Georgia’s financial sector has gained a new commercial bank, Neo Georgian Group, licensed by the National Bank. The bank has subscribed capital of GEL 61.3 million, fully paid in cash. Its 100% owner is Georgian First Digital Group, which is wholly owned by Latvian citizen Jurijs Leonenko.
Leonenko has held positions at several companies in Georgia. Since 2018, he has been a board member and major shareholder of AsKangel Alliance, while he served on Rustavi Oil’s supervisory board from 2019 to 2023. He previously worked at Baltic International Bank and Cyprus-based RCB Bank, which was owned by VTB. Leonenko is also a board member of medical equipment manufacturer PulseOn and owns two Georgian companies, Real Estate Management Company and Molgeo Invest.
Neo Georgian Group was established in September 2025, while its parent company, Georgian First Digital Group, was registered in April 2025. The bank’s supervisory board is chaired by Leonenko, with Grigori Morchiladze as deputy chair and Tamar Tkeshelashvili as a member. The executive team includes CEO Kakha Kodua, CFO Teona Giorgobiani and Head of Risk Lasha Mazanashvili.
The bank plans to offer full banking services, including deposits, consumer, mortgage and commercial lending, payment cards and online payments. It also plans to develop virtual asset conversion, transfer and custody services in line with National Bank regulations. CEO Kakha Kodua told BMG that the bank will present its strategy and plans in the near future.
