Halyk Bank Georgia

What Halyk Bank Georgia does

Halyk Bank Georgia (legal name: SS Halyk Bank Georgia / სს ჰალიკ ბანკი საქართველო) is a privately held commercial bank operating in Georgia since 2008, wholly owned by Halyk Bank Kazakhstan — the largest financial group in Kazakhstan with over 100 years of operating history and a London Stock Exchange listing since 2006. The bank holds a National Bank of Georgia commercial banking license (granted January 2008, order No. 62) and carries a Fitch long-term issuer default rating of BB+ with stable outlook as of November 2025. It participates in the Georgian deposit insurance system with coverage of 50,000 GEL per depositor effective April 2026.

The bank's product platform covers the full retail and commercial banking stack: retail lending (mortgage, consumer, auto loans), retail deposits (demand, term, growing), credit cards (Green Card with 2% POS cashback and 55-day grace period), and deposit certificates. Business banking includes business loans (working capital, investment, credit lines, guarantees), Visa Business debit cards, POS terminals (standard, fiscal, integrated), and a Salary Project corporate payroll service. Distribution is built around 9 physical branches across Tbilisi, Batumi, Kutaisi, Rustavi, and Poti, complemented by a mobile banking app (iOS/Android), the myhalyk.ge internet banking platform, biometric authentication via Georgia's Services Development Agency, and integrations with Visa, MasterCard, Apple Pay, Google Pay, and Garmin Pay. International remittance corridors are operated through Western Union, MoneyGram, RIA, and Intel Express, and correspondent banking relationships cover USD (Bank of New York Mellon), EUR (Raiffeisen Bank International), and cross-border Kazakhstan flows (Halyk Bank Kazakhstan).

The revenue model is structurally that of a traditional commercial bank: net interest income (lending rate minus deposit cost on GEL/USD/EUR) is the primary revenue driver, supplemented by fee and commission income (account maintenance, transfers, card services, documentary operations, guarantees, currency exchange, ATM transactions). The GTM motion is a branch-based relationship-banking model with dedicated SME and corporate divisions, supported by self-serve digital channels. Customer segments span Retail Individuals (primary), Small and Medium Business, Corporate Clients, and Agricultural Sector (subsidized-rate government agro-credit program), served through a horizontal segmentation approach with no disclosed enterprise customer concentration.

Name

Halyk Bank Georgia

Legal name

SS Halyk Bank Georgia (სს ხალიკ ბანკი საქართველო)

Website

https://halykbank.ge

Company type

Private

Founded year

2008

Operating status

Operating

Short description

Halyk Bank Georgia is a Tbilisi-headquartered, privately held commercial bank — wholly owned by Halyk Bank Kazakhstan — that provides retail and business banking (loans, deposits, cards, POS, salary project) across Georgia through 9 branches, mobile/internet banking, and international money-transfer corridors.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221), Credit Card Issuing (52221)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Retail banking services
• Commercial lending
• Corporate banking
• Deposit products
• Money transfer services

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income: Interest earned on loans including mortgage loans, consumer loans, auto loans, business loans, and overdraft facilities. Variable and fixed rate products in GEL, USD, and EUR currencies.
2. Fee and Commission Income: Fees from account maintenance, money transfers, card services, documentary operations, guarantees, currency exchange, and ATM transactions.
3. Deposit Operations: Interest paid to depositors on current accounts, term deposits, and deposit certificates. Spreads earned between lending and deposit rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Halyk Bank Georgia is a licensed commercial bank operating in Georgia since 2008. It provides retail and corporate banking products including mortgage loans, consumer loans, auto loans, business loans, credit cards, deposit accounts, deposit certificates, salary project services, and POS terminals. The bank distributes these offerings through a branch network, mobile and internet banking channels, and international money transfer agent partnerships.

Product overview

Halyk Bank Georgia offers a comprehensive banking platform consisting of mobile and internet banking as the primary digital channels, supplemented by physical branch and ATM network. For individuals, the portfolio includes mortgage loans, consumer loans, auto loans, credit cards (Green Card), deposit products (demand, term, and growing deposits), and deposit certificates. Remote banking services encompass mobile payments via Apple Pay, Google Pay, and Garmin Pay, plus money transfers through Western Union, Moneygram, RIA, and Intel Express. Business banking products include Visa Business cards, POS terminals (standard, fiscal, and integrated), business loans, deposit accounts, and salary project management. The bank operates since 2008 as a subsidiary of Kazakhstan's Halyk Bank.

Differentiator

Problem solved

Functional benefit

Brands

• Green Card: Credit card product with cashback and promotional period features, offered to retail customers.
• Visa Business

Products and services

• Mobile Banking App

Quantifiable outcome

• Deposit insurance coverage of 50,000 GEL per depositor from April 2026

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Partnerships

One partnership is on record.

• National Bank of GeorgiacoreOthersThe bank's supervisory authority and regulator under Georgian banking law. Correspondent bank for domestic operations.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Liberty Bank (Georgia): Liberty Bank is a Georgian universal bank serving retail and SME customers with a comparable product suite (deposits, consumer loans, cards, remittances). It competes head-to-head with Halyk Bank Georgia in the same local market with similar mass-market positioning.
• Bank of Georgia: Bank of Georgia is the country's incumbent universal bank, offering the same retail, SME, and corporate banking products as Halyk Bank Georgia. It is a directly comparable commercial banking peer with a similar full-service model but materially larger scale.
• ProCredit Bank Georgia: ProCredit Bank Georgia is a development-focused commercial bank emphasizing SME and business lending, directly competing with Halyk Bank Georgia's SME and corporate segments. The shared focus on quality banking for businesses makes it a directly comparable peer.
• BasisBank: BasisBank is a Georgian universal commercial bank serving retail, SME, and corporate customers with deposits, loans, and cards. It directly competes with Halyk Bank Georgia across multiple product lines and customer segments.
• FINCA Bank Georgia: FINCA Bank is a Georgia-based microfinance and small business bank offering consumer loans, deposits, and cards. It overlaps with Halyk Bank Georgia's retail and small business lending products and serves similar customer segments, making it a directly comparable peer.
• TBC Bank Georgia: TBC Bank is the largest retail and digital bank in Georgia, directly competing with Halyk Bank Georgia across deposits, payments, consumer and SME lending. Both target the same customer base with overlapping mobile-first product strategies, making TBC the closest direct peer in product, geography, and business model.
• VTB Bank Georgia: VTB Bank Georgia is a Russian-owned commercial bank offering retail and corporate banking products comparable to those of Halyk Bank Georgia. It competes in the same market segments with a similar universal banking model.
• Cartu Bank (Georgia): Cartu Bank is a Georgian commercial bank offering retail and corporate banking products. It competes with Halyk Bank Georgia in the local market with a comparable universal banking model.

Broad incumbents

• Halyk Bank Kazakhstan (parent): Halyk Bank Kazakhstan is the parent of Halyk Bank Georgia and Kazakhstan's largest financial group. While operating in a different geography, it shares the same brand, governance model, and product architecture, making it the closest governance and platform-level peer.

Regional players

• TBC Bank Uzbekistan: TBC Bank Uzbekistan is a regional expansion of the leading Georgian digital bank into Uzbekistan. It reflects how Georgian-incorporated digital banking models are scaling across the Caucasus and Central Asia — a similar cross-border banking play to Halyk Bank Georgia's CIS positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/HalykBankGE
• YouTubeyoutube.com/channel/UCsmo9P-iH0ow1Agp2e1A__Q
• Facebookfacebook.com/halykbank.ge
• LinkedInlinkedin.com/company/halykbankgeo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halyk Bank Georgia