# TBC Bank (Georgia + Uzbekistan)

> Source: https://docs.barcoder.ai/docs/wallets/tbc-bank
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [TBC Bank — official](https://tbcbank.ge/)

## Overview

**TBC Bank Group** is **Central Asia's leading digital banking ecosystem** + **Georgia's first private bank** <sup>[1][1], [2][2], [global-cro]</sup>. **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** <sup>[3][3]</sup> to accelerate growth of Central Asia's leading digital banking ecosystem.
- **TBC Bank Group acquired majority stake in OLX Uzbekistan** <sup>[4][4]</sup> — 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** <sup>[2][2]</sup> 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** <sup>[1][1]</sup>: 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** <sup>[2][2]</sup>.

**2025 — Euromoney Georgia's Best Digital Bank + TBC Bank Group $200M bond + OLX Uzbekistan majority acquisition** <sup>[1][1], [3][3], [4][4]</sup>.

## 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** <sup>[2][2]</sup>:
- **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](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/kaspi-kz) (KZ analogous super-app + bank) | [Halyk Homebank](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2]</sup>:
- **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]: https://www.tbcbankgroup.com/news-and-media/press-releases/awards/2025/tbc-bank-named-as-georgia-s-best-digital-bank/ "TBC Bank Georgia's Best Digital Bank 2025 — TBC press"
[2]: https://ffnews.com/newsarticle/fintech/tbc-bank-group-financial-results-2025/ "TBC Bank Group 2Q 2025 net profit GEL 346M ($126M) — FF News"
[3]: https://www.tbcbankgroup.com/news-and-media/press-releases/news/2025/tbc-bank-group-announces-200m-bond-to-accelerate-growth-of-central-asia-s-leading-digital-banking-ecosystem/ "TBC Bank Group $200M bond Central Asia growth"
[4]: https://www.citybiz.co/article/734760/tbc-bank-group-acquires-majority-stake-in-olx-uzbekistan-expanding-its-market-leading-digital-banking-ecosystem-in-uzbekistan/ "TBC Bank Group OLX Uzbekistan majority acquisition 2025 — citybiz"

- [1] [TBC Bank Georgia's Best Digital Bank 2025 — TBC press][1]
- [2] [TBC Bank Group 2Q 2025 net profit — FF News][2]
- [3] [TBC Bank Group $200M bond Central Asia growth][3]
- [4] [TBC Bank Group OLX Uzbekistan acquisition — citybiz][4]
- [global-cro] In-corpus: see country reports across GE + UZ

## Source

Biography extracted from [tbc-bank.md](https://docs.barcoder.ai/source/wallets/tbc-bank). See `matrix.md` for standards-support matrix if present.