Preferred Local Banking Partner for Foreign Investors

Basisbank is a true success story in Georgia’s banking sector. David Tsaava, Acting CEO, explains, “The EBRD has acquired a 15% stake in Basisbank, and together we are building a successful mid-sized bank which will continue to grow and implement best practices. Having both EBRD and local shares is an advantage for our bank and pushes us forward.”

Basisbank was the first bank in Georgia to offer credit cards and is well known for its high quality products and services. Its assets, deposits, services and customer base continue to grow. “We aim to double our assets, expand our branch network, offer even more services for small and medium-sized enterprises, and attract international partners who can help us provide more credit lines and maintain our expansion. We are the ideal bank for foreign investors here in Georgia,” David Tsaava says. He adds that the bank’s personal approach is the key to its success.

As the EBRD’s involvement in the bank demonstrates, Basisbank meets the highest international standards of quality and transparency. David Tsaava concludes, “Georgia is the best investment opportunity in the region, and Basisbank is the best opportunity in Georgia’s banking sector.”