Bank of Georgia Signs 10-Year Loan Agreement Totaling 107 million USD

Bank of Georgia has attracted 10-year subordinated syndicated loans of 107 million USD. The bank has already signed a due agreement.

The agreement syndication agent is FMO - Dutch entrepreneurial development bank. The initial participants jointly with the agent are: DEG - Deutsche Investitions-und Entwicklungsgesellschaft, Finnish Fund for Industrial Cooperation Ltd., Obviam, Swedish Development Finance Institution - Swedfund International AB, BlueOrchard Microfinance Fund (BOMF) და Symbiotics Group.

The recourse is to classify the bank’s secondary capital into an instrument as part of the III Basel regulation. This deal will further improve positions of the bank’s capital.

“I would like to thank our new partner creditors for diversification of the bank’s capital structure and promotion for strengthening the capital position that is reflected in enhancement of Bank of Georgia as Georgia’s leading commercial bank”, BOG director general Archil Gachechiladze said.

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Economy

Bank of Georgia Signs 10-Year Loan Agreement Totaling 107 million USD

Bank of Georgia has attracted 10-year subordinated syndicated loans of 107 million USD. The bank has already signed a due agreement.

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Bank of Georgia Signs 10-Year Loan Agreement Totaling 107 million USD

Bank of Georgia has attracted 10-year subordinated syndicated loans of 107 million USD. The bank has already signed a due agreement.

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