TBC Bank Group has outlined ambitious expansion plans for its Uzbekistan business after hosting its first Strategy Day for investors in New York, highlighting the country’s growing appeal to global capital, said in the press realise.
The event marked the first time a financial ecosystem from Uzbekistan has held a strategy presentation in the U.S. financial hub, reflecting rising international interest in Central Asia’s largest economy. Senior officials from Uzbekistan’s government attended, alongside major global investors including BlackRock, Vanguard and Fidelity.
The group presented its medium-term strategy for TBC Uzbekistan, a digital banking ecosystem that has grown rapidly in recent years and now counts 23 mln registered users. The company said it plans to expand beyond retail services and strengthen products for small and medium-sized businesses.
Executives outlined targets through 2030, including reaching 10 mln monthly active users, building a diversified loan portfolio exceeding $3bn and achieving $250mln in net profit. The unit is also expected to contribute around a quarter of the group’s total net earnings within five years.
Oliver Hughes, chairman of the supervisory board of TBC Digital, said the event was a milestone both for the company and the country.
«This is a landmark event for Uzbekistan and for TBC Group, allowing us to present our strategy and long-term vision to the global investment community,» he said. «Uzbekistan today is one of the fastest-growing emerging markets in the world, driven by reforms, strong demographics and rapid digitalisation.»
Uzbekistan’s investment minister Laziz Kudratov also addressed attendees, describing TBC as a key contributor to the country’s economic transformation.
«TBC has already done impressive work and is one of the key investors in Uzbekistan, contributing to our digital transformation and economic development,» he said.
Kudratov added that the event provided a platform to showcase Uzbekistan’s investment potential internationally, noting that economic reforms and sustained growth have increased interest from global investors. He emphasised that the country remains open to international partnerships as it seeks to deepen ties with global markets.
TBC Bank Group, which operates a leading banking franchise in Georgia, has increasingly positioned Uzbekistan as a major growth driver, betting on the country’s expanding digital economy and underbanked population to fuel long-term expansion.
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