Posted: 4 years ago

TBC Bank Obtains Preliminary Banking Licence in Uzbekistan

Georgian lender TBC Bank said it had obtained a preliminary banking licence in Uzbekistan.

The company said the development was an essential step in the process of launching its banking operations in the country in 'the near future'. 'Obtaining a banking licence is a two-step process, wherein the banks are first granted a preliminary licence after which they are expected to meet certain predefined requirements to receive the final licence,' it added. 'As previously announced, TBC's strategy is to develop a greenfield, next-generation banking ecosystem for retail and MSME customers in Uzbekistan.' 'The primary focus will be on digital channels, including our neobank, Space.'