Banking Group TBC records a 2Q 2025 net profit of 346 million Georgian laris (126 million USD), largely attributed to robust revenue growth in Georgia and Uzbekistan.
In the first half of 2025, TBC Bank Group PLC has solidified its position as a market leader in both Georgia and Uzbekistan. The group's strong performance is evident in its financial results for the second quarter (2Q) of 2025.
In Georgia, TBC Bank Group continues to be the leading financial services provider. According to the National Bank of Georgia, the group holds a 37.8% market share of customer loans and 38.1% of customer deposits as of June 30, 2025. The Georgian operations showed strong profitability, with a net profit of GEL 332 million (USD 121 million) in 2Q 2025, up 3% year-over-year, and a return on equity (ROE) of 23.9%. The bank's gross loans portfolio grew to GEL 28.5 billion (USD 10.5 billion), increasing by 16% year-over-year on a constant currency basis, while total customer deposits rose 14%.
In Uzbekistan, TBC Bank Group operates the largest digital banking ecosystem in Central Asia, including TBC Bank Uzbekistan (the country’s largest mobile-only bank), Payme (a leading digital payments app), and Payme Nasiya (instalment credit business). The group recorded strong top-line growth in Uzbekistan, contributing to the overall GEL 346 million (USD 126 million) net profit in 2Q 2025, up 5% year-over-year and delivered a Group ROE of 24.3%.
TBC Uzbekistan, in particular, has seen significant growth. The company had 5.7 million digital MAU and 20.8 million unique registered users as of 30 June 2025, up by 19% and 31% year-over-year (YoY) respectively. TBC Uzbekistan's flagship debit card and daily banking product, Salom Card, issued over 0.5 million cards by the end of June 2025. The company's gross loan portfolio increased to GEL 2.5 billion (USD 905 million) in 2Q 2025, representing a 105% YoY growth. TBC Uzbekistan accounts for 9% of the Group's net profit.
Retail consumers in Georgia significantly increased their digital engagement in 2Q 2025, with the share of consumer loans issued fully digitally increasing to 81%. TBC Uzbekistan's deposit portfolio increased to GEL 1.3 billion (USD 492 million) in 2Q 2025, up by 86% YoY. The company holds a 4.1% local retail deposit market share and accounts for 13% of TBC Bank Group's retail deposit portfolio.
TBC Uzbekistan has also made strategic moves to expand its operations. The company completed the rollout of TBC Insurance and agreed to acquire a majority stake in BILLZ, Uzbekistan's leading SaaS platform for businesses serving the retail sector. TBC Uzbekistan also established TBC Digital, the holding company overseeing TBC PLC's operations in Uzbekistan, and enhanced its governance and knowledge pool by appointing a supervisory board.
Overall, TBC Bank Group PLC is consistently reinforcing its status as the market leader in Georgia's banking sector and a dominant digital banking player in Uzbekistan, with robust growth in loans, deposits, profits, and customer base in both countries in the first half of 2025. The group's digital banking ecosystem in Uzbekistan now boasts 21 million unique registered users, solidifying its position as one of the largest digital banking ecosystems in Central Asia.
- The financial news site, ffnews.com, might report on TBC Bank Group PLC's strong performance in financing and investing, as they continue to lead in both Georgia and Uzbekistan's business sectors.
- In the realm of technology, TBC Bank Group PLC's operations in Uzbekistan, such as TBC Bank Uzbekistan and Payme, have created the largest digital banking ecosystem in Central Asia, showcasing their innovative approach to finance and investing.
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