Originally established in 1903 as Binsotsbank, Bank of Georgia is a member of Bank of Georgia Group PLC, a UK incorporated holding company. Bank of Georgia provides innovative products and services in the areas of retail, corporate and investment banking, asset and wealth management.
Becoming a client of JSC "Bank of Georgia" can be done in a few steps:
Due to regulatory requirements JSC "Bank of Georgia" performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual JSC "Bank of Georgia" will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC "Bank of Georgia" will ask to provide corporate documentation as well as information about controlling persons. JSC "Bank of Georgia" may request additional documentation or information depending on the case. JSC "Bank of Georgia" performs client's identity verification via branch visit.
JSC "Bank of Georgia" is the 1st largest bank in Georgia in terms of total assets. In 2019 its total assets were 18 323,22 mln GEL, providing the bank with the market share of 37.51%. In 2019 the bank's net income was 512,89 mln GEL.
JSC "Bank of Georgia" is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Ba2 (non-investment grade speculative).
JSC "Bank of Georgia" participates in the deposit guarantee scheme of Georgia. This deposit guarantee scheme applies to all types of deposits made by natural persons (residents and non-residents) and covers up to up to 15,000 GEL per bank per depositor. JSC "Bank of Georgia" is a member of Deposit Insurance Agency of Georgia (DIAG) and makes its contributions into it.
JSC "Bank of Georgia" is headquartered in Tbilisi.
JSC "Bank of Georgia" is authorized and supervised by the National Bank of Georgia.