Former Imedi owner Rukhadze has sold his shares in Liberty Bank to BasisBank. This acquisition means that Chinese-linked BasisBank has now acquired Georgia's Liberty Bank.

A US regulator is considering sharing the application of World Liberty bank with lawmakers, indicating scrutiny over the bank's operations or approval process.

Nir Zuk, founder of Palo Alto Networks, is reportedly in the process of acquiring Liberty Bank.

The bank said its functioning was not interrupted.