Published by Wanda Rich
Posted on September 17, 2024
2 min readLast updated: January 29, 2026
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Global Banking & Finance Review® is pleased to announce that Basisbank has been named the Best SME Bank Georgia 2024 for the second consecutive year at the esteemed Global Banking & Finance Awards® in the
Global Banking & Finance Review® is pleased to announce that Basisbank has been named the Best SME Bank Georgia 2024 for the second consecutive year at the esteemed Global Banking & Finance Awards® in the Banking Awards Category. This recognition underscores Basisbank’s robust strategy and unwavering commitment to supporting the growth and development of small and medium-sized enterprises (SMEs) across Georgia.
Every year, Basisbank reinforces its reputation as a trusted partner for small and medium-sized businesses by providing tailored financial solutions and an exceptional banking experience. In 2024, Basisbank’s dynamic growth persisted, and in the area of business lending, it continues to maintain a strong position among the country’s top three banks.
Wanda Rich, Editor of Global Banking & Finance Review®, commented on the achievement: “Basisbank is one of the leading financial institutions driving the growth of small and medium-sized enterprises in the country’s financial sector. Its ongoing, successful support for businesses demonstrates a deep understanding of the unique challenges faced by SMEs. In 2024, Basisbank made further significant strides with financial solutions tailored specifically to small and medium-sized businesses. This Best SME Bank award is a testament to the bank’s innovative approach, client-focused strategy, and consistent efforts in the SME sector.
We are especially proud that Basisbank has been named the best bank for supporting small and medium-sized businesses by the international publication Global Banking & Finance Review for the second consecutive year. With 30 years of continuous growth, our main priority is to offer businesses a comprehensive range of financial services, tailored to their specific needs and interests. By adopting an individualized approach with each client, we aim to foster long-term, successful partnerships between the bank and businesses. This international recognition reaffirms the consistent efforts of Basisbank’s team of professionals in delivering practical, results-oriented solutions for businesses,” said Archil Chachkhiani, Head of Small and Medium Business Division at Basisbank.
The Global Banking & Finance Review awards, presented annually by this internationally renowned publication, recognize outstanding companies in key areas of the banking and finance industry based on their best performance, strategic achievements, and innovations. Known for its impartial editorial policy, Global Finance is highly respected and trusted within financial circles.
An SME, or Small and Medium-sized Enterprise, is a business that maintains revenues, assets, or a number of employees below a certain threshold. They play a crucial role in economic growth and job creation.
Financial solutions refer to a range of services and products designed to meet the financial needs of individuals and businesses, including loans, investment options, and banking services.
Business lending involves providing funds to businesses for various purposes, such as expansion, equipment purchase, or operational costs, typically through loans or credit lines.
A banking award is a recognition given to financial institutions for excellence in various categories, such as customer service, innovation, and support for small businesses.
A client-focused strategy prioritizes the needs and preferences of clients in the development of services and products, aiming to enhance customer satisfaction and loyalty.
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