Turon Bank
Turonbank is a universal commercial bank in Uzbekistan, licensed by the Central Bank, serving retail, SME, corporate, and financial institution clients through 21 regional service centers and digital channels (MyTuron, Turon Business, internet banking).
- Company typePrivate
- Founded2014
- HeadquartersTashkent, Uzbekistan
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Turon Bank does
Turonbank (JSCB Turonbank) is a universal commercial bank headquartered in Tashkent, Uzbekistan, licensed by the Central Bank of Uzbekistan (License No. 8, December 25, 2021). The bank serves retail individuals, small and medium enterprises, corporate clients, and financial institutions through 21 regional service centers and dedicated helplines covering all major Uzbek regions. Its product suite spans deposits (national currency rates up to 18% annually, foreign currency up to 3%), credit products including microloans, mortgages, auto loans, and a renewable energy loan (ECOPANEL), payment cards on Humo, Uzcard, Visa, and Mastercard rails, international money transfers, currency exchange across seven currencies, and gold bullion sales.
The bank operates a digital banking platform comprising the MyTuron retail mobile app, the Turon Business corporate mobile app, a web-based internet banking system, and a 24/7 call center. Remote customer onboarding is enabled through integration with the government-backed MyID identification system, allowing account opening without a branch visit. The bank holds ISO 37001:2016 anti-bribery management system certification and benefits from state deposit insurance under Uzbekistan's regulatory framework.
Revenue is generated primarily through interest income from the lending portfolio, net interest margin on deposit operations, transaction and service fees on transfers, currency exchange, and card operations, plus plastic card issuance commissions. The bank extends its reach through a multi-channel distribution network of physical branches, self-serve mobile and web channels, ATM and payment terminals (including HUMO PAY QR), and correspondent banking relationships for international transfers. A non-banking extension, TuronMarket, is operated as a digital marketplace.
Turon Bank firmographics
Firmographics- Name
- Turon Bank
- Legal name
- Joint-Stock commercial bank «Turonbank» (ATB)
- Website
- https://turonbank.uz
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Turonbank is a universal commercial bank in Uzbekistan, licensed by the Central Bank, serving retail, SME, corporate, and financial institution clients through 21 regional service centers and digital channels (MyTuron, Turon Business, internet banking).
- Ownership category
- akta.pro rank
Turon Bank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
Keywords
Where Turon Bank is headquartered
LocationHeadquarters
- HQ city
- Tashkent
- HQ country
- Uzbekistan
- HQ region
- Asia
Offices21 records
Markets served
Turon Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Interest Income: Income from lending activities including micro-loans, mortgages, auto loans, business credit, and consumer loans at various interest rates
- Deposit Operations: Accepting customer deposits in national and foreign currency, offering interest rates up to 18% in UZS and 3% in foreign currency
- Transaction and Service Fees: Fees from money transfers, currency exchange, plastic card operations, and account management services
- Plastic Card Operations: Issuance and management of Humo, Uzcard, Visa, and Mastercard cards with associated commission income
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Maximum Online Deposit - up to 18% annual return |
| Subscription | Annual | Imkoniyat Plyus Deposit |
| Subscription | Annual | Meros USD Deposit |
| Usage-based | Pay-as-you-go | Online Micro-loan - up to 300 million UZS |
| Usage-based | Multi-year contract | Fayzli Maskan Mortgage Credit |
| Usage-based | Multi-year contract | ECOPANEL Renewable Energy Credit |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels4 records
Turon Bank product offering
Product offeringCore offering
Turon Bank is a universal commercial bank offering deposits, consumer and corporate credit, payment cards, money transfers, currency exchange, and precious metals to retail, SME, and corporate customers in Uzbekistan. Services are delivered through 21 regional branches, mobile apps (MyTuron and Turon Business), and Internet Banking under Central Bank of Uzbekistan License No. 8.
Product overview
Turon Bank (JSCB Turonbank) is a Universal Commercial Bank operating in Uzbekistan, offering a comprehensive digital banking platform with mobile applications (MyTuron for retail customers and Turon Business for corporate clients), internet banking services, and a full suite of traditional banking products. The product portfolio includes deposit products (Maksimum, Imkoniyat plyus, Kelajak poydevori, Meros, Turon Oltin), credit products (Mikroqarz microloans, ECOPANEL renewable energy loans, auto loans, mortgages), payment cards (Humo, Uzcard, Visa, Mastercard), international money transfers, currency exchange, and gold bullion sales. The bank operates on a platform-based model with remote banking services, internet banking, and mobile applications providing 24/7 access to banking services.
Differentiator
Problem solved
Functional benefit
Brands
- MyTuron: Mobile banking application for retail (individual) clients, enabling account management, micro-loan applications, card management, and payments.
- Turon Business
Products and services
- MyTuron Mobile Banking Application
Quantifiable outcome
- Deposit rates up to 18% annually in national currency
- +2 more outcomes
Companies that use Turon Bank
Customer profileSegments4 records
Ideal customer profiles4 records
Turon Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Turon Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- UzcardcoreNational payment system operator for card processing and transactions. Turonbank issues UZCARD cards and participates in the national payment infrastructure.
- HumocoreNational payment system for card issuance and processing. The bank offers HUMO payment cards and participates in the HUMO PAY QR code payment system.
- Visa InternationalcoreInternational payment network partnership enabling issuance of Visa Classic, Visa Business, and Visa Gold cards for international transactions.
- MastercardcoreInternational payment network for Mastercard Standard, Mastercard Gold, and co-branded Mastercard Turist.uz cards.
- MyID SystemcoreGovernment-backed remote identification system enabling digital customer onboarding without physical branch visit through the MyTuron mobile application.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Turon Bank competitors and assessment
Company assessmentDirect peers
- Asaka Bank: Major Uzbek state-owned joint-stock commercial bank offering retail, SME and corporate banking including deposits, lending, plastic cards and correspondent services — directly comparable product breadth and customer base to Turon.
- Aloqabank: Uzbek state-owned bank focused on communications-sector and broader retail/SME/corporate banking. Comparable universal-bank model and Uzbek single-market orientation make it a direct regional peer.
- Ipoteka Bank: Uzbek state-owned bank with strong emphasis on mortgage lending alongside general retail and corporate banking. Comparable to Turon on universal-banking posture and government alignment, with deeper mortgage specialization.
- Kapitalbank: One of the larger privately-held Uzbek commercial banks, offering deposits, consumer credit, plastic cards and digital banking across retail and SME segments — a direct competitor on product suite and target segments.
- National Bank of Uzbekistan (NBU): The dominant state-owned universal commercial bank in Uzbekistan. Most directly comparable to Turon in product mix (deposits, lending, cards, FX) and customer segments (retail/SME/corporate), but with materially larger scale and entrenched government relationships.
- Qishloq Qurilish Bank: Uzbek state-owned bank focused on agricultural and rural lending with broader commercial banking services. Comparable to Turon's state-aligned universal-banking model and Uzbek single-market footprint.
Regional players
- Halyk Bank: Kazakhstan's largest universal commercial bank offering retail, SME, and corporate banking across Central Asia. Comparable universal-bank model and product breadth, but with primary geographic focus on Kazakhstan — a useful regional benchmark for Turon's growth trajectory.
Emerging players
- Kaspi.kz: Kazakhstan's leading digital-first super-app combining payments, marketplace and consumer finance. Relevant as a benchmark for how a Central Asian bank can scale retail and SME banking via mobile-first digital infrastructure — comparable to Turon's MyTuron/Turon Business mobile strategy.
- TBC Bank (Georgia/Uzbekistan): Georgia-headquartered TBC operates a Universal Bank in Uzbekistan (TBC Bank Uzbekistan) targeting retail and SME customers via digital channels. Comparable to Turon on direct-to-consumer digital banking strategy and Uzbekistan single-market focus.
Broad incumbents
- Sberbank Uzbekistan: Uzbek subsidiary of Sberbank (Russia), one of the broadest incumbents in the CIS banking market. Overlaps with Turon on retail deposits, cards, lending and digital channels, with deeper capital base and Russian-parent backing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Turon Bank social profiles
Digital presenceTuron Bank compliance and trust
Trust signalCompliance2 records
Turon Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Turon Bank leadership team
Management profileNumber of profiles
Turon Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Turon Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Turon Bank
What does Turon Bank do?
Turon Bank is a universal commercial bank offering deposits, consumer and corporate credit, payment cards, money transfers, currency exchange, and precious metals to retail, SME, and corporate customers in Uzbekistan. Services are delivered through 21 regional branches, mobile apps (MyTuron and Turon Business), and Internet Banking under Central Bank of Uzbekistan License No. 8.
Is Turon Bank a public or private company?
Turon Bank is a private company. It is classified as unknown and is currently operating.
When was Turon Bank founded?
Turon Bank was founded in 2014. It employs 11 to 50 people.
Where is Turon Bank based?
Turon Bank is headquartered in Tashkent, Uzbekistan, in the Asia region.
How does Turon Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are deposit Operations, transaction and Service Fees and plastic Card Operations.
Who are Turon Bank's main competitors?
Direct peers on record are Asaka Bank, Aloqabank, Ipoteka Bank, Kapitalbank, National Bank of Uzbekistan (NBU) and Qishloq Qurilish Bank. Halyk Bank is listed as a regional player. Emerging players are Kaspi.kz and TBC Bank (Georgia/Uzbekistan). Sberbank Uzbekistan is listed as a broad incumbent.
Does Turon Bank have an API?
Yes. Turonbank provides Internet Banking for corporate clients with key drivers available for download. The system enables remote access to personal bank accounts in real-time mode, allowing viewing and printing of incoming and outgoing payment documents, SWIFT transfers, and foreign currency operations. Developer documentation is at cbsib.turonbank.uz.
What industry is Turon Bank in?
Turon Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks). Its NAICS code is 52211 and its SIC code is 6022.