The memorandum provides for a simplified offer of insurance and banking products for customers.

Within the framework of this large-scale project, farmer customers of the bank, with a single visit to the bank via the “one window" principle, will be able to purchase the desired services of both Liberty and New Vision Insurance. From today, the purchase of agro-insurance is possible at any Liberty branch based on only presenting identity documents.

New Vision Insurance operates in the Georgian insurance market for the third year now and is included in the state agro-insurance program.

Agricultural insurance is one of our most important products. Last year we managed to cover 35% of the market. We have big plans for the year. We focus on quality and service, we expand the agency network, we improve the possibility of easy purchase of the product as much as possible, and customers can use our insurance services from any place in Georgia. We have been cooperating with Liberty for the second year now. Within the framework of our partnership, farmers who purchase New Vision agro-insurance will be able to benefit from interest-free installments of the Liberty Bank, the overage of the interest will be undertaken by the insurance company. Along with this, customers can purchase New Vision agro-insurance at any Liberty branch throughout Georgia just with the submission of an ID card.” – Giorgi Barkalia, CEO of New Vision Insurance.

"Liberty continues to cooperate with New Vision Insurance. The partnership this year as well will continue in the field of agro-insurance. Our farmer consumers are given an opportunity to ensure their crops against natural disasters and protect their incomes from possible risks as much as possible. It is important for Liberty to develop new, simple services in the agricultural direction. It is also important to increase both awareness about and accessibility of agricultural insurance in general. The joint project allows us to save the precious time of each farmer and to provide both banking and insurance services throughout the country with just one visit to the bank.” Vazha Menabde, MSME banking director.

JSC Liberty Bank is the third-largest system bank the assets of which amount to GEL 3 billion and serves 1.7 million individuals and 50,000 small, medium, and large businesses throughout Georgia.