TBC Bank Group PLC (“TBC PLC”) is pleased to announce that its subsidiary, JSCB TBC Bank has launched its banking operations in Uzbekistan, initially in a pilot mode for “friends and family”, and plans to extend its services to the broader population in August 2020.
In line with the asset-light and highly digitalized strategy, the bank will be serving customers mainly through its online platform, Space, while bank's smart, next generation branches will be used primarily for client relationship purposes. The first pilot branch has already opened.
This year we will be targeting retail customers with the following products:
•Current and savings accounts;
•Cash loans and salary backed loans;
•Cards, mobile banking, money transfers and transactional capabilities (eg. P2P transactions, utility payments); and
•Point-of-sale consumer finance.
Vakhtang Butskhrikidze, Chief Executive Officer of TBC PLC, commented: "The launch of banking operations in Uzbekistan is a very significant step in TBC PLC’s international expansion and is an integral part of our digitally-led growth strategy. We are excited and full of enthusiasm to make our contribution towards the development of the banking sector in Uzbekistan and to offer cutting-edge banking solutions to the Uzbek population.”
Sandro Rtveladze, Chief Executive Officer of TBC Bank in Uzbekistan, commented: “I am delighted to announce the launch of our banking operations in Uzbekistan. Since obtaining a banking license in April 2020, we have completed all the remaining operational and regulatory milestones, and we are now ready to move into a closed Beta testing process, allowing us to serve external customers in a ‘by invitation only’ mode. We plan to offer our services to the wider public sometime in August.
See all the news
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
S&P: Georgia Heads Toward Recession
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
How will Nenskra HPP Reduce the Electricity Import?
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Georgian brand Entrée enters the UK market and opens its first facility in London
The first Swiss-Georgian VET college will soon be open in Dmanisi
Frontera claims that Georgian government has started harassing the company since 2013
Company HotelFriend offers convenient eComerce platform to Georgian Touroperators
Will the head of "Anaklia Deepwater Port Development Agency" be replaced?
TOP-10 Exporter Companies from Georgia to Russia
TBC Bank Group announces certain changes to the composition of the Management Board
Silknet signed Memorandum of Understanding with Global Communications Company One Web