Liberty Bank (Georgia)
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 a private bank in Georgia, the third largest in the country by total assets with 5.6% market share as of June 2017.[1] It has the largest network of branches in Georgia.
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Joint Stock Company | |
Traded as | GeSE: BANK |
Industry | Banking, Financial services |
Founded | 1994 |
Founder | Lado Gurgenidze, Dinu Patriciu |
Headquarters | , |
Website | www |
History
Liberty Bank is the successor to the state-owned “AgroMretsvBank” which was privatised in 1994 and 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, while the bank was renamed Liberty Bank.[2]
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).
External links
References
- "European Financial Group purchases 74.64% shares of Liberty Bank". Agenda.ge. Retrieved 2 January 2019.
- 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.