TBC Uzbekistan Launches Fully Digital Insurance to Further Expand Ecosystem
TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, announces the full rollout of TBC Insurance, as it continues to broaden its product offering and enter new high-growth segments.
Fully integrated into the wider TBC Uzbekistan ecosystem and available via the TBC UZ banking app, the new product is transforming the customer experience for insurance users in Uzbekistan by providing a seamless and fully digital service. Beginning with credit life insurance, the offering will be expanded to provide a full suite of personal insurance products.
TBC Insurance was initially soft launched in April 2025, after obtaining a life insurance license from the National Agency of Perspective Projects of Uzbekistan in March 2025.
This move comes as TBC Uzbekistan continues to broaden its product offering and strengthen its position as the leading digital banking ecosystem in Central Asia. Building on strong momentum, including a registered user base that now exceeds 50% of the country’s population and year-on-year growth that saw revenue and the loan book double in Q1 2025, the company has launched a series of new products over the past year. These include the Salom debit card, Osmon credit card, as well as SME banking and lending services, creating powerful synergies across the ecosystem and driving deeper customer engagement.
Nika Kurdiani, CEO of TBC Uzbekistan, commented: “We see insurance as a natural extension of the TBC Uzbekistan ecosystem - a product that empowers customers to feel more secure and in control of their financial lives. With the launch of TBC Insurance, we’re continuing to thoughtfully expand our digital banking ecosystem, ensuring each new product complements the others and enhances the overall value we deliver to our customers. Insurance will be a key part of this journey, helping to deepen engagement and strengthen trust in the ecosystem.”
For further enquiries, please contact:
Director of Investor Relations
Andrew Keeley
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.ge
About TBC Bank Group PLC ("TBC PLC")
TBC Bank Group's mission is to make people's lives easier by providing digitally-led financial services to retail and corporate customers. TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales and is the parent company of TBC Bank Georgia and TBC Uzbekistan.
TBC Bank Georgia, together with its subsidiaries, is the leading financial services group in Georgia, with a total market share of 38.0% of customer loans and 36.9% of customer deposits as of 31 March 2025, according to data published by the National Bank of Georgia.
TBC Uzbekistan is the leading digital banking ecosystem in Central Asia with 20 mln unique registered users that includes TBC Bank Uzbekistan, the country's largest mobile-only bank, Payme, a leading digital payments app for individuals and small businesses, and Payme Nasiya, an instalment credit business.
TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index.