TASHKENT, Uzbekistan, May 10. TBC Bank Uzbekistan’s gross loans amounted to 929 million lari ($347.3 million) from January through March 2024, Trend reports.
According to the bank’s report, this figure has increased by 127 percent year-on-year (408 million lari, or $152.5 million in January–March 2023).
The bank's share in retail lending reached 15.3 percent from January through March 2024.
Moreover, the volume of TBC Bank Uzbekistan's gross loans reached 797 million lari ($297.9 million) as of December 31, 2023.
Meanwhile, TBC Bank Uzbekistan earned a net profit of $5.4 million in 2023.
TBC Bank Uzbekistan's monthly active users surged 2.3 times to 965,000, while the loan portfolio grew more than 2.3 times to $301.7 million.
The loan portfolio grew more than 2.3 times and amounted to $301.7 million. This expansion reflects customers' confidence in TBC Bank Uzbekistan's offerings and its ability to effectively meet their financial needs.