International Banking in Georgia
23 September 2020
Georgia is a developing country in the Caucasus region, located at the crossroads of Western Asia and Eastern Europe. Prudent macroeconomic management applied in Georgia resulted in low budget deficit, low inflation, and robust economic growth. Georgia attracts foreign investors and expatriates by her liberal tax, labor and immigration legislation, business friendly practices, low corruption, high security, mild climate and picturesque landscapes.
Residence in Georgia
- There are several investment residence permit types for investors, entrepreneurs and property buyers.
- Work residence permit in Georgia is granted not only to salaried employees, but also to entrepreneurs and freelancers.
- In July 2020, Georgia announced a migration program “Remotely from Georgia” allowing remote workers from 95 countries to apply for a work residence permit.
Taxation in Georgia
- Georgia enjoys flat income tax rate which is quite low compared with the EU member states, namely general corporate income tax rate is 15,00 %; general personal income tax rate is 20,00 %.
- In Georgia, there are a lot of tax credits and incentives for corporate and individual tax payers.
- Virtual zone persons (legal entities engaged in IT activities and holding an appropriate status) are exempt from profit tax and VAT generated outside Georgia.
- Georgia does not tax resident individuals on their foreign-source income.
- Micro-businesses and individual entrepreneurs with annual turnover of less than 30,000 GEL are exempt from tax on their business income.
- Depending on the annual turnover other individual entrepreneurs pay 1,00 – 3,00% income tax of their annual turnover.
- Georgia has neither signed the Automatic Information Exchange Agreement nor indicated a timeline of the start of the automatic information exchange.
- Georgia has FATCA agreement with the United States in effect since 10 July 2015 (Intergovernmental Agreement Model 1).
Banking Sector in Georgia
Georgian banking sector consists of 15 and is dominated by two banks, Bank of Georgia and TBC Bank, each holding a market share around 35,00% of aggregated total assets. 4 banks in Georgia have domestic capital, while 11 banks are foreign-controlled (representing 10 different countries, namely the United Kingdom, China, United States, Kazakhstan, Turkey, the Netherlands, Azerbaijan, Germany, United Arab Emirates, Russian Federation). Banks in Georgia operate as unversal banks offering retail banking and business banking to individuals and companies, domestic and international.
International Banking Services
International banking services, provided to non-residents of Georgia are mainly concentrated around traditional retail and business banking, some banks also offer private banking, wealth management, corporate and investment banking.
Bank Name Country of Origin % Market Services Clients
JSC “Bank of Georgia” Country of Origin
United Kingdom % Market 37.51% Services retail banking
business banking
corporate and investment banking
asset management
wealth management Clients natural persons
companies
JSC “Basisbank” Country of Origin
China % Market 3.48% Services retail banking
business banking Clients natural persons
companies
JSC “Cartu Bank” Country of Origin
Georgia % Market 2.74% Services retail banking
business banking
corporate banking Clients natural persons
companies
JSC “Credo Bank” Country of Origin
Georgia % Market 2.07% Services retail banking
business banking Clients natural persons
SMEs
businesses
JSC “FINCA Bank Georgia” Country of Origin
United States % Market 0.57% Services SME banking
retail banking Clients natural persons
SMEs
JSC “Halyk Bank Georgia” Country of Origin
Kazakhstan % Market 1.08% Services retail banking
business banking Clients natural persons
companies
JSC “Isbank Georgia” Country of Origin
Turkey % Market 0.56% Services retail banking
business banking Clients natural persons
companies
JSC “Liberty Bank” Country of Origin
Netherlands % Market 4.37% Services retail banking
private banking
business banking Clients natural persons
companies
JSC “PASHA Bank Georgia” Country of Origin
Azerbaijan % Market 1.01% Services corporate and investment banking
retail banking Clients companies
SMEs
natural persons
JSC “ProCredit Bank” Country of Origin
Germany % Market 3.09% Services retail banking
business banking Clients natural persons
companies
JSC “Silk Road Bank” Country of Origin
Georgia % Market 0.17% Services corporate banking
retail banking Clients natural persons
companies
JSC “TBC Bank” Country of Origin
Georgia % Market 37.48% Services retail banking
business banking Clients natural persons
companies
JSC “TeraBank” Country of Origin
United Arab Emirates % Market 2.14% Services retail banking
business banking Clients natural persons
companies
JSC “VTB Bank – Georgia” Country of Origin
Russian Federation % Market 3.46% Services retail banking
private banking
business banking Clients natural persons
companies
JSC “Ziraat Bank Georgia” Country of Origin
Turkey % Market 0.27% Services retail banking
corporate banking Clients individuals
legal entities
Market share (% Market) is calculated using total assets (2019).
Bank Accounts in Georgia
Resident and non-resident entities of Georgia can open and dispose of any accounts in national as well as any other foreign currency.
Account Opening Procedure
While some banks in Georgia offer online account opening to Georgian citizens/residents, non-resident customers can’t open an account online, and it’s necessary to visit a branch of the chosen bank. However, the account opening procedure is rather simple and straight-forward.
Account Access
All Georgian banks provide online banking services to access the account.
Account Currencies
Accounts can be opened in Georgian Laris (GEL) as well as in foreign currencies. Most commonly used foreign currencies are EUR and USD; GBP, RUB, and TRY are also offered.
International Transfers
All Georgia’s banks are connected to SWIFT, so the banks’ customers can send and receive SWIFT transfers.
Most of the banks also offer various international money transfers options like Western Union, MoneyGram, Unistream, and Zolotaya Korona.
Card Providers
Visa and MasterCard are the most commonly offered payment cards, American Express and UnionPay are also made available.
Customer Support
Georgian banks provide customer support in Georgain and English; Russian and Turkish speaking customer managers are also available.
Name Currencies Transfers Card Providers Website Languages
JSC “Bank of Georgia” Currencies
GEL
multi-currency Transfers SWIFT
Western Union
Ricogram
+7 other methods
Card Providers
Visa
MasterCard
American Express Website Languages
English
Georgian
JSC “Basisbank” Currencies
GEL
EUR
USD
GBP Transfers SWIFT
Western Union
MoneyGram
+4 other methods
Card Providers
Visa
MasterCard
UnionPay Website Languages
Georgian
English
JSC “Cartu Bank” Currencies
GEL
EUR
USD
RUB Transfers SWIFT
Western Union
Intel Express
+3 other methods
Card Providers
Visa
MasterCard Website Languages
Georgian
English
JSC “Credo Bank” Currencies
GEL
EUR
USD
other currencies Transfers SWIFT
Zolotaya Korona
Ria
+8 other methods
Card Providers
MasterCard Website Languages
Georgian
English
JSC “FINCA Bank Georgia” Currencies
GEL
EUR
USD Transfers SWIFT
Western Union
MoneyGram
+6 other methods
Card Providers
Visa Website Languages
Georgian
English
JSC “Halyk Bank Georgia” Currencies
GEL
EUR
USD Transfers SWIFT
Zolotaya Korona
Western Union
Card Providers
Visa
MasterCard Website Languages
Georgian
Russian
English
JSC “Isbank Georgia” Currencies
GEL
EUR
USD
GBP Transfers SWIFT
Card Providers
Visa Website Languages
English
Georgian
Turkish
JSC “Liberty Bank” Currencies
GEL
USD
EUR Transfers SWIFT
Western Union
Unistream
+9 other methods
Card Providers
Visa
MasterCard
UnionPay Website Languages
Georgian
English
JSC “PASHA Bank Georgia” Currencies
GEL
USD
EUR Transfers SWIFT
Card Providers n/a Website Languages
Georgian
English
JSC “ProCredit Bank” Currencies
GEL
EUR
USD Transfers SWIFT
Card Providers
MasterCard Website Languages
Georgian
English
JSC “Silk Road Bank” Currencies
GEL
EUR
USD Transfers SWIFT
Faster
Anelik
+12 other methods
Card Providers
Visa Website Languages
Georgian
English
JSC “TBC Bank” Currencies
GEL
EUR
USD
GBP Transfers SWIFT
Western Union
Unistream
+6 other methods
Card Providers
Visa
MasterCard Website Languages
Georgian
English
JSC “TeraBank” Currencies
GEL
EUR
USD Transfers SWIFT
Unistream
Intel Express
+7 other methods
Card Providers
Visa
MasterCard Website Languages
Georgian
English
JSC “VTB Bank – Georgia” Currencies
GEL
USD
EUR Transfers SWIFT
Card Providers
Visa
MasterCard Website Languages
English
Russian
JSC “Ziraat Bank Georgia” Currencies
GEL
USD
EUR
TRY Transfers SWIFT
Card Providers n/a Website Languages
Georgian
English
Turkish
JSC “Bank of Georgia”
Customer Rating
n/a
Country of Origin
United Kingdom
Originally established in 1903 as Binsotsbank, Bank of Georgia is a member of Bank of Georgia Group PLC, a UK incorporated holding company. Bank of Georgia provides innovative products and services in the areas of retail, corporate and investment banking, asset and wealth management.
JSC “Bank of Georgia” provides products and services in the areas of retail banking, business banking, corporate and investment banking, asset management, wealth management. JSC “Bank of Georgia” offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, children deposit accounts, consumer loans, car loans, mortgage loans, money transfers. JSC “Bank of Georgia” offers several money transfer options including Western Union, Ricogram, Elva, Intel Express, Ria, Unistream, MoneyGram, Zolotaya Korona, Contact. JSC “Bank of Georgia” makes its solutions available to natural persons, companies.
Current Account in JSC “Bank of Georgia”
Opening an account in JSC “Bank of Georgia” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Bank of Georgia” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Bank of Georgia” will ask to provide corporate documentation as well as information about controlling persons. JSC “Bank of Georgia” may request additional documentation or information depending on the case. JSC “Bank of Georgia” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app, SMS service.
Website Languages
English
Georgian
Mobile App (BOG mBank – Mobile Banking) Supported Languages
English
Georgian
Account Currencies
GEL
multi-currency
Card Providers
Visa
MasterCard
American Express
JSC “Basisbank”
Customer Rating
(3.8; 4 ratings)
Country of Origin
China
Basisbank was established in 1993 by a group of private individuals. In 2012 Hualing Group (China) became a majority shareholder of Basisbank in order to promote and strengthen the existing and future projects of Basisbank and to enhance Chinese-Georgian economical cooperation. Basisbank provides a broad range of retail and business banking products and services.
JSC “Basisbank” provides products and services in the areas of retail banking, business banking. JSC “Basisbank” offers a range of products including current accounts, debit cards, travel cards, credit cards, savings accounts, time deposit accounts, children deposit accounts, overdraft loans, consumer loans, car loans, mortgage loans, money transfers. JSC “Basisbank” offers several money transfer options including Western Union, MoneyGram, Intel Express, Zolotaya Korona, Unistream, Contact. JSC “Basisbank” makes its solutions available to natural persons, companies.
Current Account in JSC “Basisbank”
Opening an account in JSC “Basisbank” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Basisbank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Basisbank” will ask to provide corporate documentation as well as information about controlling persons. JSC “Basisbank” may request additional documentation or information depending on the case. JSC “Basisbank” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app.
Website Languages
Georgian
English
Mobile App (BasisBank Mobile) Supported Languages
English
Account Currencies
GEL
EUR
USD
GBP
Card Providers
Visa
MasterCard
UnionPay
JSC “Cartu Bank”
Customer Rating
(4.7; 6 ratings)
Country of Origin
Georgia
Cartu Bank was established in 1996 as JSC Rosiisky Credit-Cartu Commercial Bank and was renamed to Cartu Bank in 1998. Cartu Bank aims at making substantial contribution to the growth of Georgian economy, development of businesses and improvement of living standards for the community. Cartu Bank is focused on providing corporate and business banking products and services to Georgian companies and SMEs, but also offers a range of retail banking solutions.
JSC “Cartu Bank” provides products and services in the areas of retail banking, business banking, corporate banking. JSC “Cartu Bank” offers a range of products including current accounts, debit cards, savings accounts, time deposit accounts, children deposit accounts, certificates of deposit, business loans, documentary operations. JSC “Cartu Bank” offers several money transfer options including Western Union, Intel Express, Unistream, Zolotaya Korona, Contact. JSC “Cartu Bank” makes its solutions available to natural persons, companies.
Current Account in JSC “Cartu Bank”
Opening an account in JSC “Cartu Bank” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Cartu Bank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Cartu Bank” will ask to provide corporate documentation as well as information about controlling persons. JSC “Cartu Bank” may request additional documentation or information depending on the case. JSC “Cartu Bank” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking.
Website Languages
Georgian
English
Account Currencies
GEL
EUR
USD
RUB
Card Providers
Visa
MasterCard
JSC “Credo Bank”
Customer Rating
(4.3; 38 ratings)
Country of Origin
Georgia
Established in 2017, Credo Bank is a new innovative bank, focused on providing sustainable financial services for micro-, small- AND medium- enterprises.
JSC “Credo Bank” provides products and services in the areas of retail banking, business banking. JSC “Credo Bank” offers a range of products including current accounts, savings accounts, time deposit accounts, children deposit accounts, certificates of deposit, consumer loans, car loans, mortgage loans, student loans, business loans. JSC “Credo Bank” offers several money transfer options including Zolotaya Korona, Ria, Contact, Intel Express, Unistream, Western Union, Blizko, MoneyGram, Xpress Money, UPT. JSC “Credo Bank” makes its solutions available to natural persons, SMEs, businesses.
Current Account in JSC “Credo Bank”
Opening an account in JSC “Credo Bank” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Credo Bank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Credo Bank” will ask to provide corporate documentation as well as information about controlling persons. JSC “Credo Bank” may request additional documentation or information depending on the case. JSC “Credo Bank” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking.
Website Languages
Georgian
English
Account Currencies
GEL
EUR
USD
other currencies
Card Providers
MasterCard
JSC “FINCA Bank Georgia”
Customer Rating
(3.9; 9 ratings)
Country of Origin
United States
FINCA Bank Georgia is a member of FINCA Impact Finance Network, a group of 20 microfinance and financial institutions providing socially responsible financial services and enables low-income entrepreneurs and small business owners to invest in the future. FINCA has been present in Georgia since 1998, and obtained its banking license in 2013. FINCA Bank Georgia also provides a range of retail banking solutions.
JSC “FINCA Bank Georgia” provides products and services in the areas of SME banking, retail banking. JSC “FINCA Bank Georgia” offers a range of products including current accounts, debit cards, credit cards, saving accounts, time deposit accounts, children deposit accounts, consumer loans, business loans, agro loans, business overdraft loans. JSC “FINCA Bank Georgia” offers several money transfer options including Western Union, MoneyGram, Contact, Unistream, Zolotaya Korona, UPT, Intel Express, Ria. JSC “FINCA Bank Georgia” makes its solutions available to natural persons, SMEs.
Current Account in JSC “FINCA Bank Georgia”
Opening an account in JSC “FINCA Bank Georgia” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “FINCA Bank Georgia” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “FINCA Bank Georgia” will ask to provide corporate documentation as well as information about controlling persons. JSC “FINCA Bank Georgia” may request additional documentation or information depending on the case. JSC “FINCA Bank Georgia” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app.
Website Languages
Georgian
English
Account Currencies
GEL
EUR
USD
Card Providers
Visa
JSC “Halyk Bank Georgia”
Customer Rating
(4.4; 12 ratings)
Country of Origin
Kazakhstan
Established in 2008, Halyk Bank Georgia is a subsidiary of JSC People’s Bank of Kazakhstan. Halyk Bank Georgia provides a broad range of retail and business banking products and services.
JSC “Halyk Bank Georgia” provides products and services in the areas of retail banking, business banking. JSC “Halyk Bank Georgia” offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, consumer loans, mortgage loans. JSC “Halyk Bank Georgia” offers several money transfer options including Zolotaya Korona, Western Union. JSC “Halyk Bank Georgia” makes its solutions available to natural persons, companies.
Current Account in JSC “Halyk Bank Georgia”
Opening an account in JSC “Halyk Bank Georgia” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Halyk Bank Georgia” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Halyk Bank Georgia” will ask to provide corporate documentation as well as information about controlling persons. JSC “Halyk Bank Georgia” may request additional documentation or information depending on the case. JSC “Halyk Bank Georgia” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking.
Website Languages
Georgian
Russian
English
Account Currencies
GEL
EUR
USD
Card Providers
Visa
MasterCard
JSC “Isbank Georgia”
Customer Rating
(5.0; 2 ratings)
Country of Origin
Turkey
Turkiye Is Bankasi (Isbank) was founded in 1924 and now is one of the largest banks in Turkey. Isbank provides retail, private and corporate banking products and services.
JSC “Isbank Georgia” provides products and services in the areas of retail banking, business banking. JSC “Isbank Georgia” offers a range of products including current accounts, debit cards, savings accounts, time deposit accounts, consumer loans, mortgage loans, vehicle loans, business loans, trade finance. JSC “Isbank Georgia” makes its solutions available to natural persons, companies.
Current Account in JSC “Isbank Georgia”
Opening an account in JSC “Isbank Georgia” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Isbank Georgia” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Isbank Georgia” will ask to provide corporate documentation as well as information about controlling persons. JSC “Isbank Georgia” may request additional documentation or information depending on the case. JSC “Isbank Georgia” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking.
Website Languages
English
Georgian
Turkish
Account Currencies
GEL
EUR
USD
GBP
Card Providers
Visa
JSC “Liberty Bank”
Customer Rating
(4.0; 35 ratings)
Country of Origin
Netherlands
Liberty Bank traces its roots back to 1994 when its predecessor “AgroMretsvBank” was privatised. Liberty Bank provides retail, business and private banking products and services.
JSC “Liberty Bank” provides products and services in the areas of retail banking, private banking, business banking. JSC “Liberty Bank” offers a range of products including current accounts, debit cards, savings accounts, time deposit accounts, certificates of deposit, consumer loans, car loans, mortgage loans, business loans, money transfers. JSC “Liberty Bank” offers several money transfer options including Western Union, Unistream, MoneyGram, Contact, Ria, Zolotaya Korona, Intel Express, Blizko, Xpress Money, Welsend, Rico Gram. JSC “Liberty Bank” makes its solutions available to natural persons, companies.
Current Account in JSC “Liberty Bank”
Opening an account in JSC “Liberty Bank” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Liberty Bank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Liberty Bank” will ask to provide corporate documentation as well as information about controlling persons. JSC “Liberty Bank” may request additional documentation or information depending on the case. JSC “Liberty Bank” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app.
Website Languages
Georgian
English
Mobile App (Liberty Mobile) Supported Languages
English
Georgian
Account Currencies
GEL
USD
EUR
Card Providers
Visa
MasterCard
UnionPay
JSC “PASHA Bank Georgia”
Customer Rating
(4.5; 6 ratings)
Country of Origin
Azerbaijan
PASHA Bank is a Baku-based financial institution operating in Azerbaijan, Georgia and Turkey. PASHA Bank provides corporate and investment banking services to large-, medium- and small-sized enterprises. PASHA Bank also offer a variety of deposits to natural persons. PASHA Bank has been operating in Georgia since 2013.
JSC “PASHA Bank Georgia” provides products and services in the areas of corporate and investment banking, retail banking. JSC “PASHA Bank Georgia” offers a range of products including business loans, credit lines, syndicated loans, trade finance, savings accounts, time deposit accounts, certificates of deposit. JSC “PASHA Bank Georgia” makes its solutions available to companies, SMEs, natural persons.
Current Account in JSC “PASHA Bank Georgia”
Opening an account in JSC “PASHA Bank Georgia” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “PASHA Bank Georgia” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “PASHA Bank Georgia” will ask to provide corporate documentation as well as information about controlling persons. JSC “PASHA Bank Georgia” may request additional documentation or information depending on the case. JSC “PASHA Bank Georgia” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app.
Website Languages
Georgian
English
Mobile App (PASHA Bank Georgia) Supported Languages
English
Georgian
Russian
Account Currencies
GEL
USD
EUR
JSC “ProCredit Bank”
Customer Rating
(4.0; 25 ratings)
Country of Origin
Germany
JSC “ProCredit Bank” is a member of ProCredit Group, a financial group headquartered in Germany and consisting of 13 banks operating in developing countries of Eastern Europe and Latin America. The group’s business focus is providing lending products to small- and medium-sized companies. ProCredit Group also provides a range of retail banking products to natural persons. JSC “ProCredit Bank” operates as a subsidiary of ProCredit Bank AG (Germany).
JSC “ProCredit Bank” is focused on providing lending products to small- and medium-sized companies. JSC “ProCredit Bank” provides products and services in the areas of retail banking, business banking. JSC “ProCredit Bank” offers a range of products including current accounts, debit cards, savings accounts, time deposit accounts, company accounts, international payments, credit lines to finance working capital, amortization loans, annuity term loans, bank guarantees. JSC “ProCredit Bank” makes its solutions available to natural persons, companies.
Current Account in JSC “ProCredit Bank”
Opening an account in JSC “ProCredit Bank” can be done in a few steps:
1. Submit online application
Required Documents
•passport
•proof of address
Identity Verification
n/a
While onboarding a private individual JSC “ProCredit Bank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “ProCredit Bank” will ask to provide corporate documentation as well as information about controlling persons. JSC “ProCredit Bank” may request additional documentation or information depending on the case.
Remote Access
Remote access to the account is possible via online banking, mobile app.
Website Languages
Georgian
English
Account Currencies
GEL
EUR
USD
Card Providers
MasterCard
JSC “Silk Road Bank”
Customer Rating
(5.0; 4 ratings)
Country of Origin
Georgia
Established in 2001, Silk Road Bank is represented in several countries worldwide. Silk Road Bank is focused on corporate banking and has been supporting the establishment of many famous Georgian brands, assisting various local businesses in broadening their activities, attracting a number of foreign investments and successfully implementing international projects. Silk Road Bank also serves individual customers.
JSC “Silk Road Bank” provides products and services in the areas of corporate banking, retail banking. JSC “Silk Road Bank” offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, consumer loans, car loans, business loans. JSC “Silk Road Bank” offers several money transfer options including Faster, Anelik, Contact, Western Union, MoneyGram, Leader, Intel Express, Liberty Express, Unistream, Bistraya Pochta, Privat Money, InterExpress, Zolotaya Korona, Xpress Money. JSC “Silk Road Bank” makes its solutions available to natural persons, companies.
Current Account in JSC “Silk Road Bank”
Opening an account in JSC “Silk Road Bank” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Silk Road Bank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Silk Road Bank” will ask to provide corporate documentation as well as information about controlling persons. JSC “Silk Road Bank” may request additional documentation or information depending on the case. JSC “Silk Road Bank” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking.
Website Languages
Georgian
English
Account Currencies
GEL
EUR
USD
Card Providers
Visa
JSC “TBC Bank”
Customer Rating
(4.2; 29 ratings)
Country of Origin
Georgia
Founded in 1992, TBC Bank is a modern, innovative, technology-driven bank, offering retail and corporate banking products and services.
JSC “TBC Bank” provides products and services in the areas of retail banking, business banking. JSC “TBC Bank” offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, children deposit accounts, safe deposit boxes, consumer loans, mortgage loans. JSC “TBC Bank” offers several money transfer options including Western Union, Unistream, Contact, MoneyGram, Intel Express, Zolotaya Korona, Ria, Rico Gram. JSC “TBC Bank” makes its solutions available to natural persons, companies.
Current Account in JSC “TBC Bank”
Opening an account in JSC “TBC Bank” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “TBC Bank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “TBC Bank” will ask to provide corporate documentation as well as information about controlling persons. JSC “TBC Bank” may request additional documentation or information depending on the case. JSC “TBC Bank” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app.
Website Languages
Georgian
English
Mobile App (TBC Bank) Supported Languages
English
Georgian
Account Currencies
GEL
EUR
USD
GBP
Card Providers
Visa
MasterCard
JSC “TeraBank”
Customer Rating
(5.0; 4 ratings)
Country of Origin
United Arab Emirates
Initially founded in 1999, TeraBank is now owned by Dhabi Group (United Arab Emirates), operating in a variety of fields, including the tourism industry, construction, real estate, development and management, production, marine boreholes, banking and financial services. TeraBank provides a broad range of retail and business banking products and services to improve the lives of entrepreneurs, their employees, and their clients by fulfilling their business and personal financial needs.
JSC “TeraBank” provides products and services in the areas of retail banking, business banking. JSC “TeraBank” offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, children deposit accounts, safe deposit boxes, consumer loans, mortgage loans, money transfers. JSC “TeraBank” offers several money transfer options including Unistream, Intel Express, Contact, Western Union, MoneyGram, Zolotaya Korona, Welsend, Ria, Rico Gram. JSC “TeraBank” makes its solutions available to natural persons, companies.
Current Account in JSC “TeraBank”
Opening an account in JSC “TeraBank” can be done in a few steps:
1. Submit online application
2. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “TeraBank” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “TeraBank” will ask to provide corporate documentation as well as information about controlling persons. JSC “TeraBank” may request additional documentation or information depending on the case. JSC “TeraBank” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app, SMS service, phone.
Website Languages
Georgian
English
Mobile App (Terabank mBusiness) Supported Languages
English
Georgian
Account Currencies
GEL
EUR
USD
Card Providers
Visa
MasterCard
JSC “VTB Bank – Georgia”
Customer Rating
(3.0; 4 ratings)
Country of Origin
Russian Federation
Established in 1995, “VTB Bank – Georgia” is a member of Russian financial group, VTB Bank Group. “VTB Bank – Georgia” operates as a universal bank, providing retail, private and business banking products and services.
JSC “VTB Bank – Georgia” provides products and services in the areas of retail banking, private banking, business banking. JSC “VTB Bank – Georgia” offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, children deposit accounts, safe deposit boxes, consumer loans, mortgage loans, money transfers. JSC “VTB Bank – Georgia” makes its solutions available to natural persons, companies.
Current Account in JSC “VTB Bank – Georgia”
Opening an account in JSC “VTB Bank – Georgia” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “VTB Bank – Georgia” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “VTB Bank – Georgia” will ask to provide corporate documentation as well as information about controlling persons. JSC “VTB Bank – Georgia” may request additional documentation or information depending on the case. JSC “VTB Bank – Georgia” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking, mobile app.
Website Languages
English
Russian
Mobile App (VTB Bank Georgia, Mobile Bank) Supported Languages
English
Georgian
Russian
Account Currencies
GEL
USD
EUR
Card Providers
Visa
MasterCard
JSC “Ziraat Bank Georgia”
Customer Rating
(4.0; 22 ratings)
Country of Origin
Turkey
Ziraat Bank is a Turkish universal bank, providing retail, private, corporate and invesment banking products and services to domestic and international clients (private individuals, SMEs and companies).
JSC “Ziraat Bank Georgia” provides products and services in the areas of retail banking, corporate banking. JSC “Ziraat Bank Georgia” offers a range of products including current accounts, debit cards, consumer loans, mortgage loans, business loans, credit lines, bank guarantees. JSC “Ziraat Bank Georgia” makes its solutions available to individuals, legal entities.
Current Account in JSC “Ziraat Bank Georgia”
Opening an account in JSC “Ziraat Bank Georgia” can be done in a few steps:
1. Visit bank branch
Required Documents
•passport
•proof of address
Identity Verification
•branch visit
While onboarding a private individual JSC “Ziraat Bank Georgia” will ask him/her to provide the following documents: passport; proof of address. For corporate clients JSC “Ziraat Bank Georgia” will ask to provide corporate documentation as well as information about controlling persons. JSC “Ziraat Bank Georgia” may request additional documentation or information depending on the case. JSC “Ziraat Bank Georgia” performs client’s identity verification via branch visit.
Remote Access
Remote access to the account is possible via online banking.
Website Languages
Georgian
English
Turkish
Account Currencies
GEL
USD
EUR
TRY
See Also
- Offshore Banking in Latvia
- Offshore Banking in Montenegro
- Offshore Banking in Cyprus
- Offshore Banking in Macedonia
- Offshore Banking in Serbia
- List of Banks in Georgia
- Economy and Banking Sector of Georgia
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