
VTB Bank Georgia JSC
A former universal bank that divested its retail and SME banking operations in Georgia.
UGB | GeSE
Overview
Corporate Details
- ISIN(s):
- GE1100000029
- LEI:
- Country:
- Georgia
- Address:
- Chanturia 14, 0114 Tbilisi
- Website:
- https://vtb.ge/ge/individuals
- Sector:
- Financial and insurance activities
- Industry:
- Monetary intermediation
Description
VTB Bank Georgia JSC is a Georgian subsidiary of the Russian financial services provider, VTB Group. The company has historically operated as a universal banking institution, offering a comprehensive range of commercial banking products and services to retail, private, and business clients. In early 2022, following the imposition of international sanctions on its parent group, the bank underwent a significant operational restructuring. This included the transfer of its retail banking portfolio to Basisbank and its small and medium-sized enterprise (SME) portfolio to Liberty Bank, effectively divesting its primary customer-facing banking operations in Georgia.
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