TBC Bank Uzbekistan attracted record investments for expansion and development
Author - Mansur Ismagulov
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TBC Bank Uzbekistan attracted record investments totaling $38,200,000. Of this amount, $23,000,000 will be provided by the parent company TBC Bank Group, with $7,600,000 each from the International Finance Corporation and the European Bank for Reconstruction and Development. The funds are directed toward expanding the loan portfolio and launching new products for micro and small businesses.
TBC Bank Uzbekistan is attracting additional investments as part of the fifth round. The investment volume has become record-breaking for the bank — $38,200,000. Of this amount, $23,000,000 will be provided by its parent company, TBC Bank Group, while the International Finance Corporation and the European Bank for Reconstruction and Development will each contribute $7,600,000.
Through recapitalization, the neobank plans to continue expanding its loan portfolio. Part of the funds will be invested in launching new products and services, including those for micro and small businesses.
Source: spot.uz
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