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Bank of Georgia raises US$75 million Trade Finance Club Facility

23 Aug 2017

BGEO Group PLC (the “Group” or “BGEO”), announces that JSC Bank of Georgia (“the Bank”) has signed a one-year US$75 million Club Trade Finance Facility (“the Facility”) arranged by Citi in collaboration with the Bank’s long-term partner international financial institutions – Asian Development Bank (“ADB”) and International Finance Corporation (“IFC”) - a member of the World Bank Group. The Facility is the fourth successful syndication arranged by Citi for JSC Bank of Georgia and supports Bank of Georgia’s commitment to remaining the leading provider of trade finance solutions for the Georgian corporate and small and medium sized (SME) sectors.

 

Bank of Georgia raises US$75 million Trade Finance Club Facility