Posted: 1 year ago

Bank of Georgia Signs USD 50 million Facility

SC Bank of Georgia, signed a USD50 million additional tier 1 capital perpetual subordinated syndicated facility. The European Bank for Reconstruction & Development and Swedfund International AB are the lenders.

Expects the facility to be included in the additional tier 1 capital of the bank. Says it will provide the bank with an opportunity to further diversify its capital structure from a foreign currency perspective.