Tbilisi (GBC) - The National Bank of Georgia (NBG) has launched a formal review process regarding the possible acquisition of 95.99% of Liberty Bank’s shares by JSC Basisbank.

According to NBG, the procedure aims to assess whether the proposed concentration is compatible with Georgia’s competitive banking environment.

“Both entities operate in the banking sector, and the National Bank is reviewing the potential impact of this concentration on market competition,” the statement reads.

The public and interested parties are invited to submit opinions or feedback on the potential acquisition by July 23, 2025, either by mail to 1 Zviad Gamsakhurdia Embankment, Tbilisi, or via email at info@nbg.gov.ge.