Liberty Bank (Georgia)

Liberty Bank
Joint Stock Company
Industry Banking, Financial services
Founded 1994 (1994)
Founder Lado Gurgenidze, Dinu Patriciu
Headquarters Tbilisi, Georgia
Website www.libertybank.ge

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 seventh largest in the country by total assets with 3.4% market share. 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.[1]

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).

References

  1. ↑ Barron, Lisa (18 September 2013). "Liberty Bank of Georgia issues new credit card". Cistran Finance. Archived from the original on 29 October 2013. Retrieved 25 October 2013.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.