Renewed frontier – Georgia’s TBC Bank laying groundwork for move into Uzbekistan

Will Conroy in Prague February 22, 2020

The LSE-listed lender’s CFO Giorgi Shagidze spoke to bne IntelliNews about the bank’s plans for a country that has won international plaudits for its reforms.

First EBRD equity investment in Uzbekistan in decade goes to food store chain

bne IntelliNews February 13, 2020

Development bank pulled out of country for 10 years because of ex-president’s Karimov’s track record on rights. But under reform-minded Mirziyoyev it has made an active return.

AFC Capital: Uzbekistan’s antiquated banking sector must wake up to invest-to-compete principle

Scott Osheroff in Singapore January 27, 2020

Arrival of Georgia’s TBC Bank on local market may incentivise local banks to digitise, provide good customer service and eliminate bottlenecks.

Analysis: Licence step puts Georgia’s TBC on verge of pioneering move into Uzbekistan’s state-dominated banking industry

Kanat Shaku in Almaty & Iulian Ernst in Bucharest January 24, 2020

Summer could see LSE-listed lender start banking operations in country riding wave of ‘Mirziyoyev’ reforms. Central Asian nation has low but rising penetration of banking products.