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Georgian lender Basisbank establishes insurance, leasing units

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Georgian lender Basisbank establishes insurance, leasing units

Georgian lender JSC Basisbank established two new subsidiaries, Hualing Insurance and BHL leasing.

The insurance unit has already obtained life insurance and nonlife insurance licenses and intends to provide customized insurance products, according to Basisbank.

Both units will begin their activities in the second quarter.