Liberty Bank is launching a new partnership with The Bank of New York Mellon to expand its correspondent network and simplify international transfers for customers. Through this collaboration, Liberty Bank will provide its customers with an even faster, more flexible, and more efficient way to make and receive USD transfers worldwide, ensuring enhanced global financial connectivity and improved service quality.
The updated requisites required for USD transfers and deposits are now available for both businesses and individuals via internet and mobile banking or at Liberty Bank branches.
"The Bank of New York Mellon is one of the largest financial institutions in the world in the correspondent network market. Partnering with them is an international recognition of Liberty's success. Before the partnership came into effect, Liberty underwent a rigorous evaluation process that, in addition to various financial criteria, required compliance with high reliability standards. I want to thank every member of the Liberty team, whose contributions are essential to our continuous development as a universal financial institution and to offering international-standard services to our business and retail customers."
— Vakhtang Babunashvili, Chief Financial Officer.
About The Bank of New York Mellon Corporation
The Bank of New York Mellon Corporation (BNY Mellon) is an American international financial services company headquartered in New York. The company was founded in 2007 through the merger of The Bank of New York and Mellon Financial Corporation and is now one of the world's largest corporate banks.
BNY Mellon specializes in asset management and trust services, operating in over 100 markets worldwide. As of 2024, it ranks as the 13th largest bank in the United States and the 83rd largest globally in terms of total assets.
About Liberty Bank
Liberty Bank is one of Georgia’s largest commercial banks, serving over 1.7 million individuals and more than 50,000 small and medium-sized businesses. The bank's assets amount to 5 billion GEL, and it employs over 5,500 people.
Liberty operates the country's most extensive banking network, with more than 360 service centers, 632 ATMs, and self-service and POS terminals across all regions and municipalities of Georgia. In addition to its well-developed infrastructure, Liberty offers modern digital services and remote banking solutions for both individuals and businesses.
