Bank of Georgia signs a five year Georgian Agricultural Finance Facility with EBRD
Bank of Georgia
JSC Bank of Georgia (LSE: BGEO) (the “Bankâ€), the leading bank in Georgia and the European Bank for Reconstruction and Development (the “EBRDâ€) have signed an Agricultural Finance Facility agreement for a Georigan lari loan of the equivalent of US$ 14,492,000 in Georgian lari.
“I am very pleased that the EBRD is continuing its track record of support for the Bank. This long-term lari funding will enable Bank of Georgia to enhance its lending to Georgia’s agriculture sectorâ€, commented Irakli Gilauri, Chief Executive Officer.
About Bank of Georgia
Bank of Georgia is the leading Georgian bank, based on total assets (with a 36% market share), total loans (with a 36% market share) and client deposits (with a 34% market share) as of 30 June 2011, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.
Bank of Georgia has, as of the date hereof, the following credit
ratings:
Standard & Poor’s |  | ‘B/B’ |
FitchRatings | ‘B+/B’ | |
Moody’s | ‘B1/NP’ (FC) & ‘Ba3/NP’ (LC) |
For further information, please visit www.bog.ge/ir
or contact:
Irakli Gilauri | Â | Macca Ekizashvili |
Chief Executive Officer | Head of Investor Relations | |
+995 32 444 109 | +995 32 444 256 | |
This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.