Tashkent, Uzbekistan (UzDaily.com) — TBC Uzbekistan, part of the TBC Bank Group, has presented its financial results for Q1 2025, demonstrating steady growth across all key business areas.

The group includes the largest digital bank in the country, TBC Bank, the popular payment application Payme, the Payme Nasiya installment service, and the recently launched TBC Digital management company.

The company’s loan portfolio reached 10.047 trillion soums, growing by 121% year-on-year. TBC Uzbekistan accounts for 17.1% of all unsecured consumer loans in the country, and 53% of loans within the TBC Bank Group.

The volume of deposits from individuals grew to 5.7 trillion soums (+85% year-on-year), making up 4% of the total volume of individual deposits in Uzbekistan and 13% of the group’s deposit portfolio.

The number of unique users rose to 19.7 million, and the number of active users per month reached 6.1 million.

High interest was generated by the new products launched in Q4 2024:

The number of issued Salom Cards increased from 23,000 to 228,000;

Applications for Osmon Cards rose to 48,000, up from 13,000 in December.

In January 2025, the company introduced Payme Plus, a subscription offering a package of financial and lifestyle services with added value. In April, a new lending product for SMEs was launched, strengthening TBC’s position in the small and medium-sized business sector.

Overall operating income grew by 113%, reaching 744 billion soums. Net profit reached 98 billion soums (+15%), and adjusted for one-off loan loss provisions, it stood at 190 billion soums (+121%). Return on equity increased to 26.5% (excluding one-off expenses).

TBC Uzbekistan is actively implementing AI solutions. More than 50% of overdue payment reminder calls are now made by AI agents.

The use of its proprietary bilingual language model in Telegram increased sales conversion by 30%. The company plans to scale AI applications in customer service and digital products.

In March, TBC Digital, a management company, was established to consolidate all business directions of the group in Uzbekistan. In the same month, the IMD Business School (Switzerland) published a case study on TBC’s transformation from a Georgian bank to a regional leader in digital banking, including it in its educational program.

Nika Kurdiani, CEO of TBC Uzbekistan, stated: “We continue to develop dynamically, expanding our client base and launching innovative products. Recognition of our success by IMD Business School is an important milestone. We are confident that new achievements and strengthening our leading position in the region are ahead of us.”