Basisbank

The Group’s principal business activity is commercial and retail banking operations,including deposits, loans and guarantees, cash settlement services, securities business and foreign currency exchange business since 1993. It is well-known for services provided to SMEs and retail customers. In 2011, among the 19 banks in Georgia, Basis Bank ranked 12th in asset size.

With the development of international trade, cross-border settlement has become an urgent problem for many Chinese companies to go out. In June 2012, in order to protect the capital security of Chinese-funded enterprises and promote bilateral RMB cross-border settlement, Hualing Group invested 98 million US dollars to acquire 90% of the shares of Basis Bank, thus becoming the largest shareholder. In September, 2012, Hualing Group acquired 90% shares of BasisBank in Georgia.

This acquisition was named as one of the ten China’s best overseas investments at the second China Overseas Investment Summit (2012), which is held in Hong Kong. It is known as "an important milestone not only to Hualing Group, but also to other Chinese private enterprises and even all non-financial enterprises".

Capital injection of $45 million provided capacity to substantial advancements on the market in terms of client coverage, number of branches and market share. Extraordinary financial results also followed, Total Assets has grown 20 times, Net Assets – 18 times, Total Gross Loans – 28 times and Customer Deposits – 20 times.  As a result, bank’s ranking in the Georgian banking industry has upgraded from 11th to 4th as of 2023.