TBC Targets 10 Million Monthly Active Users and a Loan Portfolio Exceeding $3 Billion
TBC Targets 10 Million Monthly Active Users and a Loan Portfolio Exceeding $3 Billion
Tashkent, Uzbekistan (UzDaily.com) — TBC Bank Group held its first Investor Strategy Day in New York, presenting ambitious development plans for TBC Uzbekistan through 2030.
The event marked the first international strategic presentation of Uzbekistan's digital financial ecosystem and reflects the growing interest of global investors in the country as a promising emerging market.
At the meeting, attended by representatives of the Ministry of Investments, Industry and Trade and the Ministry of Economy and Finance of Uzbekistan, TBC Bank Group's senior management outlined plans to scale the TBC Uzbekistan digital banking ecosystem, which already serves 23 million registered users and holds a leading position in the retail services market.
The primary focus going forward will be on developing products and services for businesses, including micro, small, and medium-sized enterprises, with the aim of supporting the country's economic growth.
TBC Uzbekistan's strategic targets include reaching 10 million monthly active users, building a diversified loan portfolio of more than three billion US dollars, and generating a net profit of 250 million dollars — representing a 25% share of the Group's total net profit within the next five years.
Chairman of the TBC Digital Supervisory Board Oliver Hughes noted that the event gave international investors an opportunity to engage with the Group's plans, and emphasized the significance of Uzbekistan's dynamic digital economy, underpinned by active reforms and favorable demographics.
Uzbekistan's Minister of Investments, Industry and Trade Laziz Kudratov highlighted TBC Bank Group's contribution to the country's digital transformation and underscored the importance of the Strategy Day as a platform for showcasing Uzbekistan's investment potential on the international stage. He noted that Uzbekistan continues to attract global investment and remains open to expanding engagement with the international investment community.