Tbc Bank Group
TBC Bank Group is a dual-platform financial services company operating a market-leading universal bank in Georgia (35-40% market share) and a fast-growing mobile-only digital financial ecosystem in Uzbekistan with 24+ million registered users. Listed on the London Stock Exchange as an FTSE 250 constituent, it serves retail, MSME, and corporate customers across both markets.
- Company typePublic
- Founded1992
- HeadquartersTbilisi, Georgia
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Tbc Bank Group does
TBC Bank Group PLC is a dual-platform financial services company incorporated in England and Wales and listed on the London Stock Exchange (LSE: TBCG) as a constituent of the FTSE 250 Index. Founded in Georgia in 1992 with USD 500 of initial capital, the Group today operates through two structurally distinct but complementary businesses: a market-leading universal bank in Georgia (JSC TBC Bank) with 35-40% market share across all key metrics, and a high-growth mobile-only digital financial ecosystem in Uzbekistan (TBC Uzbekistan, held via TBC Digital) built from 2019-2020 onward. As of Q1 2026, the Group employs over 14,000 people, serves 7+ million digital monthly active users, and reports ROE of 23.4%.
The Georgia business delivers retail banking, MSME banking, corporate and investment banking (CIB), wealth management, leasing (TBC Leasing), insurance, and the TNET digital classifieds ecosystem, complemented by the Space digital neo-bank. The Uzbekistan business has scaled rapidly to 24+ million registered users (over half the country's population) through the TBC UZ mobile bank, Payme digital payments app, Payme Nasiya BNPL, TBC Business (digital SME banking with subscription tiers and Digital Payroll), TBC Insurance (digital credit life and personal insurance), Salom debit and Osmon credit cards, plus acquired platforms BILLZ (retail management SaaS serving 4,000+ merchants) and OLX Uzbekistan (online classifieds with 5.4 million MAU).
Revenue is generated through net interest income from lending across both markets, fee and commission income from payments (Payme, card transactions), insurance premiums, leasing, and digital classifieds (TNET), plus subscription revenue from TBC Business. TBC Uzbekistan alone generated USD 252 million in 2025 revenue (+65% YoY), contributing ~20% of Group revenue. The Group monetises AI-driven efficiency in lending (70% of loans disbursed in under 5 minutes), autonomous AI voice agents for collections and sales, and proprietary Uzbek-language LLMs (Lola) that are unique to the region. Distribution combines physical branches and field sales in Georgia with self-serve mobile-first acquisition in Uzbekistan.
Tbc Bank Group firmographics
Firmographics- Name
- Tbc Bank Group
- Legal name
- TBC Bank Group PLC
- Website
- https://tbcbankgroup.com
- Company type
- Public
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- TBC Bank Group is a dual-platform financial services company operating a market-leading universal bank in Georgia (35-40% market share) and a fast-growing mobile-only digital financial ecosystem in Uzbekistan with 24+ million registered users. Listed on the London Stock Exchange as an FTSE 250 constituent, it serves retail, MSME, and corporate customers across both markets.
- Ownership category
- akta.pro rank
Where Tbc Bank Group is headquartered
LocationHeadquarters
- HQ city
- Tbilisi
- HQ country
- Georgia
- HQ region
- Asia
Offices3 records
Markets served
Tbc Bank Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Interest Income: Interest income from lending activities including consumer loans, business loans, deposits, and credit cards across Georgia and Uzbekistan operations.
- Fee and Commission Income: Fee-generating activities including payments, insurance, leasing, and digital classifieds. Payment processing through Payme and card transactions.
- Digital Services Revenue: Revenue from digital ecosystem including TNET digital classifieds, insurance products, and SME lending services in Uzbekistan.
- Insurance Premiums: Revenue from TBC Insurance digital insurance products including credit life insurance and personal insurance products in Uzbekistan.
- Digital Ecosystem Revenue: TBC Uzbekistan generated revenue of $252 million in 2025, up 65% year-on-year, contributing approximately 20% of total Group revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Basic subscription tier for SMEs with core banking features |
| Subscription | Monthly | Premium subscription tier with expanded SME features |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels7 records
Tbc Bank Group product offering
Product offeringCore offering
TBC Bank Group is a London-listed financial services holding company operating a market-leading universal bank in Georgia (retail, MSME, corporate & investment banking, wealth management, leasing, insurance and the TNET digital classifieds ecosystem) alongside a high-growth mobile-only digital financial ecosystem in Uzbekistan built around TBC Bank Uzbekistan, Payme payments, Payme Nasiya BNPL, TBC Business, TBC Insurance and acquired platforms BILLZ and OLX Uzbekistan. The Group serves retail consumers, SMEs and large corporations across both markets with a combination of physical branches, relationship management and self-serve digital channels.
Product overview
TBC Bank Group operates as a dual-platform financial services company with two complementary business models: TBC Georgia (a market-leading universal bank) and TBC Uzbekistan (a high-growth mobile-only digital financial ecosystem). In Georgia, offerings include retail banking, corporate banking, wealth management, MSME services, leasing, insurance, and TNET classifieds ecosystem. In Uzbekistan, the ecosystem comprises TBC Bank Uzbekistan (mobile-only bank), Payme (digital payments), Payme Nasiya (installment credit/BNPL), TBC Insurance (digital insurance), TBC Business (SME banking and lending), Salom Card (debit), Osmon Credit Card, along with acquired platforms BILLZ (retail SaaS) and OLX Uzbekistan (classifieds). The Group has also developed AI capabilities including Genie (internal AI assistant in Georgia), Lola (AI banking assistant in Uzbekistan), and AI-powered loan issuance tools.
Differentiator
Problem solved
Functional benefit
Brands
- Space: Fully digital neo-bank launched in Georgia in 2018, operating as TBC's digital banking platform
- TNET
- TBC Business
- Salom Card
- Osmon
- Payme Nasiya
- TBC Insurance
- BILLZ
- OLX Uzbekistan
- Genie
- Lola
- TBC UZ
Products and services
- TBC Georgia Retail and Digital Banking Universal banking franchise in Georgia serving retail consumers, SMEs, large corporations and high-net-worth individuals through branches, digital banking app and Space neo-bank; includes accounts, deposits, consumer and business lending, cards, payments and wealth management.
- TBC Bank Uzbekistan (Mobile-Only Digital Bank) Uzbekistan's largest mobile-only digital bank offering deposits, cash loans, debit and credit cards, POS lending and digital insurance to retail consumers and SMEs via the TBC UZ mobile app.
- Payme Digital Payments App Leading digital payments app in Uzbekistan for individuals and small businesses, enabling mobile payments, transfers and merchant transactions across the TBC Uzbekistan ecosystem.
- Payme Nasiya (BNPL / Instalment Credit) Buy Now Pay Later / instalment credit product for consumers in Uzbekistan, part of the TBC Uzbekistan digital ecosystem.
- TBC Business (SME Digital Banking Platform) Uzbekistan's first fully digital business banking service offering SME lending, subscription plans with bulk transfers and unlimited budget payments, payroll processing and free transactions via the MUNIS national clearing system for SMEs.
- TBC Insurance (Digital Insurance) Fully digital insurance provider in Uzbekistan, beginning with credit life insurance and expanding into personal insurance products, fully integrated into the TBC UZ banking app.
- Salom Card (Daily Banking Debit Card) Digital debit card offered by TBC Uzbekistan for daily banking needs, used for instant payroll credits and everyday transactions across the ecosystem.
- Osmon Credit Card Credit card product launched by TBC Uzbekistan as part of its consumer credit card offering within the ecosystem.
- BILLZ Retail Management SaaS Uzbekistan's leading retail management SaaS platform offering POS, inventory, CRM, e-commerce and analytics to 4,000+ retail businesses processing 1.5 million transactions monthly; now part of the TBC Uzbekistan ecosystem.
- OLX Uzbekistan Online Classifieds Leading online classifieds platform in Uzbekistan with 5.4 million monthly active users and 2.2 million active listings, integrated into the TBC Uzbekistan digital ecosystem via a joint venture with Titan Investments.
- TNET Digital Classifieds Ecosystem (Georgia) Fully digital ecosystem in Georgia covering lifestyle, housing and auto classifieds and e-commerce, established in 2022 making TBC the leading classifieds player in Georgia.
- Space Digital Neo-Bank (Georgia) Fully digital neo-bank launched in Georgia in 2018 as TBC's standalone digital banking platform for retail customers.
- Crypto Trading in TBC Georgia App Cryptocurrency trading feature integrated into the TBC Georgia digital banking app via partnership with Bybit, allowing customers to add cryptocurrencies to their investment portfolios.
- Corporate and Investment Banking (CIB) Services Integrated corporate banking, capital markets and investment banking services for large corporations in Georgia, with relationship management focus.
- Wealth Management Services Personalised banking, investment and financial planning solutions for affluent and high-net-worth individuals combining convenience with premium services.
- TBC Leasing Comprehensive leasing solutions for MSME and retail customers in Georgia, part of the Group's fee-generating complementary services.
Quantifiable outcome
- Digital loans share reached 80% in Georgia
- +7 more outcomes
Companies that use Tbc Bank Group
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Tbc Bank Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability9 records
Feature5 records
Tbc Bank Group partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and major.
- BybitcoreBybit partnered with TBC Georgia to enable cryptocurrency trading in the digital banking app, allowing customers to add cryptocurrencies to their investment portfolios.
- Acclaim (formerly Aiphoria)coreAcclaim provides enterprise-grade voice-first AI platform for regulated industries including banking. TBC Uzbekistan handles 90% of early-stage delinquency calls and 100,000 monthly sales interactions through Acclaim's AI agents.
- TBC TechcorePayme announced reorganization through spin-off to establish TBC Tech as new legal entity to centralize IT functions and improve efficiency and scalability within TBC Uzbekistan ecosystem.
- OLX UzbekistanmajorOLX Uzbekistan, Uzbekistan's leading online classifieds platform with 5.4 million MAU and 2.2 million active listings, being integrated into TBC Uzbekistan ecosystem. Deal valued among most significant M&A in Uzbekistan in past 30 years.
- Prosus/OlX GroupmajorTBC acquired majority stake in OLX Uzbekistan from OLX Group (Prosus), Uzbekistan's 6th-most visited website with 5.4 million monthly active users and 2.2 million active listings.
- BILLZcoreTBC acquired majority stake in BILLZ, Uzbekistan's leading retail management SaaS platform. BILLZ provides POS, inventory, CRM, e-commerce and analytics to 4,000+ retail businesses processing 1.5 million transactions monthly. Acquisition valued at up to $12 million with post-money valuation of $20 million.
- TBC DigitalcoreTBC Digital is the parent company of TBC Uzbekistan ecosystem, jointly owned by TBC PLC (79.7%), EBRD (10.15%), and IFC (10.15%). Oversees TBC Bank Uzbekistan, Payme, and Payme Nasiya operations.
Scale indicators37 records
Recent moves6 records
Expansion highlights8 records
Tbc Bank Group competitors and assessment
Company assessmentBroad incumbents
- OTP Bank: Hungarian-based universal bank with extensive Central and Eastern European / CIS franchise. Comparable as a multi-country EM banking operator pursuing digital transformation across diverse emerging markets.
- Akbank: Major Turkish universal bank with strong digital banking push (Akbank Direkt). Comparable as an EM universal bank investing heavily in mobile-first customer experience and AI capabilities.
- Komerční banka: Czech universal bank majority-owned by Société Générale; useful comparable for EM European bank valuation, digital penetration rates, and capital return policies in adjacent CEE markets.
- National Bank of Greece: FTSE-listed EM European bank pursuing digital transformation; comparable as a publicly listed universal bank in a non-core Eurozone economy with strong ROE focus.
- Raiffeisen Bank International: Austrian-based universal bank with deep CEE/CIS franchise including Russia exposure. Comparable as a multi-country EM operator navigating regulatory complexity and pursuing digital ecosystem build-out.
Direct peers
- Kaspi.kz: Kazakhstan's flagship super-app combining payments, marketplace, and fintech services with banking via Kaspi Bank. Closest comparable to TBC's Uzbekistan ecosystem given the analogous mobile-first, EM super-app model and Nikoloz Kurdiani's prior MD role at Kaspi Bank.
- Bank of Georgia Group: TBC's principal domestic competitor in Georgia; LSE-listed universal bank with retail, corporate, and CIB franchises. Operates in the exact same Georgian regulatory and macroeconomic environment with overlapping customer segments.
Emerging players
- PayPay (SoftBank/Z Holdings): Japan's dominant mobile payment super-app expanding into adjacent financial services. Comparable as a digital-payments-led ecosystem building toward broader financial services, similar to TBC's Payme-led Uzbekistan expansion.
- Nubank: Latin America's leading mobile-only digital bank with a vertically integrated ecosystem (NuPay, NuInvest, etc.). Highly comparable to TBC Uzbekistan in product-led growth model, low-cost customer acquisition, and embedded ecosystem strategy.
Regional players
- Halyk Bank: Kazakhstan's largest universal bank with growing digital ecosystem (Halyk QR, Halyk Market). Direct regional comparable to TBC's universal-bank-plus-digital-ecosystem strategy in a similarly structured Central Asian economy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Tbc Bank Group social profiles
Digital presenceTbc Bank Group compliance and trust
Trust signalCompliance2 records
Tbc Bank Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tbc Bank Group leadership team
Management profileNumber of profiles
Profiles9 records
Tbc Bank Group subsidiaries and ownership
Company hierarchySubsidiaries10 records
Tbc Bank Group funding detail
Funding detailFunding overview
Funding rounds6 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tbc Bank Group M&A and investment
M&A and investmentM&A3 records
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tbc Bank Group
What does Tbc Bank Group do?
TBC Bank Group is a London-listed financial services holding company operating a market-leading universal bank in Georgia (retail, MSME, corporate & investment banking, wealth management, leasing, insurance and the TNET digital classifieds ecosystem) alongside a high-growth mobile-only digital financial ecosystem in Uzbekistan built around TBC Bank Uzbekistan, Payme payments, Payme Nasiya BNPL, TBC Business, TBC Insurance and acquired platforms BILLZ and OLX Uzbekistan. The Group serves retail consumers, SMEs and large corporations across both markets with a combination of physical branches, relationship management and self-serve digital channels.
Is Tbc Bank Group a public or private company?
Tbc Bank Group is a public company. It is classified as public and is currently operating.
When was Tbc Bank Group founded?
Tbc Bank Group was founded in 1992. It employs 5,001 to 10,000 people.
Where is Tbc Bank Group based?
Tbc Bank Group is headquartered in Tbilisi, Georgia, in the Asia region.
How does Tbc Bank Group make money?
Five revenue lines are on record. Net Interest Income is the primary driver. The others are fee and Commission Income, digital Services Revenue, insurance Premiums and digital Ecosystem Revenue.
Who are Tbc Bank Group's main competitors?
Broad incumbents on record are OTP Bank, Akbank, Komerční banka, National Bank of Greece and Raiffeisen Bank International. Direct peers are Kaspi.kz and Bank of Georgia Group. Emerging players are PayPay (SoftBank/Z Holdings) and Nubank. Halyk Bank is listed as a regional player.
Does Tbc Bank Group have an API?
No public API is recorded for Tbc Bank Group.