TBC Bank Uzbekistan (TBC UZ) has secured US$12.5 million in financing from Dutch impact investment firm Triple Jump.
The funds will support the bank’s efforts to diversify its funding base and expand financial inclusion in Uzbekistan, particularly through the rollout of its new SME lending product.
The financing comprises US$5 million from the Global Gender-Smart Fund (GGSF), which is managed by Triple Jump, and US$7.5 million from Triple Jump’s ASN Microkredietpool Fund.
Both funds are focused on supporting access to responsible financial services in emerging markets, with the GGSF specifically targeting women and businesses owned or led by women.
The capital injection will enable TBC UZ to broaden its lending activities to underserved communities, with a particular emphasis on improving access to finance for women and women-led enterprises.
Nika Kurdiani, CEO of TBC Uzbekistan, said:
“It will help expand our reach in the SME lending segment, which is set to become a key part of our loan portfolio going forward, helping achieve our shared vision of improving access to world-class financial services in developing markets like Uzbekistan and driving economic growth across the country.”
Jarri Jung, Director of Financial Institutions at Triple Jump, commented:
“TBC is already driving meaningful progress in expanding financial access in Uzbekistan, and we hope this investment from two of our funds will help them make an even greater impact.”
This latest agreement brings Triple Jump’s total financing commitment to TBC UZ to US$22.5 million, following an initial US$10 million debt facility provided via the GGSF in November 2024.
It follows an additional US$20 million debt funding agreement with Swiss impact investor BlueOrchard in April 2025, bringing total institutional investment in TBC UZ to US$45 million to date.
TBC UZ is part of the broader TBC Uzbekistan digital financial ecosystem, which includes the Payme digital payments platform and Payme Nasiya, a consumer credit service.
TBC Uzbekistan is a subsidiary of London-listed TBC Bank Group PLC.
Featured image credit: TBC UZ
