Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Sunday, January 21, 2018

Liberty Bank announces launch of new credit card

Georgia's private Liberty Bank recently announced the launch of a new shopping credit card that offers a discount of up to 50 percent at various retailers and service providers.

The card also allows online shopping at any store accepting Visa and can be used for the payment of utilities and other bills.

Liberty Bank, formerly the People's Bank of Georgia, is the seventh largest bank in the country by total assets, with a 3.4 percent market share.

In September 2009, 91.2 percent of Liberty Bank's shares were acquired by Liberty Investments Holding B.V., a newly established joint venture of Georgia's former Prime Minister Lado Gurgenidze and Romanian tycoon Dinu Patriciu.

One of the bank's subsidiaries, Smartex, offers postal services within Georgia and overseas. Another, Bus Stop, offers commercial space at more than 300 bus stops in the Georgian capital of Tbilisi.