Tagged: tbc bank

TBC Bank Completes OLX Uzbekistan Acquisition as It Expands Embedded Finance Strategy

TBC Bank Group has completed the acquisition of a majority stake in OLX Uzbekistan, giving the London-listed lender access to one of the country’s largest online marketplaces as it looks to expand digital banking and payment services beyond its own platforms. The acquisition is part… Read More

TBC Bank Group Acquires Majority Stake in BILLZ to Expand SME Reach in Uzbekistan

London-listed TBC Bank Group PLC has entered into a definitive agreement to acquire a majority stake in BILLZ, a retail management software-as-a-service (SaaS) platform in Uzbekistan, according to an announcement. The acquisition is a landmark transaction that strengthens its position in Central Asia’s digital financial… Read More

TBC Bank Taps Market With $200M Bond to Fuel Uzbek Digital Banking Growth

TBC Bank Group PLC has issued a $200 million bond to accelerate the growth of TBC Uzbekistan, its rapidly expanding digital banking arm, as the group deepens its footprint in Central Asia’s largest economy. The synthetic three-year bond, denominated in Uzbek sum and settled in… Read More

TBC Bank, Uzbekistan’s Largest Digital Bank, Secures $37m Investment

TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announced a $37 million equity investment from its majority shareholder, London-listed TBC Bank Group PLC (TBC Group). This capital injection brings TBC UZ’s total equity funding for 2024 to $75 million, establishing a new annual… Read More

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