TBC Bank Uzbekistan has secured a USD 10 million credit line from responsAbility Investments AG , a Switzerland-based impact investor. The funds are designated to expand TBC Uzbekistan’s microlending initiatives, supporting the growth of the digital bank's loan portfolio and promoting financial inclusion in Uzbekistan, the most populous country in Central Asia.

As a subsidiary of TBC Group, TBC Bank Uzbekistan operates both through physical and digital channels in Georgia and as a branchless digital bank in Uzbekistan. The digital bank is a key component of Uzbekistan’s digital financial ecosystem, which includes Payme, a digital payments application for individuals and small businesses, and Payme Nasiya (Payme Instalments), an instalment credit business. This credit line complements a previous USD 10 million credit line extended earlier this year by responsAbility Investments AG’s Green Climate Partnership Fund to TBC Bank Uzbekistan.

The earlier funds were aimed at expanding the bank’s green lending initiatives to support environmentally sustainable projects. TBC Group, the parent company, emphasises its commitment to Environmental, Social, and Governance (ESG) principles. The Group holds an 'AA' MSCI ESG rating and received the EBRD’s Annual Sustainability Silver Award for environmental and social best practices in 2023.

Recently, TBC Bank Uzbekistan received a Long-Term Issuer Default Rating (IDR) of BB- from Fitch Ratings, indicating strong financial health and operational stability, aligning with the sovereign rating of Uzbekistan. Details about TBC Uzbekistan With a strategic advantage in Uzbekistan, TBC serves a growing, digitally oriented-population in a market with low retail banking penetration. TBC Uzbekistan encompasses TBC UZ, a mobile-only bank; Payme, a digital payments app; and Payme Nasiya, an instalment credit business.

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