Bank of Georgia Group raises US$ 10 million 5-year financing from EFSE

Bank of Georgia Group PLC (“the Group“) announces that the Group has co-operated with the European Fund for Southeast Europe (“EFSE”) to gain additional long-term funding totalling US$ 10 million with a maturity of 5 years. The funding from EFSE will be primarily directed at supporting the working capital financing and investment needs of micro and small enterprises (“MSEs”) in Georgia.

Kaha Kiknavelidze, Group CEO commented: “I am pleased that we have once again co-operated with our long-term partner EFSE to create a range of products for our MSE clients. Supporting small businesses with various types of financial services and solutions has always been an important part of our business, and EFSE has been our trusted partner in this regard since 2010. I would like to thank our partner for their contribution in supporting the further development of Georgian enterprises.”