Liberty Bank Georgia Expands and Grows in Georgia

Liberty Bank Georgia has been steadily expanding its presence in the state, with a strong focus on community development. The bank has established a significant number of branches across Georgia, making it a major player in the state's banking industry.

With over 50 years of experience, Liberty Bank Georgia has built a reputation for stability and reliability. This has earned it a loyal customer base, with many Georgians choosing to bank with Liberty due to its commitment to the community.

The bank's expansion efforts have been driven by a desire to meet the growing needs of Georgia's residents and businesses. By increasing its branch network and offering a range of financial services, Liberty Bank Georgia is well-positioned to continue serving the state's communities for years to come.

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Liberty Bank has its roots in the state-owned "AgroMretsvBank" which was privatised in 1994 and renamed to "People's Bank of Georgia" in 2002.

The People's Bank of Georgia had an extensive customer service network, with 210 branches across the country under the leadership of George Goguadze.

Goguadze's strategy of establishing extensive coverage around the country allowed the Bank to win a state tender for the rights of issuance of pensions and other social benefits.

At the end of 2008, the Bank had 1.5 million clients, which represented about 30% of the entire population of Georgia.

In September 2009, 91.2% of its shares were acquired by Liberty Investments Holding B.V., a joint venture of Georgia's former Prime Minister, Lado Gurgenidze and Romanian tycoon Dinu Patriciu, and the bank was renamed Liberty Bank.

Liberty Bank offers reliable service and a wide range of financial services. Their online and mobile banking works smoothly, making it easy to manage your accounts from anywhere.

You can choose from a variety of deposit options, including USD, EUR, GBP, and GEL, and enjoy high interest rates, such as 14% on tax-free GEL certificates of deposit.

Fees are low and simple, making it easy to keep more of your money. They also offer competitive foreign currency conversion rates, which can save you money on international transactions.

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The financial services industry has undergone significant growth and development in recent years, with digital transformation playing a major role.

Mobile banking adoption has increased, with 75% of online adults in the US using their smartphones to access banking services.

This shift towards mobile banking has led to a decrease in branch visits, with a 10% decline in in-person banking transactions.

The rise of fintech companies has also disrupted traditional banking models, with 60% of consumers willing to switch to a new bank if it offers a more user-friendly experience.

Digital payment methods, such as contactless cards and mobile wallets, have become increasingly popular, with 40% of consumers using these methods for everyday purchases.

The growth of digital payments has also led to a decrease in cash transactions, with 25% of consumers preferring to use digital payment methods over cash.

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Liberty Bank is the third-largest bank in the Republic of Georgia by assets, but has the most branches.

Their online and mobile banking works splendidly, and they offer excellent service in English, which is a big plus for expats.

The bank pays the highest rates in Georgia on deposits, whether on USD, EUR, GBP, or GEL, and far higher than most banks in the world.

They offer tax-free GEL certificates of deposit, which can yield up to 14% interest.

Their balance sheet is rock solid, making them a trustworthy bank to grow your money.

Fees are very low and simple, and they usually give the best deals on foreign currency conversion.

Their cards work worldwide with no problem, making them a convenient option for international transactions.

The JSC issued its first public bond in 2012, raising $100 million in funding for the country's development projects.

This marked a significant milestone in the country's financial history, as it was the first time a state-owned entity had issued a public bond.

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The bond was issued with a 5-year maturity period, allowing investors to lend money to the JSC for a fixed period of time.

The JSC used the funds raised to finance its development projects, which included infrastructure, energy, and transportation initiatives.

The bond was priced at a yield of 7.5%, making it an attractive investment opportunity for local and international investors.

The success of the bond issue paved the way for future public bond issuances by the JSC, demonstrating its ability to access international capital markets.

The JSC's first public bond was oversubscribed by 2.5 times, indicating strong demand from investors for the bond.

At Liberty Bank, your security is a top priority. Research and state-of-the-art technology have gone into ensuring that your online banking transactions are secure.

Liberty Bank uses protection programs to keep your banking transactions safe. These programs are designed to prevent unauthorized access to your accounts.

To help protect your security, be sure to browse safely with the latest version of your internet browser. This will help prevent any potential security risks.

Liberty Bank also recommends installing and updating anti-virus/spyware software regularly. This will help protect your computer from any potential threats.

If you write down your passwords, keep them in a hidden, locked location. This will help prevent anyone from accessing your accounts without your permission.

Here are some additional ways to protect your security:

Liberty Bank also offers a range of security features for business accounts. These include Authorized Access, which allows you to control who has access to your accounts.

Liberty Bank uses high-level encryption methods to protect passwords and confidential information. This ensures that your sensitive information is safe from unauthorized access.

Firewalls at Liberty Bank's server locations add an extra layer of security, preventing unauthorized access to your accounts.

Liberty Bank has a long history of supporting the Georgian communities it serves.

The bank has been involved with the United Nations Population Fund (UNFPA) since signing a Memorandum of Understanding, committing to promote a healthy and active lifestyle in those aged 60+.

Liberty Bank's CSR programme, #Libertywithheart, has been operating for many years, designed to help and provide care for those who need it most.

One of its programmes fully finances the electricity and natural gas bills for small foster homes and 52 day shelters, equating to approximately GEL500,000 throughout the year.

The bank also provides additional support with medicines and safety equipment during the pandemic.

Liberty Bank's commitment to corporate social responsibility is evident in its partnership with the UNFPA to promote gender equality and women's empowerment.

The bank is working with the UNFPA to educate those aged 60+ about Covid-19 prevention and support the 60+ Clubs for Healthy and Active Lifestyle.