Bank of Georgia Secures $45 Million Trade Finance Facility from Citi

Bank of Georgia has signed a new $45 million trade finance agreement with global banking group Citi, marking the 12th successful transaction between the two institutions under the Continuing Agreement for Reimbursement of Trade Advances (CARTA), originally signed in 2011.

The one-year facility is designed to provide enhanced trade finance solutions for Georgian corporate, small, and medium-sized enterprises (SMEs), reflecting both the growing needs of the local market and the continued strength of the partnership between the two banks.

“We are pleased to continue our close collaboration with Citi, which is reflected in this $45 million trade finance transaction,” said Archil Gachechiladze, CEO of Bank of Georgia. “We are closely monitoring the evolving needs of Georgian businesses—especially in the corporate and SME sectors—and are committed to delivering high-quality trade finance services that help businesses grow. This agreement highlights the trust our international partners place in our capabilities.”

Emre Umut, Head of Financial Institutions, Treasury and Trade Solutions at Citi (Middle East and Africa), also emphasized the strategic nature of the partnership: “We greatly value our strong relationship with the Bank of Georgia, the leading financial institution in Georgia and the Caucasus. This transaction supports the trade finance activities of our clients and demonstrates Citi’s continued commitment to the region.”

The agreement further cements Citi’s presence in the Caucasus and enhances Bank of Georgia’s ability to facilitate international trade and access to capital for its growing base of business clients.