20 November, 2009

People’s Bank of Georgia Announces Senior Appointments

Lado Gurgenidze, Chairman of the Supervisory Board and Chief Executive Officer of JSC People’s Bank of Georgia (“PBG” or the “Bank”) presented today the new senior- and middle-management appointments. Since the purchase of PBG by Liberty Capital in September 2009, 16 individuals have joined the management team of the Bank, in addition to Lado Gurgenidze. The new management team members come from various backgrounds, and have had prior professional experience at the leading Georgian banks as well as international banks such as UBS, BNP Paribas, Société Générale and ProCredit Bank and professional services firms such as Ernst & Young and DLA Piper.