According to Levan Gogoladze, ESG and Sustainable Finance Coordinator at the Georgian Banking Association, the recent acquisition of a majority stake in Ameriabank by Bank of Georgia represents a significant milestone in regional banking cooperation.
In an exclusive interview with BMG, Gogoladze emphasized that this strategic investment was a well-calculated decision, noting Bank of Georgia's strong position as a regional leader and its recent achievement of first place in global digital products ranking, along with its presence on the London Stock Exchange.
The banking expert expressed optimism about the deal's impact on Armenia's banking sector, particularly in terms of digital innovation. He predicted that Bank of Georgia's expertise in digital banking solutions would significantly enhance the service quality for Ameriabank's customers, leading to an improved and more comprehensive banking experience.
Earlier, BMG reported that the Bank of Georgia Group had acquired one of Armenia’s leading banks, "Ameriabank," for $303.6 million.
"Ameriabank," with assets exceeding 1 trillion AMD (over $2.5 billion), will continue to operate with its existing management while retaining its own brand and corporate identity.
According to the Bank of Georgia Group, this deal provides BOGG PLC with an opportunity to expand its scale and geographical reach by entering a neighboring, rapidly growing economy.
