Home / Tag Archives: liberty bank

Tag Archives: liberty bank

Lado Gurgenidze Quits Liberty Bank’s Supervisory Board

Ex Prime Minister of Georgia Lado Gurgenidze has quitted the supervisory board of Liberty Bank. Changes have been registered officially. We remind you that several days ago the owner of controlling interest in Liberty Bank was replaced. The bank’s 74.64% stake was bought by the Netherlands-incorporated European Financial Group B.V. …

Read More »

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank is Market Leader in Terms of Retails Deposits

TBC Bank’s ratio on retail deposits market has risen to 40.9% (Q2/2017 -40.2%). The growth in the third quarter marked 8.3%. Meanwhile, Bank of Georgia has increased retail deposits portfolio by 6.7% quarter on quarter. Liberty Bank’s retail deposits portfolio has risen by 0.9%, VTB Bank – plus 6.3% and …

Read More »

European Financial Group Purchases 74.64% Shares of Liberty Bank

JSC Liberty Bank (the “Bank”) announced today a change of control, whereby European Financial Group B.V. (“EFG”), 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), …

Read More »

Liberty Bank Becomes a Supporter of Europe House Campaign

”Europe House” campaign responds the strategy of the Government of Georgia about communications and enlistment of Georgia in the EU and NATO for 2017-2020. In particular, one of the main messages: “The process of Georgia’s integration into the EU and NATO contributes to the creation of a safe and competitive …

Read More »

Liberty Bank Continues to Support the Rehabilitation of Children with Disability

Today, Liberty Bank Director Aleksi Khoroshvili and Director of Rehab- Children Rehabilitation David Shvelidze signed the Memorandum on Cooperation. Within the framework of the Memorandum, Liberty Bank continues to rehabilitate beneficiaries with socially vulnerable disabled status until the end of 2017, which has not yet entered the state program. The …

Read More »

Literary Contest Winners Revealed – Liberty Bank Awards The Writers

Liberty Bank

National Association for Professional Development of Teachers and Liberty Bank have awarded writers, who have won the literary contest as part of Teacher Weekly. Money awards and notebooks were transmitted to winners of first, second and third places. The first prize was won by Eka Kevanishvili for her best work …

Read More »

Assets of Commercial Banks Totaled 30.5bln GEL as of August First

Assets of commercial banks amounted to 30.5bln GEL as of August 1. According to the National Bank’s statistics, total assets (in current prices) rose by 0.3bln GEL in July (+0.8 month on month). Own funds of commercial banks amounted to 4.1bln GEL (13.4% of assets). Basisbank advanced to the 6th …

Read More »

Bank of Georgia Records Highest ROE Coefficient

Bank of Georgia Records Highest ROE Coefficient

Bank of Georgia records the highest ROE (return on equity) coefficient. One commercial bank out of 16 ones have finished the January-July period in negative indicators (International Bank of Azerbaijan (-0.5%). ROE (%) Capital (in bln) Bank of Georgia 36.8 1.758 TBC Bank 20.1 1.521 Liberty Bank 21.2 0.206 VTB …

Read More »

Lado Gurgenidze remains in Liberty Bank Supervisory Board

Georgian ex-premier and famous banker Lado Gurgenidze remains in Liberty Bank’s supervisory board. While supervisory board has three new members- Irakli (Otar) Rukhadze, Giorgi Kalandarishvil and David Shonia. The decision was already taken at the Supervisory Board meeting. We remind you that the control package of the bank is owned …

Read More »