Home / Business / Andras Simor: We Are Happy Due to the Progress Made in Georgia through recent years
Andras Simor

Andras Simor: We Are Happy Due to the Progress Made in Georgia through recent years

Andras Simor, Vice-President and Financial Director of the European Bank notes, that the bank is making its contribution in the development of capital markets denominated in GEL.

“We are happy due to the progress made in Georgia through recent years, because we make our contribution in the effective and deep development of capital markets. Bond issue confirms this success and strengthens the liability taken by us. All this stimulates development”, Simor says.

It should be noted, that the European Bank has the Local Currency Lending Program in Georgia since December, 2009. In addition, the revenues, gained from three issuance of lari-denominated bonds, are spent for funding the basic projects.

The European Bank has issued 16 credits denominated in GEL and the volume totals to 380 million GEL, which is for support small business, energy efficiency and women enraptures. To remind, the European Bank has announced about the public offer of 107 million GEL bonds.

Source: GBC