Under the terms of the agreement, Halyk Bank will acquire a 49% stake in Click for US$176.4 million and Click shareholders will in turn acquire a 49% stake in Tenge Bank for US$60.76 million. The structure of the transaction allows the parties to work in close partnership while maintaining their separate legal entities.

 

The partnership between Click and Halyk Bank's Uzbek subsidiary, Tenge Bank, opens up new opportunities to provide advanced financial services to the Uzbek market.

 

An investment of this scale reflects the high level of trust in the country's financial system and its participants and the significant potential for digital transformation at the regional level.

 

"This is a historic moment for Click. Partnering with Halyk Bank and expanding its capabilities with Tenge Bank is an important step forward in bringing world-class digital financial services to millions of users. At the same time, the controlling stake in Click remains with the existing shareholders and, of course, the company continues on the path of a national brand," said Click CEO Rustamov Ulugbek.

 

As part of the synergy between the companies, more than 20 million Click users will be able to access favourable and modern offers from Tenge Bank. Major projects will also be implemented in the B2B sector: more than 70,000 services co-operating with Click will also gain access to corporate banking products. This will create a unique system for entrepreneurs, where payment and banking solutions are integrated into a single digital environment.

 

The partnership will become an important factor in strengthening the position of Uzbekistan's private sector in the international arena and will make a significant contribution to the development of the investment climate in Central Asia.

 

The transaction is carried out in full compliance with the legislation of the participating countries. The parties are submitting the necessary documents to all relevant government agencies and will work closely with the relevant regulators to obtain the necessary authorisations. Given the continued operational and legal independence of both organisations, it is expected that the approval process will be completed within a short timeframe.

 

About Click

 

Click is a fintech company in Uzbekistan, serving more than 20 million users. In 2024, Click has transformed into a superapp, combining a wide range of its own and partner services - from payments and insurance to delivery, car services and charity. At the end of 2024, the company's revenue grew by 35.3 per cent and profit by 37.5 per cent. Click holds the No. 1 Payment Institution Licence, is PCI DSS 4.0 certified, invests in artificial intelligence, green energy solutions and supports the social initiatives of Yashil Meros and Inson Uchun.

 

According to IFRS data, the net profit of the payment organisation CLICK JSC for 2024 under IFRS amounted to 295.1 billion soums and increased by 43.8% compared to 2023 (205.2 billion soums). Revenue for last year showed growth of 42.8% and reached 516.4 billion soums.

 

About Tenge Bank

 

JSCB ‘Tenge Bank’ is a universal bank, which provides a wide range of financial services to large and medium-sized corporate clients, small and micro businesses, as well as retail customers using modern banking technologies. Currently, Tenge Bank is a 100% subsidiary of JSC Halyk Bank (Halyk Bank). As at 31 March 2025, Tenge Bank's total IFRS loan portfolio exceeded UZS 4.5 trillion and total IFRS assets exceeded UZS 7.7 trillion.

 

Continuity of operations

 

Click and Tenge Bank will continue to operate as separate legal entities. All customers will be served on the same terms and conditions, all existing contracts remain in force and all obligations of both companies will be honoured in full and on time.