GEO
15 March, 2022

Liberty has completed the transfer of VTB Bank Georgia's SME portfolio

Liberty has completed the transfer of VTB Bank Georgia's SME portfolio

 

The process of transferring JSC VTB Bank Georgia's small and medium-sized business deposits and loan portfolios to JSC Liberty Bank has been completed. Relevant communication on porting was resolved individually with each client, preserving the interests of all borrowers and depositors.

JSC Liberty Bank serves the small and medium-sized business depositors and borrowers of VTB Bank Georgia in its branches. Customers continue to receive detailed information from service bankers without any interruption.

JSC Liberty Bank is Georgia's third-largest system bank, with GEL 3 billion in assets and 1.7 million customers, and 50,000 small, medium, and large businesses.