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French Soci?t? G?n?rale Buys into Georgian Bank

The French bank Soci?t? G?n?rale announced on September 15 the acquisition of a 60% stake of the Georgian Bank Republic. The terms of the deal where not disclosed.

AFX news agency reported that the European Bank for Reconstruction and Development (ABRD) also acquired a 10% stake in Bank Republic.


Bank Republic, with 74 000 clients, had GEL 7,1 million net profit in 2005 and GEL 5,8 million net profit in the first half of 2006.

This post is also available in: ქართული (Georgian) Русский (Russian)

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