Tashkent, Uzbekistan (UzDaily.com) — TBC Uzbekistan has released its consolidated IFRS financial results for the three- and six-month periods ending on 30 June 2025.

TBC Uzbekistan includes one of the country’s largest digital banks — TBC Bank, the digital payments app Payme, the installment service Payme Nasiya, and the insurance company TBC Sug‘urta.

In the second quarter and first half of 2025, the company demonstrated strong growth in key indicators, driven by an expanding customer base, growth in loan and deposit portfolios, and continuous development of its product line in Uzbekistan — the most populous country in Central Asia.

Total operating income for the first half of 2025 reached 1.543 trillion soums, doubling compared to the same period last year. Net profit grew by 30%, amounting to 254 billion soums. TBC Uzbekistan’s contribution to the entire Group’s results is impressive: it accounted for 21% of the total operating income and 8% of the net profit of TBC Bank Group.

This dynamic growth in income and profit was supported by a significant increase in lending and deposits. As of June 30, 2025, the loan portfolio reached 11.444 trillion soums, which is 113% higher than a year earlier (5.376 trillion soums). TBC Uzbekistan holds a strong position in the retail market: its share of loans to individuals stands at 5.1%, and in unsecured consumer loans — 16.5%.

Notably, 54% of all unsecured consumer loans within the Group belong to TBC Uzbekistan.

Deposits as of the same date increased to 6.225 trillion soums, up 93% year-on-year (3.228 trillion soums in June 2024). TBC Uzbekistan’s share of the retail deposit market is 4.1%, while its share in the individual deposit portfolio of TBC Bank Group is 13%.

The number of unique users of TBC Uzbekistan’s digital services grew to 20.8 million, 31% higher than last year.

The monthly active user base increased by 19%, reaching 5.7 million people. The number of active partners on the Payme platform rose by 58%, reaching 10,000.

Since its launch in Q4 2024, the company’s debit and credit cards have remained in high demand. The number of Salom Card debit cards issued reached 516,000, accounting for 1.9% of TBC Bank’s deposit portfolio. The volume of Osmon Card credit cards grew to 69,000, making up 3.7% of the bank’s loan portfolio.

In January 2025, the company introduced Payme Plus — a subscription service providing access to a package of financial and lifestyle services. By July 2025, the number of active users had reached 243,000.

In April 2025, TBC Uzbekistan entered the strategically important small and medium business segment by launching a fully digital loan product on the TBC Business platform. The same month, the insurance service TBC Sug‘urta was launched, initially offering life insurance policies linked to loans. Over the first months of operation, more than 180,000 policies were issued, with plans to expand the range of personal insurance products in the future.

In June 2025, TBC Uzbekistan acquired a controlling stake in BILLZ, the country’s leading SaaS platform specializing in retail automation. The platform serves over 4,000 retailers and processes more than 1.5 million transactions monthly.

This partnership will expand the corporate client base, increase revenue per user, and strengthen TBC Business’s market position.