Tashkent, Uzbekistan (UzDaily.com) — TBC Bank has secured additional financing of US$20 million from a fund managed by the Swiss company BlueOrchard Finance Ltd (BlueOrchard), which specializes in impact investing.

With this new agreement, the total funds raised through BlueOrchard have reached US$45 million. The initial agreement between the parties was signed in August 2024 and included US$25 million in funding.

The raised funds will be directed towards expanding TBC Bank's loan portfolio and increasing the availability of financial services in Uzbekistan, with a particular focus on supporting small and medium-sized businesses (SMEs).

Nika Kurdiani, CEO of TBC Uzbekistan, noted that the expanded cooperation with BlueOrchard comes just before the launch of SME lending. He emphasized that the additional investments will allow the bank to diversify its funding sources and provide entrepreneurs with quick and convenient access to credit resources needed for their growth and to strengthen the country’s economy.

Philipp Müller, CEO of BlueOrchard, highlighted that TBC's strategy to expand financial accessibility in Uzbekistan fully aligns with the company's values. He expressed confidence that the funds raised will help the bank continue supporting the development of small and medium-sized businesses in the region.