StockMarketWire.com - Georgian lender TBC Bank said it had obtained a preliminary banking licence in Uzbekistan.

The company said the development was an essential step in the process of launching its banking operations in the country in 'the near future'.

'Obtaining a banking licence is a two-step process, wherein the banks are first granted a preliminary licence after which they are expected to meet certain predefined requirements to receive the final licence,' it added.

'As previously announced, TBC's strategy is to develop a greenfield, next-generation banking ecosystem for retail and MSME customers in Uzbekistan.'

'The primary focus will be on digital channels, including our neobank, Space.'


At 1:12pm: [LON:TBCG] TBC Bank Group Plc share price was -7p at 1259p



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