Tbilisi (GBC) - TBC Uzbekistan ended 1Q26 with a net profit of 93 billion soums (≈ $7.7 million) and total operating income of 700 billion soums (≈ $57.7 million), recording solid growth across all key business lines, from retail lending to SaaS solutions for entrepreneurs.

The total audience of the ecosystem, which includes TBC Bank in Uzbekistan, payment service payme, installment service TBC BNPL, digital insurance platform TBC Sug'urta and SaaS solution for retail BILLZ, reached 24.2 million registered users as of March 31, 2026 - 23% more than a year ago. The monthly active audience was 5.8 million people.

The volume of payments made through the ecosystem platforms increased by 31.1% year-on-year and reached 31.8 trillion soums (≈ $2.62 billion). The deposit portfolio increased by 24.3% to 7.1 trillion soums (≈ $585 million), and the credit portfolio increased by 3.4% to 10.4 trillion soums (≈ $857 million).

Among retail products, the dynamics of the flagship debit card TBC Salom deserves special attention:

The number of TBC Salom debit cards issued during the quarter exceeded 1 million, which is five times more than the figure of 230 thousand in the same period last year. The balances on these cards make up about 4% of the total deposit portfolio. The TBC Osmon credit card has reached 183 thousand units, and the balances on it account for 9% of the total credit portfolio. The company positions itself as one of the leaders in the emerging credit card market in Uzbekistan, which, according to its estimates, is showing rapid growth along with the spread of the product among consumers.

Subscription packages available in TBC Bank and the payment application Payme attracted 1.1 million users, which is seven times more than in the previous year. The installment service TBC BNPL reached 190 thousand active users; the deferred payment function was integrated into the Payme application and Payme travel section, which doubled the sales of reservations and tickets through this channel compared to the first quarter of 2025.

TBC is also preparing to launch auto loans in Uzbekistan this year with instant approval in less than a minute. Preliminary partnership agreements have already been signed with a number of manufacturers, dealers and distributors.

The business direction TBC Biznes has 67 thousand registered clients, of which 21 thousand are active. The total number of loans issued to small and medium-sized businesses, including the self-employed, exceeded 185 thousand, which is 18% of the total loan portfolio. During the quarter, a new application TBC Biznes was launched, a multi-level subscription service was introduced to the market, and the maximum loan amount for entrepreneurs was increased to 600 million soums (≈ $49.4 thousand).

SaaS platform BILLZ processed more than 11 million transactions in the first quarter, with a total volume of 5.8 trillion soums (≈ $478 million). By the end of March, the number of its users amounted to more than 4 thousand registered business clients, and the network of active merchants exceeded 6 thousand. To cover micro and small businesses, it launched BILLZ lite, a simplified mobile version of the platform.

In the technological sphere, the company completed the implementation of the AI-assistant Lola for the entire user base, after successful testing in the Friends & Family mode at the end of 2025. In April 2026, the assistant was awarded by Global Finance as the best fintech innovation in the Asia-Pacific region. Other technological innovations of the quarter included the integration of QR-payments in TBC Bank using MSQR and CSQR formats, as well as the integration of payme into the bank’s partner network, which opened up access to more than 20 thousand merchants for TBC Bank customers.

“The past quarter was marked by significant achievements that lay the foundation for a new stage of further growth and development of our ecosystem as the region’s leading unified platform for consumers and entrepreneurs,” said Nika Kurdiani, CEO of TBC Uzbekistan. According to him, the flagship card products are rapidly growing their audience, the business direction is already yielding visible results, and the AI-assistant Lola will in the future turn into a full-fledged personal assistant that will connect corporate and retail clients into a single ecosystem.