Banking
Posted: 2 years ago

GFG Replenishes Stake in Liberty Bank to 91.2%

Georgian Financial Group (GFG) has replenished its stake in Liberty Bank to 91.18%.

At the end of the second quarter, the bank’s majority stakeholders owned only 75% stake. After the new deal, the stake rose by 16%.

In August 2019, deals worth 18 million GEL were made on Liberty Bank shares. At the end of the third quarter, the bank’s profits marked 16.1 million GEL.