TBC Bank Group PLC TBC has launched banking operations in Uzbekistan (3425R)
29 Giugno 2020 - 8:00AM
UK Regulatory
TIDMTBCG
RNS Number : 3425R
TBC Bank Group PLC
29 June 2020
TBC has launched banking operations in Uzbekistan
TBC Bank Group PLC ("TBC PLC") is pleased to announce that its
subsidiary, JSCB TBC Bank has launched its banking operations in
Uzbekistan, initially in a pilot mode for "friends and family", and
plans to extend its services to the broader population in August
2020.
In line with our asset-light and highly digitalized strategy, we
will be serving our customers mainly through our online platform,
Space, while our smart, next generation branches will be used
primarily for client relationship purposes. The first pilot branch
has already opened.
This year we will be targeting retail customers with the
following products:
o Current and savings accounts;
o Cash loans and salary backed loans;
o Cards, mobile banking, money transfers and transactional
capabilities (eg. P2P transactions, utility payments); and
o Point-of-sale consumer finance.
Vakhtang Butskhrikidze, Chief Executive Officer of TBC PLC,
commented: "The launch of banking operations in Uzbekistan is a
very significant step in TBC PLC's international expansion and is
an integral part of our digitally-led growth strategy. We are
excited and full of enthusiasm to make our contribution towards the
development of the banking sector in Uzbekistan and to offer
cutting-edge banking solutions to the Uzbek population."
Sandro Rtveladze, Chief Executive Officer of TBC Bank in
Uzbekistan, commented: "I am delighted to announce the launch of
our banking operations in Uzbekistan. Since obtaining a banking
license in April 2020, we have completed all the remaining
operational and regulatory milestones, and we are now ready to move
into a closed Beta testing process, allowing us to serve external
customers in a 'by invitation only' mode. We plan to offer our
services to the wider public sometime in August. "
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
ir@tbcbank.com.ge
About TBC Bank Group PLC ("TBC PLC")
TBC PLC is a public limited company registered in England and
Wales that was incorporated in February 2016. TBC PLC became the
parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC
PLC is listed on the London Stock Exchange under the symbol TBCG
and is a constituent of the FTSE 250 Index.
TBC Bank, together with its subsidiaries, is the leading
universal banking group in Georgia, with a total market share of
39.4% of loans and 39.8% of non-banking deposits as of 31 March
2020, according to data published by the National Bank of
Georgia.
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END
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