The Liberty Bank (Georgian: ლიბერთი ბანკი, libert'i banki), formerly the People's Bank of Georgia (Georgian: საქართველოს სახალხო ბანკი, sak'art'velos sakhalkho banki) is a private bank in Georgia, the third largest in the country by total assets with 5.6% market share as of June 2017. It has the largest network of branches in Georgia. Liberty Bank is the successor to the state-owned “AgroMretsvBank” which was privatised in 1994 and renamed to “People’s Bank of Georgia” in 2002. The People's Bank of Georgia had the largest customer service network in Georgia. Under the leadership of George Goguadze, the Bank opened 210 branches across the country. As Goguadze's strategy was to establish extensive coverage around the country, the Bank was able to win a state tender for the rights of issuance of pensions and other social benefits. At the end of 2008 which was the last year of Goguadze's executive operation at the JSC People's Bank, the Bank had 1.5 million clients which represent about 30% of entire Georgia's population. More information...
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