Bank Group PLC (LSE: TBCG).
TBC Bank Group structure:
- TBC Bank Georgia (Georgia primary)
- TBC Bank Uzbekistan (Uzbekistan via 2019 Space digital-bank platform expansion; OLX Uzbekistan majority acquisition 2025)
Major shareholders: EBRD (European Bank for Reconstruction and Development) + IFC (International Finance Corporation) + Schroders + various institutional + public LSE float.
Regulators: NBG (National Bank of Georgia) + CBU (Central Bank of Uzbekistan).
Technical integration
| Layer | Description |
|---|---|
| Channels | TBC Mobile app (iOS + Android) + TBC Bank cards + TBC Bank branch network |
| Identifiers | Phone + email + card number + Georgian ID |
| Multi-country: Georgia primary + Uzbekistan (TBC Uzbekistan + Space + OLX Uzbekistan majority since 2025) | |
| License | Bank (TBC Bank Georgia + TBC Bank Uzbekistan licenses) |
| Sub-products | TBC Bank Account + TBC Bank Cards + TBC Bank Credit (81% Georgia consumer loans fully digital) + TBC Bank Investments + TBC Bank Insurance + TBC Bank for Business + TBC Uzbekistan Space digital bank + OLX Uzbekistan (post-2025 majority acquisition) |
| Multi-country tech ecosystem: TBC's market-leading digital banking ecosystem expansion in Uzbekistan |
Users & growth
2Q 2025 baseline [2]:
- TBC Uzbekistan unique registered users: 21 million (distinctive Uzbek digital-banking ecosystem leader)
- TBC Bank Georgia consumer loans fully digital share: 81% (+13 pp YoY)
- 2Q 2025 net profit: GEL 346M (USD 126M)
- 2025 strategic: TBC Bank Group $200M bond + OLX Uzbekistan majority acquisition
- 2025 awards: Euromoney Georgia's Best Digital Bank + Banking Tech Awards Best Use of Tech in Consumer Lending
Use cases
Georgian + Uzbek retail + corporate digital banking; TBC Bank Georgia consumer loans fully digital (81%); TBC Uzbekistan Space digital-bank ecosystem (21M unique registered users); OLX Uzbekistan classifieds-payments integration (post-2025 majority acquisition); multi-country Central Asian banking expansion.
Implementations & partners
Operator: TBC Bank Group PLC (LSE: TBCG) — Georgia's first private bank + Central Asia's leading digital banking ecosystem.
Major shareholders: EBRD + IFC + Schroders + institutional + public LSE float.
2025 acquisition: OLX Uzbekistan majority for digital banking ecosystem expansion.
Major Georgian banking competitors:
- [[bank-of-georgia]] (Bank of Georgia; 2025 World's Best Digital Bank Global Finance; 1.7M monthly active retail digital users + 90%+ online service access)
- VTB Bank Georgia + ProCredit Bank Georgia + Liberty Bank
Major Uzbek banking competitors:
- National Bank of Uzbekistan (NBU) — Uzbekistan's largest state bank
- Asaka Bank + Sanoatqurilishbank + UzCard + HUMO (Uzbek banks)
Regulators: NBG + CBU.
Fun facts
- Central Asia's leading digital banking ecosystem + Georgia's first private bank (1992 founding).
- TBC Uzbekistan 21M unique registered users (2Q 2025) — Uzbek digital-banking ecosystem leader.
- 81% of TBC Georgia consumer loans issued fully digitally (2Q 2025; +13 pp YoY).
- 2Q 2025 net profit GEL 346M (USD 126M) — strong top-line growth Georgia + Uzbekistan.
- 2014 LSE IPO (LSE: TBCG) — distinctive Georgian-banking LSE-listed pioneer.
- 2019 TBC Uzbekistan Space digital-bank platform launch in Uzbekistan.
- 2025 OLX Uzbekistan majority acquisition — distinctive ecosystem expansion into Uzbek classifieds + payments.
- 2025 Euromoney Georgia's Best Digital Bank.
- EBRD + IFC + Schroders major shareholders.
Comparison
| Feature | TBC Bank | [[bank-of-georgia]] (GE rival; 2025 World's Best Digital Bank Global Finance) | National Bank of Uzbekistan (NBU; UZ's largest state bank rival) | [[kaspi-kz]] (KZ analogous super-app + bank) | [[halyk-homebank]] (KZ analogous traditional-bank digital) |
|---|---|---|---|---|---|
| Operator | TBC Bank Group PLC (LSE: TBCG; EBRD + IFC + Schroders + institutional + LSE float) | Bank of Georgia (Lion Finance Group PLC; LSE: BGEO) | National Bank of Uzbekistan (Uzbekistan state) | Joint Stock Company Kaspi.kz (NASDAQ: KSPI; Mikhail Lomtadze founder + CEO) | Halyk Bank (KZ's largest traditional bank; >1/3 KZ banking market share) |
| Type | Central Asia's leading digital banking ecosystem (Georgia + Uzbekistan); 21M TBC Uzbekistan users; 81% Georgia consumer loans fully digital | World's Best Digital Bank 2025 Global Finance; 1.7M monthly active retail digital users + 90%+ online service access | UZ's largest state bank | KZ super-app + bank (Payments + Marketplace + Fintech + Travel + Telco MVNO + Gold) | KZ traditional-bank-led digital banking |
| Country | GE + UZ (TBC Uzbekistan + Space + OLX Uzbekistan majority since 2025) | Georgia | Uzbekistan | KZ + TR + UA | Kazakhstan |
| Users | TBC Uzbekistan 21M unique registered + TBC Georgia 81% consumer loans fully digital + 2Q 2025 net profit GEL 346M (USD 126M) | 1.7M monthly active retail digital users; cost cuts >30% via digital | Major UZ state-bank | 14M + ~70% KZ pop; 75 monthly tx/active user | Q1 2026 MAU 8.5M |
| Distinctive | 2014 LSE IPO; 2019 Space UZ digital-bank platform; 2025 OLX Uzbekistan majority acquisition; 2025 Euromoney Georgia's Best Digital Bank; Banking Tech Awards Best Use of Tech in Consumer Lending; $200M bond accelerate Central Asia growth | 2025 World's Best Digital Bank Global Finance 2 consecutive years; super-app strategy + digital lending 80% uptake + in-app stock trading + lifestyle | UZ's largest state bank | NASDAQ: KSPI; ~$18B EV; ~45% NI margin + >80% RoE; Jan 2025 Hepsiburada Turkish acquisition | People's Bank of Kazakhstan; Halyk = >1/3 market share |
Status
Active, Central Asia's leading digital banking ecosystem + Georgia's first private bank [1, 2]:
- TBC Bank Group PLC (LSE: TBCG) since 1992 (Georgia's first private bank).
- 2Q 2025: TBC Uzbekistan 21M unique registered users + TBC Bank Georgia 81% consumer loans fully digital + 2Q 2025 net profit GEL 346M (USD 126M).
- 2025 milestones: $200M bond + OLX Uzbekistan majority acquisition + Euromoney Georgia's Best Digital Bank + Banking Tech Awards Best Use of Tech in Consumer Lending.
- EBRD + IFC + Schroders + institutional + LSE float major shareholders.
- NBG + CBU regulated.
Sources
- 1 TBC Bank Georgia's Best Digital Bank 2025 — TBC press
- 2 TBC Bank Group 2Q 2025 net profit — FF News
- 3 TBC Bank Group $200M bond Central Asia growth
- 4 TBC Bank Group OLX Uzbekistan acquisition — citybiz
- [global-cro] In-corpus: see country reports across GE + UZ
Source
Biography extracted from tbc-bank.md. See matrix.md for standards-support matrix if present.