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EBRD to Open 100 million USD Credit Line for Bank of Georgia

EBRD to Open 100 million USD Credit Line for Bank of Georgia

 The European Bank for Reconstruction and Development (EBRD) plans to open a 100 million USD credit line for Bank of Georgia.

According to the EBRD official website information, Bank of Georgia will receive the sum in two positions to serve three target directions, including for financing small and medium sized business companies that satisfy the DCFAT requirements. The bank will finance this direction by 50 million USD.

40 million USD will be directed to financing small and medium business enterprises, while 10 million USD will finance representatives of the Women in Business project.