President Saakashvili says Russia purchases Georgian banks
Georgia's President Mikheil Saakashvili said that Russia was allegedly buying out Georgian banks, including one of the country's largest banks, Liberty Bank, RIA Novosti news agency reported.
Speaking at a press briefing on Tuesday night, Saakashvili said that Liberty Bank was purchased by Russia's largest lender Sberbank, while two more Russian banks, namely Alfa-Bank and Gazprombank, eyed other Georgian banks.
Director General of Liberty Bank Lado Gurgenidze, however, denied later that his bank was purchased by Russia's Sberbank.
"I want to point out that the information is not true. We had talks with the Russian bank neither in the past, nor at the moment," Gurgenidze wrote in his Facebook account.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!