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0 0 0 0 -0.000589970501474809 -0.000589970501474809 -0.000589970501474809 0.0386430678466077
Stock impact report

BasisBank buys 95.99% of Liberty Bank [Yahoo! Finance]

SOCIETE GENL FRNCE S/ADR (SCGLY) 
NASDAQ:AMEX Investor Relations: societegenerale.com/en/investors
Company Research Source: Yahoo! Finance
Liberty Bank serves more than 1.7 million retail customers and over 60,000 small and medium-sized businesses. It has the widest branch and service network in Georgia, with about 500 service centres and as many as 700 cash machines across all regions and municipalities. The bank employs more than 5,600 people. Liberty Bank has total assets of La5.8bn ($2.12bn), a gross loan book of La4.2bn, deposits of La 4.17bn and net profit of La128m for 2025. Liberty Bank JSC general director Beka Gogichaishvili commented: “It has been a privilege to lead the Liberty team during a period of significant transformation and growth. “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.” BasisBank said the deal is an important development for Georgia's banking industry and may open up further market opportunities. Show less Read more
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