BASISBANK LAUNCHES USD CORRESPONDENT ACCOUNT WITH THE BANK OF NEW YORK MELLON CORPORATION
The Bank of New York Mellon Corporation Becomes Basisbank’ s New International Partner
Basisbank is expanding its global correspondent banking network by establishing a new partnership with the globally recognized American financial institution – The Bank of New York Mellon Corporation.
Launching a correspondent business with a top-tier American financial institution is a forward-looking step for Basisbank and its customers.
This new collaboration will significantly streamline international USD transfers for Basisbank clients, enabling seamless and secure transactions across the globe.
“The initiation of our partnership with The Bank of New York Mellon Corporation marks another clear recognition of Basisbank on the international stage – a truly proud milestone for us. This successful collaboration is built on the foundation of our longstanding expertise, financial transparency, stability, and a dynamically expanding global partner network,” said David Tsaava, General Director of Basisbank.
“Our core commitment is to deliver continuously evolving, flexible, and customer-centric financial solutions. Partnering with The Bank of New York Mellon Corporation further simplifies the process of international USD payments for our clients. We will continue to actively expand our network of international partners, strengthening Basisbank’ s global payment infrastructure,” he added.
About Basisbank Group
Basisbank Group is a growing universal financial holding with over three decades of experience, serving corporate clients, small and medium-sized businesses, and retail customers. The group's core focus is delivering a comprehensive range of banking, insurance, and leasing services through one of the country's largest banks within the group, alongside its subsidiaries, BB Insurance and BB Leasing. The group is dedicated to sustainable development and generating long-term value for its stakeholders.
About BNY
BNY is a global financial services company that helps make money work for the world - managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of June 30, 2025, BNY oversees $55.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
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Basisbank Wins ADB`s Award for Best SME Deal of the Year
08.09.2025.15:31
Basisbank has been recognized by the Asian Development Bank (ADB) with the prestigious SME Deal of the Year Award, presented during ADB’s annual Trade and Supply Chain Finance Program Awards ceremony held in Singapore on September 2, 2025.
This recognition highlights Basisbank’s strong commitment to supporting the growth of small and medium-sized enterprises (SMEs) in Georgia and beyond. By providing tailored financial solutions and facilitating access to trade finance, Basisbank continues to empower businesses that play a vital role in driving economic development.
Receiving the SME Deal of the Year Award demonstrates Basisbank’ s dedication to innovation, responsible financing, and its mission to strengthen Georgia’s business sector by enabling SMEs to expand their opportunities in both local and international markets.
“We are honored to receive this award from ADB, which affirms our efforts to stand beside Georgian SMEs as they grow and compete globally,” said David Tsaava, General Director of Basisbank. “We would especially like to thank ADB for its longstanding and fruitful partnership, which plays a crucial role in strengthening our businesses. This recognition encourages us to continue expanding access to financial solutions that help businesses thrive.”
The ADB’s Trade and Supply Chain Finance Program annually honors partner banks that deliver excellence in trade finance and contribute to sustainable economic progress across Asia and beyond.
