TASHKENT, Uzbekistan, November 22. The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of up to $10 million to TBC Bank Uzbekistan (one of the country’s pioneering digital financial institutions), the EBRD told Trend.
This funding, denominated in synthetic Uzbek soum, aims to expand TBC Bank Uzbekistan’s services, supporting micro and youth-led businesses as well as women entrepreneurs across Uzbekistan.
At least 65 percent of the loan is earmarked for youth-led or owned microbusinesses, reflecting Uzbekistan’s significant youth demographic, which accounts for nearly 30 percent of the population. Additionally, 40 percent of the funds will be directed toward supporting women entrepreneurs.
EBRD has been a shareholder in TBC Bank Uzbekistan since 2021. As a subsidiary of TBC Bank Group PLC (the parent company of Georgia’s leading banking group), TBC Bank Uzbekistan provides fully digital banking experiences, offering services such as money transfers, loans, deposits, instalments, bank cards, and bill payments.
Uzbekistan has remained the top recipient of EBRD funding in Central Asia for four consecutive years. To date, the Bank has invested approximately 4.95 billion euro in 167 projects, with a strong focus on fostering private entrepreneurship.
