Beka Gogichaishvili, CEO of Liberty Bank, says he is confident that the acquisition of Liberty Bank by Basisbank will strengthen both Georgia’s banking sector and the overall economy. Basisbank has officially completed the deal to acquire 95.99% of Liberty Bank’s shares, following regulatory approval. The value of the transaction has not been disclosed.
“It has been a great honor to lead the Liberty team during a period of significant transformation and growth. I am deeply grateful for the professionalism and dedication of our employees, which form the foundation of the bank’s success. I am confident that this transaction will create new opportunities for the bank, its customers, and its team - ultimately strengthening the banking system and the country’s economy,” said Gogichaishvili.
Following the acquisition, Liberty Bank will be led by Basisbank’s General Director, David Tsaava, who has been the head of Basisbank since 2010. Despite the ownership change, both institutions emphasize that they will continue operating independently for now: Basisbank clients will continue to receive services at Basisbank, and Liberty Bank clients at Liberty Bank. All services, products, and customer channels remain fully functional and uninterrupted.
The potential acquisition had been under discussion since last year. In September 2025, Liberty Bank Supervisory Board Chairman Irakli Rukhadze told BMG that the bank’s financial performance had significantly improved since negotiations began, suggesting the initial transaction terms needed revision.
