Basisbank has acquired 95.99% of the shares of Liberty Bank, the bank said in a statement. The value of the transaction has not been disclosed.
Basisbank General Director David Tsaava said the deal is expected to contribute to Georgia’s economic development.
Both banks will continue to operate independently for now. Customers of each bank will continue to use their existing services, products, and channels without changes.
Basisbank is one of Georgia’s largest financial institutions and ranks as the country’s fourth-largest bank. Its majority shareholder is the Chinese Hualing Group.
Its 2025 financial results show that the bank’s total assets amounted to 4.9 billion GEL, with a loan portfolio of 3.3 billion GEL and deposits of 3.5 billion GEL. Net profit reached 122.4 million GEL.
Liberty Bank serves more than 1.7 million individuals and over 60,000 small and medium-sized businesses. It operates one of the largest networks in Georgia, with around 500 service centers and 700 ATMs nationwide, and employs more than 5,600 people.
The bank’s assets total 5.8 billion GEL, with a loan portfolio of 4.2 billion GEL and deposits of 4.17 billion GEL. Net profit for 2025 stood at 128 million GEL.
The deal follows earlier discussions between the two banks. In November 2025, it was reported that Liberty Bank was no longer pursuing the acquisition of Basisbank, although merger talks had been ongoing.
Liberty Bank co-owner Irakli Rukhadze had previously confirmed that the bank was up for sale.
