Tashkent, Uzbekistan (UzDaily.com) — TBC Uzbekistan’s net profit surged by 91% in 2024 compared to the previous year, reaching a record 514 billion soums.

According to the bank’s data, total operating income for the year increased by 108% to 1.9 trillion soums. TBC Uzbekistan accounted for 15% of TBC Group’s total operating income, while its share in the group’s net profit reached 8%, with a return on equity (ROE) of 26.9%.

By the end of 2024, the TBC Uzbekistan ecosystem had registered 18.4 million unique users, marking a 37% increase from the previous year. This reinforces the company’s position as one of the largest digital banking ecosystems not only in Uzbekistan but also in Central Asia. The number of monthly active users (MAU) grew by 38% to 5.9 million.

As of December 31, 2024, the bank’s loan portfolio expanded by 112%, reaching 8.07 trillion soums. The company’s market share in unsecured consumer loans continued to grow, rising from 13.9% in 2023 to 16.4% in 2024. TBC Uzbekistan now accounts for 50% of all such loans within TBC Group’s portfolio.

The total volume of deposits by the end of 2024 stood at 4.8 trillion soums, an 82% increase from the previous year. The bank’s market share in Uzbekistan’s deposit sector reached 3.6%, while its share in TBC Bank Group’s individual deposit portfolio amounted to 11%.

TBC Uzbekistan CEO Nika Kurdiani highlighted 2024 as a milestone year for the company: “We achieved record growth in key performance indicators, launched new product verticals, and made significant progress in artificial intelligence.”

"We continue our profitable growth and expand our client base, now reaching 18.4 million registered users—nearly half of Uzbekistan’s population. At the same time, we are actively investing in ecosystem development, introducing new products such as the Salom debit card, the Osmon credit card, and the TBC Business service for small and medium-sized enterprises. These solutions strengthen synergies within the ecosystem and create additional revenue streams,” he added.

"We are building the digital bank of the future by leveraging cutting-edge technology and artificial intelligence. We are already seeing the first results and will continue to drive innovation. Our goal is to simplify people’s financial lives by creating convenient and intuitive products. At the core of our success is a team of over 3,000 professionals, and I am grateful to each of them. We take pride in shaping the new face of the financial and technology sectors in Uzbekistan and Central Asia," Kurdiani emphasized.