Bank of Georgia Attracts $55m FMO Investment

With a $55m FMO investment attracted, Bank of Georgia has further strengthened its capital and liquidity positions.

The investment’s maturity is 10 years. As part of the subordinate syndicated loan, the resource will be classified as the bank’s secondary capital instrument. The bank has further improved capital and liquidity positions thanks to this investment. This injection will help the Bank in it COVID-19 elimination efforts.

“I am pleased that our long-term and successful partnership with the FMO is continued through this important agreement. The subordinate loan will enable to further improve the capital. I would like to thank the FMO that has enabled to implement this transaction together with our current and new partner financial institutions. I would like to express gratitude to our new partner creditors for diversifying the bank’s capital structure and for their support in strengthening the capital position that is expressed in strengthening the role of Bank of Georgia, as Georgia’s leading commercial bank”, Bank of Georgia director general Archil Gachechiladze noted.

We remind you that the mentioned resource is the next tranche as part of the $107m loan with 10-year maturity. The due agreement was signed in December 2019. The agreement syndication agent is the Dutch Entrepreneurial Development Bank (FMO). Besides the agents, initial shareholders are DEG – Deutsche Investitions-und Entwicklungsgesellschaft, Finnish Fund for Industrial Cooperation Ltd., Obviam, Swedish Development Finance Institution – Swedfund International AB, BlueOrchard Microfinance Fund (BOMF) and Symbiotics Group.

BGEO3

Last 7 Days Hot Topic

Economy

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

Economy

Bank of Georgia Attracts $55m FMO Investment

With a $55m FMO investment attracted, Bank of Georgia has further strengthened its capital and liquidity positions.

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06

Categories

Pages

Bank of Georgia Attracts $55m FMO Investment

With a $55m FMO investment attracted, Bank of Georgia has further strengthened its capital and liquidity positions.

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06