Liberty Bank
Liberty Bank
About

The Liberty Bank (Georgian: ლიბერთი ბანკი, libert'i banki), formerly the People's Bank of Georgia (Georgian: საქართველოს სახალხო ბანკი, sak'art'velos sakhalkho banki) is private bank in Georgia, the third largest in the country by total assets with 5.6% market share as of June 2017. It has the largest network of branches in Georgia.

History
Liberty Bank is a successor to state-owned “AgroMretsvBank” which was privatised in 1994, renamed to “People’s Bank of Georgia” in 2002.

In September 2009 91.2% of its shares were acquired by Liberty Investments Holding B.V., a newly established joint venture of Georgia's former Prime Minister, Lado Gurgenidze, and Romanian tycoon Dinu Patriciu and the bank was renamed Liberty Bank.

In 2017, Liberty Bank announced a change of control, whereby European Financial Group B.V. , a company established and organised under the laws of the Kingdom of Netherlands, purchased 74.64% of equity interest in the Bank. The ultimate beneficial owners of the Bank are Irakli Rukhadze (US Citizen), Ben Marson (UK citizen) and Igor Alexeev (US Citizen).

 

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Company Offices

  • Georgia (headquarters)
  • Tbilisi
  • #74 Chavchavadze ave.