Basisbank Successfully Completes Acquisition of Liberty Bank
Basisbank has successfully completed the acquisition of Liberty Bank, securing a 95.99% ownership stake following all necessary regulatory approvals.
This transaction marks a significant milestone in the development of Georgia’s banking sector and creates new opportunities in the market. The combined strength of two successful financial institutions with complementary capabilities, will significantly enhance competition and enable the delivery of a broader range of financial products and services to customers.
“This transaction marks a defining moment in the history of two successful banks. The acquisition of Liberty Bank creates a unique opportunity to leverage the synergy of human expertise and technological capabilities to build a strong universal financial platform, equally focused on the development of both business and retail segments.
Through this transaction, we are strengthening competition in the market while delivering greater value to our customers. With increased capacity, we will expand access to financing and unlock new opportunities for businesses, playing a significant role in driving Georgia’s economic growth” said David Tsaava, General Director of JSC Basisbank.
Beka Gogichaishvili, General Director of JSC Liberty Bank, commented: “It has been a privilege to lead the Liberty team during a period of significant transformation and growth. I would like to express my sincere gratitude to our employees for their professionalism, dedication, and commitment, which have been fundamental to the bank’s success. I am confident that this transaction will open a new chapter for the bank, creating additional opportunities for our customers, our team, and the broader financial sector, while contributing to the development of Georgia’s economy.”
To ensure strong governance and seamless transition, David Tsaava will assume the role of General Director of both Basisbank and Liberty Bank.
At this stage, both institutions continue to operate independently, ensuring full continuity of services, products, and customer experience.
About Basisbank
Basisbank is one of the largest financial institutions in Georgia, offering banking, leasing, and insurance services to corporate clients, small and medium-sized enterprises, and retail customers. The bank creates a comprehensive ecosystem focused on customer success and long-term trust.
According to 2025 financial results, the bank’s total assets amount to GEL 4.9 billion, with a gross loan portfolio of GEL 3.3 billion, a deposit portfolio of GEL 3.5 billion and net profit of GEL 122.4 million.
About Liberty Bank
Liberty Bank is one of the largest financial institutions in Georgia, with over 1.7 million retail clients and more than 60,000 SME customers.
The bank operates the most extensive network in the country, with approximately 500 service centers and up to 700 ATMs, covering all regions and municipalities. The number of employees exceeds 5,600.
The bank’s total assets amount to GEL 5.8 billion, with a gross loan portfolio of GEL 4.2 billion, a deposit portfolio of GEL 4.17 billion and net profit of GEL 128 million for 2025.
Other News
Kazakhstan announces just energy transition investment platform
23.04.2026.16:59
Kazakhstan has today, at the Regional Ecological Summit 2026 in Astana, announced its just energy transition investment platform (QaJET), as part of its climate, economic resilience and development goals.
QaJET reflects the country’s ambition to advance clean energy transition by deploying 10 GW of new renewable capacity by 2035. This will entail around US$ 20 billion (€17.4 billion) of investment from a range of private and state sources, and will lead to the reduction of greenhouse gas (GHG) emissions by more than 20 million tonnes a year. This represents approximately 7 per cent of the country’s energy-related GHG emissions.
A memorandum of understanding (MoU) was signed by Kazakhstan’s Minister of Energy Yerlan Akkenzhenov, Minister of Ecology and Natural Resources Yerlan Nyssanbayev, and EBRD Managing Director, Central Asia and Mongolia, Hüseyin Özhan. The MoU establishes the foundation for cooperation with international financial institutions, donors, philanthropic organisations and private investors supporting QaJET’s implementation.
This is a significant milestone for Kazakhstan, which has a carbon-intensive heavy industry and relies significantly on coal for electricity generation. At the request of the government of Kazakhstan, the EBRD has been helping the ministries to develop the concept of QaJET and will continue to lead the coordination of its implementation with national and international partners.
QaJET reinforces Kazakhstan’s existing commitment to achieving carbon neutrality by 2060 and, as set out in its Nationally Determined Contribution, to reducing its net GHG emissions by up to 25 per cent by 2030 compared to 1990 levels.
In addition, the QaJET platform will contribute to greater energy security for the country, improve economic competitiveness and resilience, and stimulate the local production of technologically advanced renewable energy components and related services.
Areas of cooperation under QaJET will include:
The EBRD will draw on lessons learned from previous EBRD-supported country platforms, such as Egypt’s Nexus for Water, Food and Energy (NWFE) – Energy Pillar, the North Macedonia Just Energy Transition Investment Platform (JETIP), and the Türkiye Industrial Decarbonisation Investment Platform (TIDIP).
The EBRD has invested almost US$ 12 billion (€10.2 billion) in Kazakhstan to date through 345 projects, making the country the largest and longest‑running recipient of EBRD investment in Central Asia.
