ISBANK GEORGIA

What ISBANK GEORGIA does

JSC Isbank Georgia is a Georgia-incorporated commercial bank operating as a wholly-owned subsidiary of Türkiye İş Bankası, Turkey's largest private bank. Founded as a foreign branch in Batumi in July 2012 and reorganized into a joint-stock subsidiary in August 2015, the bank has consolidated all physical operations into a single Tbilisi headquarters after closing the Batumi branch on July 15, 2024. As of December 31, 2023, the bank reported subscribed capital of GEL 134 million and allocated capital of GEL 69.2 million.

The bank serves two principal customer segments — corporate/SME clients (medium and large enterprises with import/export activity) and individual retail depositors. Its product suite comprises business loans, trade finance instruments (Letters of Credit and Bank Guarantees in import/export, revocable/irrevocable, confirmed/unconfirmed, sight/deferred variants), multi-currency term deposits and certificates of deposit in GEL, USD, EUR, and TRY, treasury/foreign exchange products, and deposit insurance up to 30,000 GEL under Georgia's Deposit Insurance System. Distribution runs through a single Tbilisi branch plus the MaximumBank internet and mobile banking platforms (the latter relaunched October 15, 2024) and direct correspondent relationships with Bank of Georgia, TBC Bank, Liberty Bank, and ISBANK AG.

Revenue is generated primarily through net interest income on lending and deposit products, transaction fees on transfers (domestic and SWIFT), fees on trade finance instruments, and — effective November 28, 2025 — annual account maintenance fees of 100 GEL for individuals and 200 GEL for businesses. The bank supplements domestic lending capacity with international green financing, having signed a EUR 7 million facility with the Green for Growth Fund in July 2024 (a follow-on to a EUR 6.1 million facility in December 2021) to support energy efficiency and renewable energy projects. The bank does not publicly disclose revenue figures.

Name

ISBANK GEORGIA

Legal name

JSC Isbank Georgia

Website

https://isbank.ge

Company type

Private

Founded year

2012

Operating status

Operating

Short description

JSC Isbank Georgia is a Tbilisi-based commercial bank and wholly-owned subsidiary of Türkiye İş Bankası, serving Georgian corporate/SME clients and retail depositors with business loans, trade finance, multi-currency deposits, and digital banking from a single branch plus the MaximumBank platform.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Corporate banking
• Trade finance
• Term deposits
• Treasury products

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Interest earned on business loans, trade finance facilities, and credit lines extended to corporate and SME customers
2. Deposit Interest: Interest paid to depositors on term deposits, certificates of deposit, and savings accounts in GEL, USD, EUR, and TRY
3. Fee and Commission Income: Fees from account maintenance, transfers (SWIFT, domestic), currency conversion, and operational services
4. Trade Finance Services: Letters of Credit issuance and Bank Guarantee fees for import/export transactions

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

ISBANK Georgia is a commercial bank operating in Tbilisi that provides retail and corporate banking services. Its core offerings include business loans, trade finance instruments (Letters of Credit and Bank Guarantees), multi-currency term deposits and certificates of deposit, treasury/foreign exchange products, corporate and individual internet banking, mobile banking, and operational cash management services. The bank leverages its affiliation with Türkiye İş Bankası to facilitate Turkish-Georgian trade and cross-border banking.

Product overview

ISBANK GEORGIA offers a comprehensive suite of banking products and services as a commercial bank operating in Georgia. The product portfolio consists of two main segments: Business Banking (corporate loans, trade finance with letters of credit and bank guarantees, term deposits, treasury products, corporate internet banking, and operational services) and Individual Banking (term deposits, certificates of deposit, deposit insurance, and internet/mobile banking platforms). The bank leverages its parent company Türkiye İş Bankası's infrastructure to provide cross-border banking services, particularly with Turkey. Key digital channels include corporate internet banking for businesses and retail internet/mobile banking applications. Trade finance products support both international and domestic trading through letters of credit and bank guarantees.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Loans Commercial lending product for medium and large business customers, including cash loans to support working capital and various business needs.
• Trade Finance Trade finance instruments for importers and exporters, including Letters of Credit (import/export, revocable/irrevocable, confirmed/unconfirmed, sight/deferred payment) and Bank Guarantees (advance payment, performance/deferred payment, bid bond/tender).
• Business Term Deposit Term deposit product for business customers allowing money placement for fixed periods with guaranteed interest returns in GEL, USD, and EUR.
• Deposit Insurance Deposit insurance protection offered to depositors under Georgia's Deposit Insurance System, reimbursing depositors up to 30,000 GEL per depositor per commercial bank.
• Treasury Products Foreign exchange and treasury management products for business customers, enabling currency conversion and treasury operations.
• Corporate Internet Banking Digital banking platform for business customers enabling account viewing, statement delivery, loan details, currency conversion, fund transfers between own accounts and to other banks (in national and foreign currency), and instant transfers to Türkiye İş Bankası accounts.
• Business Operational Services Business operational banking services including account management and cash management for corporate clients.
• Individual Internet Banking Retail digital banking platform for individual customers with account management, transfers, currency exchange, and access to deposit and loan products.
• Retail Term Deposit Individual term deposit accounts available in GEL, USD, and EUR with terms ranging from 3 to 24 months, offering effective interest rates up to 10.80% for GEL deposits.
• Certificate of Deposit Coupon Certificate of Deposit for individuals with guaranteed monthly interest payments, available in GEL, USD, and EUR with a minimum amount of 5,000 and effective rates up to 11.09% for GEL.
• Mobile Banking Application Mobile banking application for iOS and Android devices enabling customers to access banking services on mobile devices using their internet banking login credentials.

Quantifiable outcome

• Effective deposit rates up to 10.90% for GEL, 3.60% for USD, 2.00% for EUR

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• BasisBank: A mid-sized Georgian commercial bank offering retail and corporate banking products. Comparable in scale and product breadth to Isbank Georgia, and competes directly for SME and mid-corporate customers in the Georgian market.
• Bank of Georgia: The largest commercial bank in Georgia and a listed entity on the London Stock Exchange. Isbank Georgia already maintains a correspondent banking relationship with BOG for GEL transfers and SWIFT, making it a direct comparable in Georgian commercial banking with much greater scale and a multi-branch network.
• Credo Bank: A Georgian commercial bank with a focus on micro, small, and medium enterprise lending and retail deposits. Comparable in scale and customer base to Isbank Georgia's SME-oriented lending franchise.
• Cartu Bank: A Georgian universal commercial bank offering retail, corporate, and trade finance services. Competes with Isbank Georgia in the local SME and corporate segments with similar product breadth.
• TBC Bank: One of Georgia's two leading universal banks, also London-listed. TBC competes directly with Isbank Georgia across retail deposits, SME lending, and corporate banking, and is an existing correspondent partner for GEL and SWIFT clearing — directly comparable in customer segments and product set.
• ProCredit Bank Georgia: A development-oriented commercial bank in Georgia serving SMEs and corporate clients, owned by ProCredit Holding. Similar to Isbank Georgia in its SME and corporate lending focus, with comparable size and a foreign strategic shareholder.
• Liberty Bank: A major Georgian commercial bank focused on retail and SME banking. Liberty is a direct correspondent partner of Isbank Georgia for USD/EUR clearing, and competes in the same retail deposit and SME lending segments, making it a close same-market peer.

Broad incumbents

• Halyk Bank Georgia: Georgian subsidiary of Halyk Bank, the largest bank in Kazakhstan. Directly comparable as a foreign-owned commercial bank subsidiary operating in Georgia with corporate and retail offerings.
• Türkiye İş Bankası (Isbank Turkey): The parent company and ultimate owner of Isbank Georgia. While not a direct competitor in Georgia, the parent's brand, capital, and product infrastructure directly shape Isbank Georgia's positioning and trade-finance corridor with Turkey.
• VTB Bank Georgia: Georgian subsidiary of Russia's VTB Group, offering universal banking services. Like Isbank Georgia, it is a foreign-owned subsidiary operating in the Georgian market with a focus on corporate banking and trade finance with its home market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/IsbankGeorgia
• LinkedInlinkedin.com/company/jsc-isbak-georgia
• Instagraminstagram.com/isbankgeorgia

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 ISBANK GEORGIA