JSC Bank of Georgia signs GEL 100 million 5-year loan agreement with IFC

Bank of Georgia Group PLC (“the Group“) announces that JSC Bank of Georgia (the “Bank” or “Bank of Georgia”) and the International Finance Corporation (“IFC”) have signed a GEL 100 million loan agreement with a maturity of 5 years. The facility will support the local currency needs of Georgian micro, small and medium sized enterprises. The investment is supported by the Women Entrepreneurs Opportunity Facility, a pioneering global initiative by IFC and Goldman Sachs Foundation to expand access for women entrepreneurs. Under the facility, 25% of the loan is dedicated to serve female entrepreneurs. IFC will raise the local currency funds through a private placement of GEL-denominated bonds to be arranged by Galt & Taggart – a wholly owned brokerage subsidiary of the Group.