TBC Bank: to scale up in Uzbekistan in 2026
TL;DR
TBC Bank plans to expand in Uzbekistan in 2026, building on rapid growth with products like the TBC Salom debit card and strategic partnerships. The bank has achieved profitability and serves 22 million users, aiming to become a one-stop financial platform in Central Asia.
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TBC Bank: to scale up in Uzbekistan in 2026
TBC Bank: Strategic Expansion in Uzbekistan in 2026
TBC Bank Uzbekistan, a leading digital banking ecosystem in Central Asia, continues to solidify its market position through product innovation and customer acquisition. Since its launch in November 2024, the bank's flagship TBC Salom debit card has achieved significant traction, with over 1 million units issued within a year. This product, designed for everyday banking, offers features such as 12% interest on balances, cashback incentives, and seamless onboarding, positioning it as a key entry point for users into TBC's broader ecosystem.
The bank has expanded its offerings to address diverse customer segments, including small and medium enterprises (SMEs) and high-growth consumer markets. Recent additions include the TBC Osmon credit card, TBC Insurance, and SME lending solutions. A strategic partnership with Visa, announced in November 2025, further enhanced TBC Salom's capabilities, providing users with 1% cashback on all purchases and 5% cashback on international marketplace transactions. These initiatives align with TBC Uzbekistan's goal to become a one-stop financial services platform.
Financial performance underscores the bank's rapid growth. In the first nine months of 2025, TBC Uzbekistan reported operating income of $189 million, with loan and deposit books growing by 93% and 73% year-over-year, respectively. The company reached profitability within two years of launch—a rare achievement for digital banks—and now serves 22 million unique registered users.
Looking ahead, TBC Bank Group will host a Strategy Day in New York on February 24, 2026, to outline growth plans for its operations in Georgia and Uzbekistan. The event is expected to highlight further expansion into underserved markets and product development, leveraging Uzbekistan's young, digitally savvy population and low retail banking penetration.
With a purpose-built tech stack and a consumer lending-led strategy, TBC Uzbekistan remains positioned to capitalize on Central Asia's evolving financial landscape. Its focus on accessibility, profitability, and ecosystem integration reflects a disciplined approach to scaling in a competitive market.
