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Standard Bank
Salford acquired a majority stake in Agro Business Bank of Georgia from European Community in 2005. At the time of the acquisition the bank was focused almost exclusively on niche agro business lending and had virtually no presence in the local consumer/corporate banking sector. Following the acquisition Salford embarked on a complete restructuring process in order to create a full service Georgian bank.
Restructuring effected by Salford included re-branding (Standard Bank), aggressive branch network expansion (by the end of 2007 Standard Bank is expecting to have increased it's number of outlets to 31 from 12 one year before), launch of new retail and commercial banking products such as credit cards, retail deposits and corporate banking to small and medium clients (SMEs") as well as retail lending.
Today Standard Bank is one of the fastest growing(by any measure) banks in Georgia and is the 7th largest bank in Georgia in terms of assets. It has grown it's client base from approximately 2,500 in January 2005 to approximately 30,000 at the end of April 2007, and has nearly quardupled it's loan portfolio.
 
Standard Bank's deposit and liquidity safety ratios are all within limits setby the National Bank of Geoargia. In a recent rating (beginning of 2007) conducted by the National Bank no other bank received a higher rating from that awarded to Standard Bank.
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