TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank and part of TBC Group Uzbekistan, Central Asia’s leading digital banking ecosystem, announces a record US$ 38.2 million equity investment from its shareholders to leverage its rapid and profitable growth.
London-listed TBC Bank Group PLC, the parent company of TBC Bank Uzbekistan, is investing US$ 23 million, while the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), part of the World Bank, are investing US$ 7.6 million each.