Bank Republic, one of the Georgia's oldest privately owned banks, was founded in 1991. Bank Republic is a leading commercial bank with rapid expansion of operations in Corporate, Retail banking and Financial Services in Georgia. Employing more than 1000 people, the Bank serves its clients through 37 branches and service centers.
In 2006, Societe Generale Group took over controlling interests in Bank Republic (60% stakes). SG increased its shares up to 80% in 2009. The access to the global expertise of Societe Generale Group is one of the main strengths for Bank Republic. The Bank is equally strong in Corporate banking as well as in Retail banking and can provide any kind of investment banking services through SocGen Group. Bank Republic is very active in mortgage credit market, in consumer finance segment and is seriously represented in micro financing, providing considerable assistance to small entrepreneurs not only in Tbilisi, but throughout Georgia.
Year 2010 has been very active year for the banking sector, outstanding with the recovery actions and aggressive marketing strategies for full rehabilitation of the commercial status, strengthening the position and promotion of the new products and solutions.
Bank Republic, as the active member of the banking industry, implements very active strategic actions and offers very beneficial and innovative products to customers. In the end of 2011 and beginning of 2011, BR significantly eased the crediting terms and presented the cheapest rates ever on the Georgian market, assessed by the society as “very positive campaigns” thus proving to be utterly popular and successful ultimately leading to the increase of the credit portfolio of the Bank. Bank Republic will offer more interesting and attractive solutions to the customers in future.
CSR remained one of the priority issues for Bank Republic and many interesting social projects are implemented for the benefit of the society where we live and operate.