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TBC Bank ( (GB:TBCG) ) has shared an announcement.
TBC Bank Group PLC has acquired a majority stake in OLX Uzbekistan, a leading online classifieds platform, marking a significant expansion of its digital banking ecosystem in Uzbekistan. This acquisition, in partnership with Titan Investments, is expected to enhance TBC’s market presence by integrating digital banking products into OLX’s platform, thereby unlocking synergies and accelerating growth. This move aligns with TBC’s strategy to diversify and strengthen its market-leading offerings in Uzbekistan, following its recent acquisition of BILLZ retail management SaaS platform.
More about TBC Bank
TBC Bank Group PLC is a leading financial services provider, primarily operating in Georgia and Uzbekistan. It offers a range of digitally led financial services to retail and corporate customers. TBC Bank Georgia holds a significant market share in customer loans and deposits, while TBC Uzbekistan is recognized as the leading digital banking ecosystem in Central Asia with 21 million unique registered users. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Average Trading Volume: 130,434
Technical Sentiment Signal: Buy
Current Market Cap: £2.52B
For detailed information about TBCG stock, go to TipRanks’ Stock Analysis page.