BasisBank has JOINED BUSINESS ASSOCIATION OF GEORGIA

20 May '15

BasisBank has Joined Business Association of Georgia.
BasisBank was founded in 1993. The bank’s management directed all their resources to accomplish a major business conception –creation of a niche Bank with a customer-focused approach based on strong communication ties with customers. Throughout the early years of operation, the Bank was steadily growing, raised awareness and gained the status of a reliable partner in the region.
In 2008, EBRD became the owner of a 15% block of shares of BasisBank. In 2012, the largest Chinese company Hualing Group purchased 90% of the bank's shares. Today, this proportion has increased to 99.8%. The Hualing Group started investment projects in Georgia since 2007. So far, Hualing Group carried out 5 major investment projects in Georgia, with a total investment amount of 500 000 000 US dollars by the end of 2014. Based on data of 2014 year Hualing Group was nominated as leading, foreign investment company in Georgia.
Today annual turnover of BasisBank exceeds 46 million GEL. The amount of taxes equals to 4.6 million GEL. The bank employs to more than 300 persons.