TBC Bank Group Completes OLX Uzbekistan Acquisition

TBC Bank Group has completed the acquisition of a majority stake in OLX Uzbekistan through a joint venture with Titan Investments, giving TBC 50% plus one share and Titan the remaining stake. The deal, completed on July 24, 2026, received the necessary approval from Uzbekistan’s Committee for the Development of Competition and Consumer Protection, with share transfer registration expected soon. OLX Uzbekistan will continue to operate as an independent platform under the OLX brand, while TBC Uzbekistan plans to layer in financial and payment services to deepen user and business engagement. The platform ranks among Uzbekistan’s top 10 sites, attracting around 5 million monthly active users and hosting about 2 million active listings across categories, reaching roughly 17% of the country’s active internet audience. The move expands TBC’s digital ecosystem in Uzbekistan and positions it to leverage cross-selling opportunities across its growing regional footprint. Titan Investments brings additional scale and regional experience to support OLX Uzbekistan’s growth as part of TBC’s broader diversification strategy.