JSC Bank of Georgia’s US$75 million Trade Finance Club Facility Named Trade Deal of the Year

Bank of Georgia Group PLC (“the Group“) announces that JSC Bank of Georgia’s (“the Bank” or “Bank of Georgia”) one-year US$75 million Club Trade Finance Facility (“the Facility”) arranged in 2017 by Citi Bank (“Citi”) in collaboration with the Bank’s long-term partner international financial institutions – Asian Development Bank (“ADB”) and International Finance Corporation (“IFC”), a member of the World Bank Group, was recognised as the Trade Deal of the Year by ADB’s Trade Finance Program (“TFP”). The Facility was the fourth successful syndication arranged by Citi for JSC Bank of Georgia and the largest ever Trade Club deal arranged by commercial and development banks for trade finance purposes in CAREC (The Central Asia Regional Economic Cooperation) member countries.