Basisbank launched operating in 1993. It was set up in the period of rather complex business environment existing in the country. However, by own efforts, it managed to build up as a stably growing financial institution with a firm base.
Basisbank provides full package of banking services, for private and corporate customers.
The most important events of the last years were the recognition by the International Financial Institutions and further strengthening cooperation with them.
The successful cooperation was proceeded with the Agreement concluded between the European Bank for Reconstruction and Development and JSC Basisbank - EBRD acquired equity stake in Basisbank.
According to EBRD the decision was taken based on the Georgian bank’s stability, experience, a huge branch network, moderate and rational management and transparent ownership.
China’s Xinjiang Hualing Industry & Trade (Group) Co. Ltd (the "Hualing Group") acquired 90% equity stake in JSC Basisbank in 2012. This acquisition is the first case for a Chinese private enterprise to acquire a foreign commercial bank.
“Hualing Group plans to expand the Bank’s service network” - stated Zhang Jun, Deputy General Manager of Hualing Group and Executive Chairman of Supervisory Board of JSC Basisbank.“Basisbank will be in a favourable and unique position to expand its client base with Chinese enterprises as well as extend the business further into Central Europe and Asia”, added Mr. Zhang.
